ODSP and Disability Income Payday Loans

Minimal Requirements

There are very few requirements for eligibility for an online payday loan that accepts disability benefits in Ontario.
Briefly, those requirements include:

• You must be at least 19 years of age as of your application date.
• You must be a Canadian citizen, and a resident of one of the provinces in which we operate, which are: Alberta, British Columbia, New Brunswick, and Ontario.
• You must have been receiving the same source of income for the past 3 months.
  - In the case of ODSP or Ontario Works payments, pensions, OAS, and other sources of income, your “mix” needs to have been the same for the past 3 months. Employment income for one month and ODSP benefits for 2 months aren’t sufficient, you’d have to wait another month to be eligible.
• You must have a combined net income of at least $800/month.
  - This includes income from all sources – employment, pensions, and social income assistance benefits like ODSP or Ontario Works included.
• You must have a Canadian bank account that has been open for at least 3 months, and access to online banking functions.
• You must have a valid mobile phone number, email address, and home address.

Low Interest Rates

As an online lender, iCASH can operate with a relatively low overhead expense. We don’t have branch offices, for example, so we don’t pay rent or leases on hundreds of locations around Canada. All of this means savings, and that we can pass these savings on to you, in the form of highly competitive, low interest rates on our payday advance loans. This is especially important for those receiving disability benefits through ODSP and Ontario Works programs – you want to make sure your money goes as far as possible.

ODSP Payday Loans Solution

We provide payday loans for people on ODSP, Ontario Works & Disability Income which you can apply for anytime, 24 / 7. The convenience and speed with which you can apply for and receive a loan helps ensure you put the rest of your time to good use.

The convenience aspect of completing your loan application online is especially important for those who are on ODSP, since many people with disabilities find it hard to travel, and traditional payday lenders require one or more visits to a branch office, paper forms, notarization, faxing, mailing, and other hassles. This can be especially difficult, if not impossible, for those who are disabled particularly so in the snow and ice which Canadian winters are well known for. With iCASH, all of that hassle and trouble is cut out of the process.

Flexibility to Meet Your Needs

iCASH believes that every individual that’s receiving ODSP, Ontario Works & Disability Income benefits is different and has distinctive needs. So why should a cash loan be a one-size-fits-all proposition? It shouldn’t! That’s why we let you choose how much you want to borrow, anywhere from $100 to $1,500.

We also provide you with different options on how you like to pay back your loan. You can choose from a single lump sum repayment at your next ODSP or Ontario Works benefit period or spread out the repayment schedule over 2 or 3 periods.

This provides you with the flexibility to best suit your financial situation. And what’s more, we don’t ever charge you a higher interest rate just because you need 2 or 3 installments to repay the loan.

A Focus on Customer Loyalty

When you take out an ODSP payday loan, we want to make sure that your experience with iCASH is nothing short of excellent, in addition to being fast and easy. We want you to come back every time you need to borrow money, should the need come up in the future.

When you apply for a loan, you get a free membership account to our site. This provides you with access to information and tools to help manage your finances.

At the same time, you’ll be enrolled into our rewards program, which provides you with cash back. The way it works is, the more loans you take out and repay back on time, the more cash back you earn. It’s just our way of saying “THANK YOU!”.