E-Transfer loans for people on disability

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 installment 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.

Jump to:

• Payday loans (instant e-Transfers, bad credit OK)
• Cash advances (instant e-Transfers available, no credit check)
• Personal loans (same-day funding available, bad credit OK)

Compare payday loans that accept disability assistance

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Cost	Loan Amount	Loan Term	Key Features
iCash Payday Loan	$14 per $100 borrowed	$100 - $1,500	7 - 62 days	Key features: 24/7 instant approval and e-Transfer, accepts bad credit	Go to siteMore info Compare product selection Compare	loading
Cashco Financial Payday Loans	$14 per $100 borrowed	$50 - $1,500	Up to 62 days	Key features: Instant approval, no credit check	More info Compare product selection Compare	loading
GoDay Payday Loan	$14 per $100 borrowed	$100 - $1,500	Up to 62 days	Key features: Instant approval, accepts bad credit	More info Compare product selection Compare	loading

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Compare cash advances for people on disability

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Finder Score	Costs	Loan Amount	Loan Term	Rebate	Key Features
Finder score 8.7 Great KOHO Cover	Finder score 8.7 Great	0% + monthly fee from $2	$20 - $250	Flexible	Key features: Instant, no credit check or income required	Go to siteMore info Compare product selection Compare	loading
Finder score 8.8 Great Bree Early Pay	Finder score 8.8 Great	0%	$20 - $500	Next pay cycle	Key features: Instant e-transfers, 24/7, no credit check	Go to siteMore info Compare product selection Compare	loading
Finder score 9.3 Excellent Nyble Credit Line	Finder score 9.3 Excellent	0%	$30 - $250	31 days, extendable	Use code CFIND1J to get 500 extra points and a $5 higher approval. T&Cs apply.	Key features: Instant e-transfers, 24/7, no credit check	Go to siteMore info Compare product selection Compare	loading

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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

Compare personal loans for disability income recipients

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Finder Score	APR Range	Loan Amount	Loan Term	Broker Compliance	Key Features
Promoted Finder score 8.8 Great LoanConnect Installment Loan	Finder score 8.8 Great	8.99% - 35.00%	$500 - $2,500	3 - 6 months	Note: LoanConnect is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.	Key features: Loan search platform, pre-approval in 5 minutes	Go to siteMore info Compare product selection Compare	loading
Promoted Finder score 8.6 Great Loans Canada Installment Loan	Finder score 8.6 Great	8.99% - 35.00%	$500 - $50,000	4 - 60 months	Note: Loans Canada is a loan search platform. Apply once to get matched with lenders based on your credit and borrowing requirements.	Key features: Loan search platform, largest lender network	Go to siteMore info Compare product selection Compare	loading
Finder score 7.1 Great MogoMini Line of Credit	Finder score 7.1 Great	34.37%	$300 - $5,000	Open	Key features: Quotes in 3 minutes without impact to credit	Go to siteMore info Compare product selection Compare	loading

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Compare other products

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How we picked these

Finder Score for personal loans

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.

Read the full methodology

Which are the go-to loans with e-Transfer payouts for disability income recipients?

There isn’t a single best loan that suits everyone—what might be best for one person might not be best for another. However, here are some well-known lenders that have a solid track record of financing people who receive disability benefits.

How do I get e-Transfer loans while on disability assistance?

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 apps 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.

Option 1: Online payday loans that accept disability assistance in Canada

These convenient (but pricey) loans have been around for decades.

Features

• Quick. You can complete the entire process online in as little as 30 minutes.
• Expensive. It’ll cost you $14 for every $100 borrowed.
• Small loan amounts. Borrow between $100 and $1,500. Learn more about small loans.
• Short loan terms. Payday loans 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 okay. If your credit score is below 560, you are still eligible.

Eligibility requirements

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

How to compare payday loans while on disability income

• Funding options offered. You can get your payday loan via e-Transfer, direct deposit or cash in-store.
• Speed and availability. If you need an emergency loan, choose a payday lender that gives instant approval and e-Transfer funding within minutes. If you’re applying outside of regular business hours and you need a payday loan fast, you may want to choose a lender that offers e-Transfer payday loans 24/7.
• Reputation. Read reviews from people who have taken out a payday loan from the lender. Watch out for a pattern of complaints.
• Accepts disability income. Check first if the lender accepts disability income, because not all lenders do. Some payday lenders may not accept government disability benefits but accept private disability income, while others may not accept any kind of disability income.

• Lenders who may not accept disability benefits

  To save you some time, here’s a list of lenders to avoid:

  • Mr. Payday does not accept government disability income, but it accepts private disability income.
  • PAY2DAY does not accept disability income.
  • Focus Cash Loans does not accept government disability income.
  • Wagepay does not accept disability income.
  • GoDay may not accept disability income.

Before you take out a payday loan using your disability benefits

• Know how much it costs. Payday loans are one of the most expensive ways to borrow money, with annual percentage rates (APRs) in the triple digits.
• Know your rights as a borrower. Each province has its own payday loan rules, such as maximum borrowing fees, fees for missed payments, cancellation period lengths and loan extensions. Choose a licensed payday lender that follows these rules.
• Ensure that you’ll have enough income left. Before taking out a payday loan, first check if you’ll have enough disability income left over to pay for other debts and expenses after you’ve repaid your loan.

