Payday loans with government benefits

Your days of searching for a lender that accepts government benefits are over. It's easy to get approved with iCash. Whether you receive child tax benefits, disability support, or other types of financial assistance, we can work with you.

13.4K ratings

4.8 out of 5

21.3K ratings

4.7 out of 5

Customize your instant loan

Receive your money by 3:12 pm

Select the amount you wish to borrow

Minimum

$100

$750

Maximum

$1,500

Select province of residence

Number of payments

1

2

3

Loyalty program

Elite

New customer

Prestige

VIP

Cost summary

Cost

_$85^.50

Cashback

_$0^.00

Apply now and receive your money by e-Transfer at no extra cost.

Payday loans for Canadians on benefits

In Canada, payday loans for people on government benefits are offered to individuals who receive income through a government program. These loans help you pay for expenses that you may not have accounted for. They offer immediate financial help to people who need quick cash right away.

Not every lender recognizes government benefits as a valid source of income to offer you loans. There are a few that do, so you should shop around and compare to see which lenders offer the best rates and loans.

These loans for welfare recipients in Canada are offered mainly by loan companies that accept benefits as a source of income. They are more accessible through direct lenders; you can apply both in stores and online.

Many Canadians opt for payday lenders online because they are more convenient, easy, and much faster to apply for, also they have more flexible requirements. As compared to other types of financial help, these loans are easily attainable and are preferred by Canadians from various economic backgrounds.

Anyone with government benefits, bad credit, or low income can get a loan between welfare payments.

You can apply for a payday loan while on benefits for up to $1,500. No matter how much you borrow, you’ll need to pay a maximum borrowing fee for every $100 you take out.

Repayment* for these loans tends to be shorter than other forms of personal loans and lines of credit. Borrowers are given anywhere from 14 days to 62 days to pay back their money loan, depending on the province they reside in.

The process of applying for a loan in Canada is quite simple and convenient. Because of their speedy application process and quick turnaround time, loans for those on benefits are highly demanded and relied on by many for short-term financial relief.

Payday Loans for those on Benefits

Here are the different types of payday loans for those on benefits that are available based on various government programs that offer monthly income to Canadians:

Type of Loan	Description
Payday Loans for Unemployed on Benefits in Canada	If you receive unemployment income from EI, you can apply for a loan for unemployed. The minimum amount required is $800, and you should be receiving employment insurance benefits for at least three months.
Payday Loans for Disability Income in Canada	If you receive government assistance due to short or long-term disability, you can use the funds to apply for a cash advance or loan for disability benefits. The requirements stay the same as any other short-term loan.
Payday Loans that Accept Child Tax	If you have children and receive child tax benefits, you can use the monthly payments and show them as income. The only catch is that you should be receiving at least $800 minimum collectively for your child(ren).
CPP Payday Loans	If you receive a pension amount of at least $800 per month and have been retired for at least three months, you can also take advantage of a payday loan for pensioners.
AISH Payday Loans	You can get a payday loan when you are receiving AISH benefits. Get the funding you need to pay for unexpected emergencies.
ODSP Payday Loans	Residents of Ontario can apply for a loan while they are on ODSP. As long as they meet the minimum requirements, they can borrow up to $1,500.

Loan eligibility requirements differ from lender to lender, based on the risk they are willing to undertake. Compared to other financial products, payday loans for those on welfare have limited qualification requirements making it easy for most people to be approved.

Loan companies that accept benefits usually approve 90% of applications, but it still doesn’t mean that approval is guaranteed. No reputable lender will make that promise; however, it is still much easier to get approved in Canada for a payday loan for government benefits regardless of your credit score.

Get a loan with your benefits in any of these provinces of Canada!

in Alberta, Ontario, British Columbia, New Brunswick, Manitoba, Nova Scotia, Prince Edward Island.

Apply Online

If you’re on government benefits, you can still get an instant loan with us! Select your desired loan amount, repayment plan* and provide some personal details.

2

Instant Decision

Our online loan application will tell you if you’re approved instantly. Even on government benefits, you can get approved. If you are, all you need to do is digitally sign your agreement.

Get a decision instantly after completing our paperless loan application.

3

Get Funds

Once you electronically sign your agreement, your funds will be sent by e-Transfer within 2 minutes. Funds are sent 24/7, even on weekends and holidays!

Receive your money by e-Transfer within minutes of signing your agreement.

We help Canadians get their finances back on track

$145 Million

saved by iCash customers since 2016

45,000+

positive reviews

$7,600,000+

given in Cashback

1.6 Million

online loans issued since 2016

700,000

downloads of the iCash App

Frequently asked questions

Can I get a loan on benefits?

Yes, if you have been receiving government benefits for the last three months, and you have a net income of at least $800/month deposited in your account, you can get a loan while on benefits. We accept many forms of government benefits, including disability benefits, pension benefits, ODSP, AISH benefits, child tax credit, employment insurance, etc.

What do I need to qualify for a payday loan while on government benefits?

To be eligible for a payday loan with government benefits, you need to meet the following requirements:

Be at least 18 years old (19 years old for applicants in British Columbia, New Brunswick, Nova Scotia).
Be a resident of any of the provinces in which we operate.
Show that you have been receiving the same source of income for the past three months.
Have a total net income of at least $800/month.
Have access to an online bank account.
Have a valid mobile phone number, address, and email address (VoIP numbers are not accepted).

Can I get a loan while on benefits if I have bad credit?

Even if you are on benefits and have a bad credit history, you can still apply for a loan on benefits with us.
Loans for people with bad credit or no credit history can still be approved for up to $1,500.

How much can I borrow if I am on government benefits?

In Canada, you can borrow anywhere from $100 to $1,500 with a payday loan with government benefits! On occasion, you may receive approval for a lower loan total than you requested. This happens when a responsible lender decides to only provide you with an amount of money you will comfortably repay on time.

Have more questions? Check out our full FAQ.

Borrow up to $1,500 today!

iCash has helped more than 850,000 Canadians get instant loans online without hassle. Download our mobile application today!