If you’re receiving the Assured Income for the Severely Handicapped (AISH) and looking for a payday loan, some lenders accept this benefit as a valid source of income. But while AISH payday loans are convenient and easy to access, they’re only suitable as a last resort because of their sky-high fees and quick repayment terms.
This guide covers payday lenders in Alberta that accept AISH as well as other loans that might be better for your situation.
The following options are not payday loans. KOHO, Bree and Nyble offer instant approval and funding and don’t check credit.
| Lender | Cost | Loan amount | Loan term | |
|---|---|---|---|---|
Cash Advance |
0% + monthly fee from $2 | $20 – $500 | Flexible | |
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Personal Loan |
8.99% - 35.00% | $500 – $50,000 | 3 - 120 months | Go to site |
Personal Loan |
9.99% - 35.00% | $500 – $50,000 | 3 - 60 months | Go to site |
Credit Line |
0% | $30 – $250 | 31 days, extendable | Go to site |
Cash Advance |
0% | $20 – $750 | Next pay cycle (90 days max) | Go to site |
Payday loans provide approval and funding within minutes.
Payday loans are convenient for emergencies, but their very high costs may impact borrowers in the long run. If you have already considered alternatives and have decided a payday loan suits your situation, ensure the lender you choose is licensed.| Licensed payday lender | Interest rate | Loan amount | Loan term | |
|---|---|---|---|---|
Payday Loan |
$14 per $100 borrowed | $100 – $1,500 | 7 – 62 days | Go to site |
Yes, you can, but you’ll need to find a lender that accepts this type of income. Government disability benefits are one of the least accepted forms of income among payday lenders. You may also only be approved for smaller loan amounts. Payday lenders that do accept AISH include iCash, Money Mart and Cashco.
Yes, you can get AISH loans in Canada via instant e-Transfer without needing to go through a credit check. Examples of lenders that offer this are Bree, KOHO (Cover), Nyble and Money Mart. Bree, KOHO and Nyble are not payday loans but cash advance providers, which can be much cheaper alternatives.
If you opt for a cash advance, you can apply online, get approved within minutes, and receive an instant transfer for a fee. KOHO and Nyble both charge a flat monthly fee ($2+ for KOHO and $11.99 for Nyble), while Bree charges a fee per transfer ($2.99 – $45.99).
If you get a payday loan, the cost for instant funding is included in the borrowing fee, which is $14 for every $100 borrowed.
Payday loans come with their fair share of notoriety. Every Albertan considering a payday loan must be aware of these red flags:
According to the province’s Consumer Protection Act, you’re required to repay the loan in installments instead of a lump sum. Because AISH is paid out monthly, you can anticipate repaying your loan during two pay periods. If you prefer not to, you can repay the full amount early without any penalties.
The most common way to repay your loan is through direct debit repayments. This involves setting up an automatic withdrawal from your bank account on your due dates. Before you authorize this, make sure you know what your due dates are so that you have sufficient funds in your account ahead of time.
You can protect yourself as a borrower by getting familiar with your rights when taking out a payday loan in Alberta. Here are some more key rules you should know:
Payday lenders usually schedule repayments on the day you receive your income. Here are the payment dates for 2026. You may make loan repayments on two payment dates.
| Month of assistance | Payment date |
|---|---|
| November 2026 | 10-27-2026 |
| December 2026 | 11-25-2026 |
| January 2027 | 12-22-2026 |
Treat payday loans as a last resort tool if you’re in a financial pinch. Check out these other options for individuals on disability in Alberta.
If you’re on the fence between payday loans and credit card cash advances, here’s a closer look at the cost breakdown for both for a $500 loan:
| $500 payday loan | $500 credit card cash advance | |
|---|---|---|
| Loan term | 42 days | 42 days |
| Interest rate | $14 for every $100 borrowed | 23% APR + 5% fee |
| Total loan cost | $570 ($70 interest) | $538 ($38 interest) |
Stressed about expenses? You’re not alone. According to Finder’s Consumer Sentiment Surveys from January 2025 and March 2026, Canadians are feeling more financial pressure this year than last. Groceries remain the top stressor, climbing from 51% to 55%, while stress over non-mortgage debt, like credit cards, jumped from 16% to 22%. Meanwhile, the percentage of Canadians reporting no financial stress at all has dropped from 15% to just 11%.
We searched the marketplace for lenders that accept AISH and organized them in the tables below. Lenders typically don’t accept AISH, so options are more limited, but we do update these whenever we find a new suitable lender.
Payday loans have been included for comparison purposes. It’s best to avoid them.
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 40+ personal loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 5+ cash advance providers are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
If your only source of income is AISH, it’s possible to apply to a payday lender that accepts AISH as income. Make sure that you have proof that this is a steady source of income you can use towards repaying your payday loan, and consider alternatives, such as installment loans and cash advances, before getting a payday loan.
Compare payday loans in Ottawa along with alternatives like cash advance apps and installment loans.
Compare loans that accept KOHO when you apply for funding.
Compare a selection of apps and loans like iCash.
Find out which licensed lenders can e-transfer payday loans in Canada, including those that offer 24/7 funding.
Where to find loans like payday loans in Quebec, and how to choose the loan that’s right for you.
Need a small loan ASAP? Check out these cash advances and payday loans in Calgary.
Compare licensed payday lenders in Toronto, plus cheaper alternatives.
Your helpful guide to payday loan interest rates in Canada and how to compare loans on the market.
Find out what loans you can apply for after bankruptcy.
Where to turn when you need an instant loan, even if you have bad credit.
