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Online payday loans that accept disability income

Find payday loans for disability income in Canada, plus see other loans available to you.

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  • Get up to 20% in cashback
  • Accepts disability income
  • APR & loan term vary by province
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If you’re looking for loans for people on disability, you have options. Payday loans are by far the most common, and there are payday loans that accept disability income in Canada. But they are extremely expensive and should only be a last resort. Explore your options for disability loans and learn about key factors to consider before applying.
⚠️ Warning: Be cautious with payday loans
Payday loans are expensive. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). Consider alternatives instead of a payday loan:
  • Local resources. Government programs and nonprofits offer free financial services and help with food, utilities and rent.
  • Debt relief companies. There are services to help you reduce your debt payments.
  • Payment extensions. Talk with bill providers about longer payment plans or due-date extensions.
  • Side jobs. Sell unwanted items online, sign up for food delivery and more.

Online payday loans that accept disability in Canada

Compare payday loans for disability income.

Name Product Loan Amount Loan Term Interest Rate Turnaround Time Serviced Provinces
Money Mart Payday Loan
$120 - $1,500
1 - 62 days
Varies by province
As little as 1 hour after getting approved
AB, BC, MB, NS, ON, SK
To be eligible, you’ll need to be at least 18 years of age with a steady source of income and a chequing account. No credit check required.
iCASH Payday Loan
$100 - $1,500
7 - 62 days
Varies by province
As little as 2 minutes with INTERAC e-Transfer
AB, BC, MB, NB, NS, ON, PEI
Get up to 20% in cash back once your payday loan is fully repaid. Conditions apply.

To be eligible, you'll need to be at least 19 years of age and have a net income of at least $800/month deposited into your bank account.
Cash Money Payday Loan
$100 - $1,500
5 - 40 days
Varies by province
As little as 15 minutes with INTERAC e-Transfer
BC, NL, NS, ON, SK
Apply for your first $300 payday loan at a $20 cost (excludes SK applicants).

You'll need to be 18 years of age or older and have a net income of at least $1,000/month. Residents of MB and NB must apply in-store for a loan.
GoDay Payday Loan
$100 - $1,500
Up to 62 days
Varies by province
As little as 2 minutes with INTERAC e-Transfer
AB, BC, MB, NB, NS, ON, PEI, SK
To apply, you'll need to be a Canadian resident over the age of 18 with a valid email address, phone number and an open bank account with a Canadian bank or credit union.
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Maximum borrowing costs per province
Always refer to your contract for exact repayment amounts and costs as they may vary from our results.
Province Maximum allowable cost of borrowing
Alberta, British Columbia, New Brunswick, Ontario & Prince Edward Island $15 per $100 borrowed
Manitoba & Saskatchewan $17 per $100 borrowed
Nova Scotia $19 per $100 borrowed
Newfoundland and Labrador $21 per $100 borrowed
Northwest Territories, Nunavut & the Yukon $60 per $100 borrowed
Quebec Limit of 35% annual interest rate (AIR)

What should I know about payday loans for disability income in Canada?

Lenders use income to determine whether you can afford to repay a loan. Not all lenders recognize disability benefits as a valid source of income, so if you’re looking to take out a payday loan, your first step is to find a lender that accepts disability benefits.

Fortunately, payday loans have flexible eligibility criteria, and there are online payday loans that accept disability in Canada. But keep in mind that payday loans have very steep interest rates and short repayment terms, so only get one if you’ll have the money to repay it. Also, the payday loan space is known to be predatory. It’s important to choose a lender that abides by provincial regulations and properly assesses your ability to repay a loan.

Features of online payday loans that accept disability in Canada

  • Quick. Many online payday loans for disability can be funded within minutes after approval via e-transfer.
  • High cost. They can cost between $15 and $25 dollars or more for every $100 borrowed, depending on your province or territory.
  • Small loan amounts. The range is typically $100 to $1,500.
  • Short loan terms. Payday loans usually need to be repaid by your next payday. However, if you’re in Alberta, you have a minimum loan term of 42 days.
  • Bad credit is OK. Borrowers with bad credit scores are still eligible.

