Get 1-hour loans with no employment verification in Canada

Wondering if you can get a loan without a job? Most lenders require employment income, but if you need money now, payday loan, cash advance or installment loan providers offer 1-hour loans with no employment verification in Canada. These loans accept different types of earnings, so you don’t necessarily need to hold a job to qualify.

• Personal loans (as little as 1 hour)
• Cash advances (instant for a fee)
• Payday loans (instant)

Compare personal loans you can get in 1 hour with no employment verification

Apply online and get funds quickly with these fast personal loans. But keep in mind that personal loans take longer than cash advances and payday loans, and they could take longer than an hour.

You’ll also need to present proof of a steady non-employment income.

Compare cash advance loans you can get in 1 hour with no employment verification

These cash advance providers offer small instant loans and don’t require a credit check.

Finder Score for cash advance apps

To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 5+ cash advance apps are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.

Read the full methodology

Get a payday loan in 1 hour with no employment verification

Payday loans offer instant approval and fast funding if you need money now, but interest rates are extremely high. They’re best left as a last resort.

What are some of the fastest no job verification loans that take less than 1 hour?

The fastest options are payday lenders and cash advance apps, thanks to their automated online processes and easy requirements.

• iCash. This payday lender has an automated system that allows for instant approval and e-transfer funding 24/7. It also accepts many forms of non-employment income.
• KOHO. This cash advance app has no job or income requirements and offers instant approval and funding. The only step that might take a bit of time is signing up for a KOHO account.
• Nyble. This cash advance app accepts various incomes and offers instant e-transfer funding if you sign up for a monthly subscription.

Tips to get 1-hour loans with no employment verification in Canada

• Show other sources of income like the Canada Child Benefit (CCB), employment insurance (EI), disability benefits, investment dividends, social assistance or a pension.
• Apply to online lenders with e-transfer funding.
• If you own a car, use it as collateral and apply to a car title loan lender (but this often takes longer than an hour).

Can I get no-income loans in Canada?

It’s possible to get a loan with no income in Canada if you get a cash advance or pawn shop loan. For example, you can sign up for KOHO’s Cover, which is a cash advance with no income requirements.

However, it’s generally not recommended that you get a loan without some form of income to repay it, as this could further strain your financial situation.

1-hour payday loans

Do you have no income and need money now? A payday loan is a small but expensive advance of up to $1,500 that’s possible to get without a job. You typically repay a payday loan the next time you receive income.

The fastest payday lenders in Canada offer 1-hour loans with no employment verification. You’ll just need to make sure your bank account accepts Interac e-transfer, which is the fastest funding method.

Tips for getting 1-hour payday loans

• Submit your application during business hours, or apply to lenders that do e-transfer payday loans 24/7.
• Check for errors on your application.
• Login to online banking to verify the financial information on your application. This is usually required for instant loans with fast approval.

What to watch out for

The biggest drawbacks are the cost and short repayment terms. Payday loans have a steep borrowing fee of $14 for every $100 borrowed, and you’ll repay it fully by your next payday.

Before applying for 1-hour payday loans using non-employment income, make sure you can afford to repay the loan and cover your other expenses. Otherwise, you may need another loan.

1-hour installment (personal) loans

Offered by online lenders, installment loans come with lower rates and larger amounts than payday loans (often between $500 and $10,000), but the rates are typically higher than regular personal loans.

You need to provide proof of income, but non-traditional earnings are often acceptable. Some lenders accept government benefits like CCB, disability or EI.

Personal loans can be much quicker than other types of loans but might take longer than 1 hour to process. Alternatively, car title loans depend on vehicle equity more than your income, which might increase your chance of approval.

Tips to speed up the process and get your loan as fast as possible

• Submit your application in the morning on a business day.
• Apply to a lender that offers e-transfer funding.
• Apply to a lender with instant bank verification in its process.

What to watch out for

• Lenders of fast short-term installment loans might charge a broker fee of up to $300.
• Welfare income is often not accepted. Examples include ODSP, AISH and Ontario Works. Learn more about loans you can get on social assistance.

Related: Emergency loans in Canada

1-hour cash advance apps

Cash advance apps give access to small loans of up to $500. You pay no interest on these cash loans, but you may pay a monthly fee. It’s possible to get an instant cash advance in Canada with any type of income. Although it’s possible to receive funds in as little as 1 hour, there might be an extra fee for fast transfers.

Tips to speed up the process and get your loan as fast as possible

• Pay the extra fee to get your funds transferred more quickly.
• Download and sign up on the cash advance app well ahead of when you think you might need a loan, so there are fewer delays when you need a loan later.

