If you receive income from the Ontario Disability Support Program (ODSP), you can apply for a payday loan, installment loan or early pay advance. Find out how to get fast funding from lenders that provide ODSP payday loans online or other ODSP loans.
Get small, zero-interest loans from these cash advance providers. You pay no interest on these cash loans, but you may pay either an optional or required monthly fee depending on the provider.
| ODSP loan provider | Interest rate | Loan amount | Loan term | Key features | |
|---|---|---|---|---|---|
 Cash Advance | No interest or fees to access cash advance, fee for express funding (varies based on advance) | $20 – $250 | Next pay cycle (61 days max.) | A fee applies if you want an instant transfer, No credit check, No late fees | |
 Credit Line | No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding | $30 – $150 | 30 days, extendable | Instant approval, no credit check and funding within 30 minutes with a monthly subscription | |
 Cash Advance | No interest but there’s a mandatory subscription fee starting at $2/month. | $20–$250 | Flexible | Easy application, no credit check, instant access to funds |
These personal loan companies accept applicants receiving Ontario disability income. Apply online and get funds transferred to your account quickly.
| ODSP loan provider | Interest rate | Loan amount | Loan term | Key features | |
|---|---|---|---|---|---|
 Installment Loan | 8.00% - 46.96% | $500–$50,000 | 4 - 60 months | Loan broker, largest lender network | |
 Installment Loan | 32.00% | $500–$2,500 | 3 - 6 months | Loan broker, pre-approval in 5 minutes |
Payday loans are easy to get but are very expensive and should be a last resort. These payday lenders offer instant approval, even for applicants receiving ODSP income. Look elsewhere if you can’t afford to repay the full amount with your next Ontario disability payment.
| ODSP loan provider | Interest rate | Loan amount | Loan term | Key features | |
|---|---|---|---|---|---|
 Payday Loan | Varies by province | $100 – $1,500 | 7 - 62 days | 24/7 approval and e-Transfer, accepts bad credit | |
 Payday Loan | Varies by province | $100 – $1,500 | 5 - 40 days | Instant approval, e-Transfer in as little as 15 mins, accepts bad credit | |
 Payday Loan | Varies by province | $100 – $1,500 | Up to 62 days | 24/7 loans, e-Transfers within 5 minutes |
| Province | Max. cost of borrowing a $100 payday loan | Cooling off period to cancel loan | Max. penalty for returned cheque or pre-authorized debit |
|---|---|---|---|
| Alberta | $15 | 2 business days | $25 |
| British Columbia | $15 | 2 business days | $20 |
| Manitoba | $17 | 48 hours excluding Sundays and holidays | $20 |
| New Brunswick | $15 | 48 hours excluding Sundays and holidays | $20 |
| Newfoundland and Labrador | $14 | 2 business days | $20 |
| Nova Scotia | $15 | Next business day (2 days for online loans) | $40 (default penalty) |
| Ontario | $15 | 2 business days | $25 |
| Prince Edward Island | $15 | 2 business days | N/A |
| Quebec | Limit of 35% AIR | N/A | N/A |
| Saskatchewan | $17 | Next business day | $25 |
There are several payday loans for ODSP online. Payday loans in Ontario have a maximum loan amount of $1,500, but you can’t borrow more than half your monthly income. You can get ODSP payday loans online the same day you apply, but watch out for steep interest rates.
Yes, e-Transfer is the most common funding method for online payday lenders. To get e-Transfer payday loans for ODSP in Canada, make sure your bank account is registered for Interac e-Transfer. E-Transfers can be sent and received any time, so it’s possible to get an e-Transfer ODSP payday loan late at night or on a weekend.
Licensed lenders that offer e-Transfer payday loans in Canada 24/7 and accept ODSP income include:
It’s possible to get your ODSP payday loan e-Transferred within minutes after submitting your contract. But no matter which payday lender you choose, getting funds this fast isn’t guaranteed, because e-Transfer is subject to your bank’s processing limitations.
Yes, there are many lenders who offer ODSP payday loans online within the same day of applying. Some of the fastest payday lenders can fund you in as little as 2 minutes after approval via e-Transfer. Here is a list of lenders you can visit if you’re looking for quick ODSP payday loans online on the same day:
Be wary of Canadian lenders offering no refusal payday loans using your ODSP income. Legitimate lenders won’t approve your application without reviewing your finances. Be wary of lenders offering “no refusal” or “guaranteed approval” ODSP payday loans because it may be a scam or predatory.
That said, payday loans are very easy to qualify for, so it might still be worth applying even if your finances are not in the best shape.
Eligibility requirements for ODSP payday loans vary by lender, but generally, you’ll need to:
Not all lenders accept government disability income. Here’s a list of some popular payday loan providers in Canada who don’t offer ODSP payday loans. Some of these providers might accept private disability income but not government disability.
Yes, some lenders offer ODSP loans with no credit check, but you still need to show that you can afford to repay their loan. Not all lenders offer ODSP loans with no credit check. Those who do include Nyble, Bree, LoansLoans, Loan Express and My Canada Payday.
There are some ODSP installment loans online. Installment loan providers might offer larger amounts and longer terms than payday loans, but not many accept Ontario disability income.
With an ODSP installment loan, you use Ontario disability benefits as income to get approved for funding. Offered by online lenders, installment loans are personal loans with smaller amounts, higher rates and more flexible requirements than regular personal loans.
ODSP installment loans are unsecured, so you don’t need collateral like your car or home equity.
Compare ODSP installment loans
There are limited providers of early pay advances that accept ODSP. Early pay advances are smaller than payday and installment loans but might be easier to get approved for.
Eary pay advances are small loans, usually up to $250, that are designed to pay for emergency bills or avoid overdrafts. Early pay advance providers are open to many types of income, sometimes including ODSP. To increase your chances of approval, make sure your bank account has no NSF transactions in the last 90 days.
When comparing options, how do you know which is the right ODSP loan for you? Here are some factors to consider:
The requirements for ODSP loans and ODSP payday loans are similar. You must be at least 18 years old, a resident of Ontario, have steady ODSP income and have an active bank account.
The Ontario Disability Support Program (or ODSP) covers the costs of basic needs (like food, clothing, shelter and prescriptions) for Ontario residents who have physical or mental impairments that affect their day-to-day functioning.
To qualify, you’ll need to be assessed by a medical doctor then assigned a caseworker who will manage your file. They’ll determine how much money you’re eligible for each month.
ODSP payments are deposited into your bank account around the last working day each month. After your application is approved, a case worker will reach out to discuss details of your benefits, including when your first payment will be sent. Here’s the 2024 ODSP payment schedule for recent and upcoming payments:
According to the Finder: Consumer Sentiment Survey Q2 (2023), 44% of respondents used a payday loan in the first three months of 2023. While 15% of respondents only used a payday loan once during this time, more than 1 in 5 (21%) used two payday loans at the start of 2023. Another 7% used three payday loans, while 2% relied on four or more payday loans at the start of 2023.
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