Can you get a payday loan on disability income with no credit check?

Yes. Some payday lenders in Canada do not do credit checks and hone in on your income instead. You’ll need to show them that you have recurring income by providing pay stubs and/or bank statements. If you prefer to get a payday loan with no credit check, make sure you go with a legitimate lender, and watch out for payday loan scams.

Eligibility requirements for online payday loans that accept disability

Exact requirements vary among lenders, but generally you need to:

  • Be the age of majority in your province or territory (either 18 or 19 years old)
  • Be a Canadian citizen or permanent resident
  • Have a steady source of income
  • Have an active bank account

How to compare payday loans for disability income

  • Funding options offered. You can get your payday loan via e-transfer, direct deposit, loaded into a prepaid debit card or cash in-store, but not all lenders offer all these options.
  • Turnaround time. If speed is crucial to you, find a payday lender that can give instant approval on your application and funding within minutes after approval. If you’re applying outside of regular business hours and you need money fast, you may want to choose a lender that offers payday loans 24/7.
  • Reputation. Read reviews from people who have taken out a payday loan from the lender.
  • Accepts disability income. Check first that the lender accepts disability income. Some payday lenders may not accept government disability benefits but accept private disability income, while others may not accept any kind of disability income.
  • Licensed and follows provincial regulations. Each province has its own rules about payday loans, such as maximum borrowing fees, fees if you miss a payment, cancellation period, loan extensions and more. Be sure to choose a licensed lender that abides by all of them.

Other loans for people on disability

Payday loans are not your only option for disability loans in Canada. Some lenders of installment loans and lines of credit can accept disability benefits as a form of income.

  • Installment loans. These are a type of personal loan offered by online lenders that have smaller loan amounts, shorter terms and higher interest rates than the average personal loan. Jump to installment loans.
  • Lines of credit. With a line of credit, you can borrow up to a predetermined amount. You get an open term where you can pay off all or part of the loan whenever you like. Jump to lines of credit.

Online installment loans that accept disability

If you decide that a payday loan is not for you, here are installment loans for people on disability.

Installment Loan

Money Mart Installment Loan logo
        
  • Rates from 29.90% - 46.90%
  • Borrow from $1,000 - $15,000
  • Loan term of 12 - 60 months

Installment Loan

LoanConnect Installment Loan logo
        
  • Rates from 32.00%
  • Borrow from $500 - $2,500
  • Loan term of 3 - 6 months

Installment Loan

Loans Canada Installment Loan logo
        
  • Rates from 8.00% to 46.96%
  • Borrow from $500 - $50,000
  • Loan term of 3 - 60 months

Installment Loan

Cash Money Installment Loan logo
        
  • Rates from 46.93%
  • Borrow from $500 - $10,000
  • Loan term of 6 - 60 months

Features of installment loans for disability income

  • Interest rates. Interest rates are typically between 20% and 47%. They are based on personal factors like your credit score, income and debts.
  • Regular repayment schedule. Work with your lender to determine how much and how often your loan repayments will be. With these fixed terms, you can plan and budget accordingly.
  • Loan amounts. The range is usually $500 to $10,000.
  • Loan terms. Term lengths often last between 6 months and 5 years.
  • No prepayment penalties. You can typically pay off your installment loan early without facing any fees.
  • Bad credit is considered. If your credit score is below 560, you could still be eligible for an installment loan.
  • Disability income is OK. Not all lenders accept disability income, so check the lender’s requirements before you apply.

Important: An installment loan is a different product from a payday loan, but they are often offered by the same lender. When browsing your options, watch out for lenders that are promoting payday loans as an installment loan.

Lines of credit for people on disability

Compare lines of credit from online lenders that accept disability income.

