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 incomes, 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, no credit check)
• 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.

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.

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What are some popular options for no job verification loans that take less than 1 hour?

Below are some lenders you can check out. Their apps are highly rated, and they’ve received thousands of positive reviews about their quick, easy service.

Lender	Instant funding	Requires employment	iOS app	Android app
KOHO	Yes	No, has no job or income requirements	4.8	4.3
Nyble	Yes, with a premium membership	No, accepts benefits as well	4.8	4.8
iCash	Yes	No, accepts benefits as well	4.8	4.8

These three options are often used for emergencies, but before you apply, make sure to explore all your options to find a loan that’s best for your situation.

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).
• Apply via instant bank verification (IBV), which allows lenders to quickly review your identity and non-employment income.

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 (but you would need to sign up for a KOHO account).

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.

Can I get 1-hour payday loans with no job?

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.

Examples of lenders include iCash, PAY2DAY, Loan Express, Cash Money, Cash 4 You and Money Mart.

Tips to get 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 in your application.
• Log in 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 of payday loans 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.

What about 1-hour installment (personal) loans?

It’ll be difficult to get 1-hour installment loans, but not impossible. 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 sources are often acceptable. Some lenders accept government benefits like CCB, disability or EI.

Examples of lenders that provide 1-hour or same-day funding include Loans Canada, LoanConnect, Lamina Loans, Helium Loans and Eastern Loans.

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 high broker or surety fee of up to $300. This fee is added to your payments.
• Welfare income is often not accepted. Examples include ODSP, AISH, Ontario Works and BC income assistance. Learn more about loans you can get on social assistance.

Related: Emergency loans in Canada

1-hour cash advance apps are a solid alternative

Payday loans and personal loans are not your only option. Cash advance apps give access to small loans of up to $500. You pay no interest on these loans, but you may pay a monthly fee. It’s possible to get an instant cash advance in Canada with any type of income.

Getting funds in less than an hour is possible, but this perk comes with a fee.

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

• Pay the extra fee to get your funds transferred instantly. If you want a predictable flat fee, check out Nyble or KOHO because Bree charges a fee per transfer based on the amount you borrow.
• 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’re a first-time borrower, apps may approve you for less than $80 and will only increase your limit once you build a history of on-time payments.

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 accept borrowers with bad credit and non-employment income. You can apply through a free loan search platform like Loans Canada or LoanConnect to be matched with suitable lenders, though funding may take several hours or a few days. Alternatively, short-term loan brokers such as Lamina or Eastern Loans may offer faster funding, sometimes within an hour, but broker fees may apply.

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 you to pay a fee before getting 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 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 a 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 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 on 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.