What to watch out for

Cash advance apps only offer small amounts of funding. If you need to borrow more than a few hundred dollars, you’ll have to look elsewhere. Unlike payday loans and installment loans, you might need to pay subscription fees to use cash advance apps.

Can I get 1-hour loans with no employment verification with bad credit?

If you have steady non-employment income and need money now, there are 1-hour loan options available even if you have bad credit. These include cash advance apps and payday loans.

Some installment loans have flexible eligibility criteria and accept borrowers with bad credit and non-employment income. Connect with suitable lenders using an online loan search platform like Loans Canada and LoanConnect. Fill out a free, no-obligation application and get matched to lenders from among a large network of loan providers.

Compare installment loans

How common is it for Canadians to be denied a loan because of income?

In the Finder: Consumer Sentiment Survey January 2024, respondents were asked to select the main factor why a previous personal or car loan application was denied. It turns out that 5% of respondents cited not meeting the loan income requirements as the primary reason for being denied.

How to compare unemployment loans in Canada with no job verification

Before you apply for a loan without proof of income, compare lenders based on the following factors:

• Interest rates. Low interest rates can save you thousands of dollars in interest over the course of your loan.
• Fees. Keep an eye out for NSF fees, late payment fees, origination fees and prepayment penalties. Steer clear of lenders that require a fee before providing a loan.
• Term. Choose a repayment period that suits your budget. It should be long enough to make monthly payments affordable but short enough to avoid paying exorbitant interest.
• Repayment conditions. Find a lender that will work with you to set the best terms for your loan, including renegotiating payments if you’re struggling financially.
• Customer service. Check customer ratings or comparison sites like this one to see which lenders are reputable and trustworthy.

How to get a loan without a job

If you’re in between jobs but have a strong record of repaying your loans on time, you can apply for unemployed loans in Canada. Follow these steps to learn how to get a loan without a job:

1. Check your credit score. If you want to figure out if you qualify, you’ll need to check your credit score. The higher your credit score, the higher your chances of getting approved.
2. Compare lenders. Next, compare lenders that offer no-income loans in Canada to find the best interest rates and terms for you. Compare installment loans and payday loans.
3. Fill out your application. When you find the right combo, apply with your personal details.
4. Verify your identity. You’ll be required to prove your identity by submitting government-issued ID. You may also need to submit your bank statements.

Other loans with no employment verification

Below are other financing options to consider if you want a loan without of proof of income:

• Credit card cash advance. To get funds in less than 1 hour, visit an ATM to withdraw cash from your credit card. Be aware that credit card cash advances are costly. You could pay over 20% interest of the amount you borrow plus a fee. Interest accrues the moment you withdraw.
• Car title loans. Use your car as collateral to get a loan with no employment verification. Your car must be paid off, and if you don’t repay the loan, the lender can keep your vehicle. This loan will take more than 1 hour.
• Pawn shop loans. Use an asset as collateral to borrow 20-60% of its value. If you don’t repay the loan, the lender keeps your asset. You can get this loan in less than 1 hour.

Frequently asked questions

• How do I get my credit score?

  You can request a free copy of your credit report once a year from Equifax or TransUnion. View your credit score online or get a copy of the report mailed to you.

• Can I get a loan on unemployment?

  Yes, some lenders across Canada offer loans to people on unemployment. The most common type of unemployment income these lenders accept is employment insurance (EI). If you're currently receiving EI and are searching for a loan, check lenders' income requirements before applying, or compare your options above. Be sure to consider alternatives before taking on high-interest debt, such as a part-time job or personal line of credit.

• I have no job income and need money now. What are my options?

  If you have no employment income and need money now, payday loans are likely your fastest option. Some payday lenders in Canada accept alternative forms of employment income like EI. Turnaround times are as little as 5 minutes when you apply online.

  Payday loans are very expensive, so make sure you can afford to repay your loan before you apply.

• How much can I borrow with a no employment verification loan?

  If you're securing your loan with collateral, you'll borrow based on a percentage of your collateral's value. If the loan has no collateral, the lender will look at your non-employment income and existing debts to determine your eligibility.

• Can I get a loan without proof of employment?

  Yes, but you'll still have to show that you're earning some form of income. This could mean receiving welfare payments, pension, being self-employed or receiving a regular deposit into your account from investments.

• Can I get a loan without proof of income?

  Most lenders will need to verify you have a source of income to repay your loan. Loans that don't require proof of income are credit card cash advances and pawn shop loans.