Name Product Interest Rate Loan Amount Loan Term Requirements Link
Mogo Mini Line of Credit
Mogo Mini Line of Credit
47.42%
$1,000 - $3,500
No end dates
Requirements: min. income $13,000/year, min. credit score 500
Go to site
More Info
Apply online and get pre-approved in just 3 minutes. Non-employment income also accepted. Pay back loan at any time.
Cash Money Line of Credit
Cash Money Line of Credit
46.93%
$100 (in store), $500 (online) - $10,000
No end dates
Requirements: min. credit score 560
Go to site
More Info
Residents in AB, BC, NL, NS, ON and SK can apply online. Residents of MB or NB can apply in-store only.
LendDirect Line of Credit
LendDirect Line of Credit
19.99% - 46.93%
$100 - $15,000
No end dates
Requirements: min. income $1,500/month, min. credit score 560
Go to site
More Info
If approved, receive access to funds in as little as 15 minutes.
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Features of lines of credit that accept disability

  • Loan amount. Borrow as much or as little as you need up to a limit.
  • Open term. Make the interest payments and pay off the loan partially or in full any time without penalty.
  • Potentially cheaper than a payday loan. For example, Mogo claims its MogoMini line of credit is up to 88% cheaper than a payday loan.
  • High interest rates. Even though an online line of credit is potentially cheaper than a payday loan, it still has a high interest rate, and if you wait too long to pay off the balance, you can end up paying more than a payday loan.
  • Bad credit is considered. Check the lender’s minimum credit score before you apply.
  • Disability income is OK. Not all lenders accept disability income, so be sure to check the requirements before applying.

How to compare loans for people on disability

With so many options online for disability loans, which one do you choose? Consider the following:

  • Interest rates. If you compare the annual percentage rate charged for borrowing, payday loans have much higher rates – in the triple digits – than other loans.
  • Loan terms. Installment loans and lines of credit allow for longer terms than payday loans. If you think an online payday loan is the right fit for you, be certain you can repay it in time.
  • Potential fees. See if the lender charges fees like late payment fees or prepayment penalties.
  • Legitimacy of the lender. Check for a business licence, check out reviews and see how clear the lender is with its rates and terms.
  • No pressure. Avoid lenders that pressure you into signing a loan agreement.

    Dos and don’ts before you apply for a loan

      Do:

      • Get a free copy of your credit report and correct any discrepancies. This process takes several weeks, but it can improve your credit score.
      • See if you can get government help first.
      • Consider different credit options before going for a payday loan.
      • Compare lenders to get the best deal for you.
      • Check the eligibility criteria before applying.
      • Make sure you’ll have enough income left over to pay for other debts once you repay your payday loan. Otherwise, you may need to take out another payday loan to cover the shortage, which causes a cycle of debt.

      Don’t:

      • Take out a loan if you can’t afford to make the repayments.
      • Apply for multiple credit products in a short time, especially if you’ve recently been rejected.
      • Rush into signing a contract without understanding the terms of your loan, including your interest rate, repayment schedule and any other fees you may encounter.
      • Take out a payday loan without knowing the payday loan regulations of your province.

        Will getting a loan affect my disability payments?

        No, loans aren’t considered income and usually don’t count against your disability payments. However, there are 2 situations which could affect your payments:

        • You receive money as a gift. If you’re given money you don’t have to repay, the government considers it a gift and counts it as an asset. This could put you over the resource limit for individuals and make you ineligible for benefits that month.
        • You don’t spend your loan money right away. If you take out a loan, you usually need to spend it within the month you receive the funds. Anything left over may count toward your resource limit, which means you may become ineligible for benefits.

        In these cases, make sure you aren’t going over your individual resource limit. Only borrow as much as you need to avoid taking on too much debt or having too much in the bank when your resources are counted for the month.

        Will I be charged higher rates because I have a disability?

        Lenders aren’t legally allowed to discriminate against you for having a disability. The rate you’re charged will be based on all facets of your loan application including the total income you make (which could include other sources you have besides disability payments), your credit history and other factors.

        If your income is minimal and you have fair or below average credit, you’ll be considered higher risk to lenders and will likely be charged a higher rate to make up this.

        More alternatives for people on disability benefits

        Bottom line

        You have many choices in online payday loans that accept disability income, but before signing on the dotted line, research the lender, understand the cost of the loan and make sure you have the money to pay it back.

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