How to apply for an online payday loan

1. Fill out the application online. Provide details like your name, address, phone number, email, housing situation and employment situation.
2. Get a decision. The lender’s automated system will review your application and provide a decision, sometimes within minutes.
3. Sign your contract. If you’re approved, you’ll be given a contract to sign and submit.
4. Get funded. Receive your funds via e-Transfer within minutes of submitting your contract.

Cash advance apps accept disability income and are a legit alternative

Cash advance apps target the same group of people who use payday loans.

Features

• Loan amount. $20 – $500.
• Varying loan terms. You might need to pay off your loan by your next paycheque, although some providers are open to extending the deadline.
• No interest or fee. These loans usually do not have interest or late fees, but you’ll pay a fee to get instant funding.
• No credit check. You won’t need to go through a credit check, so it’s possible to get approved with bad credit.
• Disability income is okay. Because these are very small loans that cap at $500, lenders are more open to many types of income, such as disability.

Cash advance apps vs payday loans: Which is better if you’re on disability?

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 low as $250. You save $35 if you choose the cash advance app.

Keep in mind that if you go with a cash advance app and opt to receive your money ASAP, an instant funding fee will apply, which will drive up the cost of your loan.

Third option: Installment loans that accept disability benefits

Banks and credit unions might not be an option, but there are alternative lenders you could consider.

Features

• Interest rates. Rates are typically between 18% and 35%. Your rate will depend on personal factors, like your credit score, income and debts.
• Pay in installments. You’ll make equal payments to your lender over time.
• Loan amounts. The range is usually $500 to $10,000.
• Loan terms. Term lengths last between 3 - 60 months.
• No prepayment penalties. You can usually 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. Learn more about the best bad credit loans.
• Disability income is okay. Not all lenders accept disability income, so check the lender’s requirements before you apply.

An installment loan is different from a payday loan, but they’re sometimes offered by the same lender.

Installment loans vs payday loans: Which is better?

Overall, installment loans are cheaper than payday loans. Installment loans have a maximum rate of 35% APR. Payday loans, on 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.

Can I get disability loans with no credit check in Canada?

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.

Can I get a loan with bad credit and on disability?

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.

How to increase your chance of approval if you have bad credit and disability income

To boost your chances, you’ll need to have the following in the last 90 days:

• Zero NSF transactions in your bank account
• More income coming in than money going out to pay debt
• Have no active payday loan debt

You might also want to try applying through a loan search platform like Loans Canada and LoanConnect to get matched with lenders.

Are Canadians in a stronger financial position now than 12 months ago?

If you’re facing some challenges with personal finances, you’re not alone. According to the Finder: Consumer Sentiment Survey January 2025, 30% of Canadians say they are not in a stronger financial position now compared to 12 months ago. This is slightly higher than January 2024, where 27% of Canadians said the same.

Questions to ask before you get a loan using your disability benefits

Before you apply or sign on the dotted line, ask yourself these questions:

• Can I afford it? Are you aware of the total loan cost and how it’ll fit into your budget? If you get a payday loan, will you have enough income left after repaying the loan?
• Is the lender legitimate? Make sure you apply to a licensed lender that’s transparent about how much the loan will cost you. Read reviews from people who’ve taken out a loan from the lender.
• Is the lender pressuring me? If the lender is putting pressure on you to sign a contract with them or doesn’t help you understand the loan offer, apply somewhere else.
• Do I know the payday loan regulations in my province? Protect yourself as a borrower by familiarizing yourself with the payday loan rules of your province.
• Have I considered alternatives? Before you apply for a payday loan, consider alternatives to a payday loan.

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 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.

Alternatives for people on disability income

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:

• Canada Grant Watch. Search for disability grants by category and eligibility type, plus find resources to learn more about how these grants work and how to increase your chance of approval.
• 211.ca. Get connected with information and services based on your needs.
• Canadian Pension Plan (CPP) Disability Benefits. If you’re under 65 years old and you were able to work and pay into your CPP for a time but are no longer able to work due to a disability, you may be eligible for this benefit from the federal government.
• Canada Student Grant for Students with Permanent Disabilities. If you’re a student with a disability in a designated post-secondary institution, you could be eligible for grants to help you with your education.

Bottom line

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 app or installment loans are better options for you.

Frequently asked questions

• Can people on disability get a loan?

  Yes. Payday loans have flexible eligibility requirements. As long as you have a steady source of income—and this includes disability income—payday lenders can consider you. Other loans you can apply for are installment loans, cash advance apps and lines of credit.

• How do you know if a payday loan that accepts disability is legitimate?

  A few things you can do are to check for a business licence, check if the lender abides by provincial regulations, read reviews and find its contact information. Look for transparency. A lender should not only be upfront about fees, but it should also be upfront about the product it's selling. It should be clear that it's a payday loan with APRs in the triple digits.

To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst as part of our fact-checking process.

Written by

Leanne Escobal

Publisher

Leanne Escobal is a publisher at Finder with more than 12 years of experience in financial products and services, with a focus on content strategy and marketing. She has completed the Canadian Securities Course (CSC®) as well as the Personal Lending and Mortgages course through the Canadian Securities Institute. Leanne holds a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio

Leanne's expertise

Leanne has written 175 Finder guides across topics including:

• Personal Loans
• Car Loans
• Business Loans
• International Money Transfers
• Make Money Online

Co-written by

Kellye Guinan

Writer

Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University. See full bio

Kellye's expertise

Kellye has written 21 Finder guides across topics including:

• Personal, business, student and car loans
• Credit scores
• Car financing
• Debt consolidation