Receiving disability benefits and looking for a loan? There are many options to apply for online, and you can receive the money within minutes via e-Transfer.
Payday loans tend to be popular since they’re easy to get, but they might not be the best option since they’re extremely expensive. If you’d prefer to avoid them, you could apply for a cash advance or personal loan instead.
Compare a variety of options available to you in this guide, and when you’re ready, apply online to receive your e-Transfer today.
| Lender | Cost | Loan amount | Loan term | |
|---|---|---|---|---|
Cash Advance |
0% + monthly fee from $2 | $20 – $500 | Flexible | |
|
Exclusive
+ Get a $75 digital Visa card when you open and fund a new KOHO account online through Finder as a first-time customer. Become a Finder member in seconds for free. Keep the account open until February 15, 2027. Offer ends December 30, 2026. T&Cs apply. |
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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 |
| Licensed payday lender | Interest rate | Loan amount | Loan term | |
|---|---|---|---|---|
Payday Loan |
$14 per $100 borrowed | $100 – $1,500 | 7 – 62 days | Go to site |
It depends on your needs, because there’s no single best loan that suits everyone. However, here are a few options worth a look:
| Loan | Why it might suit a disability income recipient |
|---|---|
| KOHO cash advance |
|
| Bree early pay |
|
| Nyble credit line |
|
iCash provides 24/7 instant funding online and accepts disability benefits. However, since it’s a payday lender, it’s not an ideal option.
You can get a loan while receiving disability benefits by applying to licensed or registered lenders that operate online. These can be payday lenders, cash advance lenders or personal loan lenders. Make sure your bank account is registered to send and receive e-Transfers, which you can do on your bank’s website or app.
Learn more about each type of loan below.
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Cash advances are designed for the same borrowers who typically turn to payday loans.
Which loan is better depends on your situation, but generally, payday loans should be a last resort. For example, a $250 loan from a payday lender will cost you $285 in total, while a $250 loan from a cash advance app with optional fees will cost you as little as $250. You save $35 if you choose the cash advance app.
If you go with a cash advance app but opt to receive your money ASAP, an instant funding fee will apply, which will drive up the cost of your loan.
Banks and credit unions might not be an option, but there are alternative lenders you could consider.
An installment loan is different from a payday loan, but they’re sometimes offered by the same lender.
Overall, installment loans are cheaper than payday loans. Installment loans have a maximum rate of 35% APR. Payday loans, on the other hand, have over 300% APR. Installment loans also let you break up your payments, which could help your monthly budget.
One drawback is that installment loans have stricter eligibility criteria. Unfortunately, lenders of this type of loan are less likely to accept disability income.
Yes. Some lenders in Canada, such as Cashco, Bree and KOHO, accept disability income and do not perform credit checks. You’ll need to show these lenders you have recurring disability income by providing access to your bank statements.
Make sure to apply to a legitimate lender in Canada, and watch out for payday loan scams.
Yes, you can still get a loan if you have bad credit and are currently on disability. Be prepared to pay high rates though; lenders who accept riskier applications charge more interest precisely because they are taking on more risk.
To boost your chances, you’ll need to have the following in the last 90 days:
You might also want to try applying through a loan search platform like Loans Canada and LoanConnect to get matched with lenders.
Data from Finder’s Consumer Sentiment Surveys reveal a steady decline in Canadian financial confidence, with a growing number of people feeling worse off than before. In fact, nearly 4 in 10 Canadians now report that their finances have taken a hit.
Before you apply or sign on the dotted line, ask yourself these questions:
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 besides disability payments), your credit history and other factors. If your income is low, you have too many debts, or you have fair or bad credit, you’ll be considered high risk to lenders and will likely be charged a high rate.
You aren’t limited to borrowing when you’re on disability and need extra funds. Grants and benefits are other options to consider—and the best part is that you don’t have to repay them.
For example, if you need money to buy assistive devices or make your car or home more accessible, you may qualify for government funding or grants from private companies. (For example, some car manufacturers offer special offers for those who need to modify their vehicles for accessibility purposes.)
Here are a few resources to get you started:
Disability benefits in Canada include:
We searched the marketplace for lenders that accept disability income and gathered them in the tables below. Many lenders don’t accept government disability benefits, so options may be more limited, but we update these tables whenever we find a new lender.
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.
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.
Online payday loans that accept disability assistance are readily available in Canada, and some lenders don’t conduct credit checks. However, these loans have very steep interest rates. Before signing on the dotted line, check for a payday loan licence, know the cost of the loan and make sure you have the money to pay it back. Also, consider whether cash advance apps or installment loans are better options for you.
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.
