Online Payday Loans That Accept Disability Canada

Did you know?

• 6.2 million (22%) Canadians aged 15 and older had a disability.
• Women (24%) and men (20%) live on disability benefits in Canada.
• The majority of people have two or more types of disabilities, one disability type (29%) and two or more types of disabilities (71%).
• 13% of youth (age 15-24), 20% of working-age (25-64), and 38% of seniors (65 and older) are unrolled in disability benefits programs in Canada.

Source: Statistics Canada

Living on benefits? You can still apply for a loan!

Are you living on benefits in Canada? And looking for loans for people who are disabled? All your search stops here! At PaydayMart, we offer instant and online payday loans that accept disability by which you can get approval in minutes and funds by e-Transfer in 2-5 mins*.

At any moment in life, we all might need extra cash, but what if you are disabled and unable to work? Getting loan approval from traditional banks and lenders can be challenging because they do not accept disability income.

In such instances, our lenders offer disability payday loans in Canada that are easy to apply, funded fast, affordable, and available 24/7, even on weekends, unlike traditional banks.

What are payday loans?

Payday loans are short-term loans that allow one to borrow a small amount of money ranging between $100 and $1,500 at high interest rates. People of Canada can apply for payday loans through high-street stores and internet sites. Applying for payday loans online is typically easier, hassle-free, and faster to get funds on time.

Compared to traditional banks and lenders, payday lenders offer loans at lenient terms and sometimes skip the credit checks. That is why people with bad credit, no credit, or who receive alternative sources of income, such as benefits, tend to apply for payday loans.

Do payday loans accept disability in Canada?

Yes, you can get payday loans even if you are currently living on income receiving disability benefits like ODSP and AISH. Typically, most payday lenders accept all types of income sources to approve a loan. Still, depending on disability income, you'll likely have fewer options for lenders.

Additionally, payday loans charge high-interest rates, which makes this an expensive way of borrowing money. The best solution is to compare the lenders with each other and choose a loan offer at lower interest rates. Before applying, ensure you have enough income from your disability benefits to repay your loan on time.

How can I get an online payday loan while on disability?

Applying for payday loans for disabled people is easy and fast with PaydayMart. Follow our 3-step simple online application process below, and you'll get your money by e-transfer after approval.

• Complete our online application: Our online application takes a few minutes to complete and asks only your basic information. Just fill it out and receive an instant decision in minutes.
• Receive instant decision: Within a few minutes of submitting your application, one of our lenders will contact you with the best possible loan offers if you are approved for a loan. Generally, your loan offer carries your loan terms and conditions, repayment period, and interest rates. Carefully read it, and if you find all well, accept it by electronic sign and send it back to your lender email.
• Get your money in minutes: After you accept your loan offer, your funds will be directly e-transferred to your bank account within 2-5 minutes (subject to your banking clearance).

What do I need to apply for an online payday loans that accept disability in Canada?

To be eligible for a disability payday loan in Canada with PaydayMart, you must first meet the following basic requirements:

• Be at least 18 years or older.
• Be a citizen or resident of Canada and your respective province.
• You must prove that you receive the disability income and can afford the loan.
• Have an online bank account in Canada that receive online money transfer with active Interac e-Transfer®.
• Have a valid mobile phone number, residential address, and email address.

What to consider before apply to payday loan for the disabled in Canada?

Ask yourself the following questions before applying for a payday loan with your disability income:

• How much do you need to borrow? Evaluating your actual cash requirements and how much you want to borrow is essential. In this way, you can lower the cost of your loan by avoiding paying extra interest payments.
• How much can you afford to repay quickly? Another crucial factor is to ensure that you can afford the repayment of your loan on time or not. Late payment or non-payment of your loan could negatively affect your credit score and worsen your financial condition.
• Compare and find the best lender and loan offer: Experts recommend comparing as many lenders as with each other before applying based on loan terms, rates, and other requirements. It helps you to crack a suitable loan deal.
• Check your eligibility before applying: Once you find the best loan for your cash needs, make sure first to check your lender's eligibility requirements. Many applicants apply without meeting the eligibility criteria and later face loan disapproval.
• Apply for the loan: Be ready with requirement information to speed up the application process and ensure they are up-to-date. A single error in your application could result in a loan being declined.

Which benefits count towards my income in Canada?

Your loan approval depends upon what kind of benefits you receive. Some lenders only accept long-term benefits, while others may consider a wide range of benefits, e.g., short-term and payday loans.

At PaydayMart, we offer instant approval payday loans and accept all benefits. No matter what kind of benefits you receive or what amount of income you earn from your benefits, our lenders mainly focus on your loan affordability. They check if you can repay your loan on time without more troubling your finances or not.

In most cases, the panel of lenders recognizes the following benefits as a regular source of income:

• Social Assistance
• Canada Child Benefits (CCB)
• Employment Insurance Benefits (EI)
• Old Age Security Benefits (OAS)
• Canada Pension Plan (CPP)
• Assured Income for the Severely Handicapped (AISH)
• Ontario Disability Support Program (ODSP)
• Quebec Pension Plan Benefits (QPP) And,
• Disability Income.

The above list shows the widespread benefits commonly used by people living on benefits in Canada and successfully getting loan approval. However, new benefits frequently are introduced, terms and payments of benefits are changed, and it is subject to the Canadian government.

Can anyone in Canada who is disabled get a payday loan?

Absolutely yes. Our payday lenders are mainly willing to work with those Canadians who are often denied loans from traditional banks or lenders. Payday loans are short-term and small-amount loans, which make them more accessible for both borrowers and lenders to approve.

That's why payday lenders accept all income sources, including disability income, even people with bad or no credit.

However, remember that PaydayMart does not support "100% guaranteed approval" payday loans, and your application could be disapproved if our lenders think you are not able to repay your loan on time.

Apply Now