Payday Loans For Disability Income: Lenders' Requirements and More

Getting a cash advance via payday loans is easy for people with good credit or a secured job; however, if you're on disability income, you may be wondering if you can't take a loan as well. 

Approximately 22% (6.2 million) Canadians live with some form of disability, and if you're amongst the population that receives government aid, there's good news. People on ODSP payments can apply for payday loans; however, their requirements differ slightly from those of regular borrowers.

This article will reveal more information about payday loans for disability income, revealing lenders' requirements and more crucial information. Read on!

What is Disability Income?

Disability income is a type of financial aid people receive from the government when they cannot work due to a disability. These disabilities can be caused by an accident, injury, illness, sickness, or medical condition, prompting the government to assist these citizens.

While the most popular form of disability income is government aid to Canadian citizens, it can also come from other sources. These additional sources include employers, Social Security, and private insurance companies. 

The amount and duration of disability income depend on the policy and the definition of disability, which can vary substantially. Nevertheless, several payday lenders are willing to work with borrowers under disability income.

Can you Get Payday Loans for Disability Income?

If you are on Social Security disability benefits, you may wonder if you can qualify for a payday loan. A payday loan is a short-term loan you must repay on your next payday, usually within two to four weeks. 

This short-term loan is primarily used by people who need cash urgently for unexpected expenses or emergencies. Some emergencies include paying for repairs, groceries, rent, etc., which the cash advance can usually cover.

By applying for a loan at Credit Club Loans, you receive up to $1,500 in advance cash to settle your emergency costs. Nevertheless, the answer is yes; you can get a payday loan on disability, but some lenders' requirements may differ slightly from regular borrowers.

Lenders’ Requirements for Payday Loans for Disability

Payday loans are known for having flexible requirements, making them one of the most accessible loans to acquire in Canada. Nevertheless, the requirements are still worth noting, especially for people with disability income.

Here are what most lenders will look for when assessing your loan application:

Proof of Disability Income

The most crucial criterion to receive a payday loan is proof of recurring income; in this case, disability income is an ideal substitute. Presenting this detail lets the lender verify that you have a steady and reliable source of income that can cover the loan repayment. 

You can provide this proof of disability income with a bank statement that shows your monthly deposits or a letter from the Social Security Administration that confirms your benefit amount and frequency.

If you have a disability insurance policy, you can bring a document that details your coverage and benefits. Depending on the lender, you may need to provide copies of these documents or upload them online when you apply for a payday loan on disability.

Minimum Income Amount

It's important to note that different lenders have varying minimum income amounts before they can accept your payday loan request. This standard exists because the lender needs to ensure you can repay the loan on time and in full. 

The minimum income amount may vary depending on the lender since they have different criteria for different types of disability income, such as long-term disability, short-term disability, or workers' compensation. 

Before applying, you should check the lender's website or contact their customer service to determine the minimum income amount for your specific situation. Nevertheless, since most Canadian disability payments range between $558.74 and $1,538.67 per month, acceptance is possible.

An Active Bank Account

You also need to present an active bank account where your disability income is deposited and where the payday loan amount can be transferred. Lenders need it to deposit the loan funds and withdraw the loan repayment after the due date. 

An active bank account can also help the lender verify your identity and income information. Also, ensure the bank supports email transfer as that's the primary method most Payday lenders use to deposit the extra cash.

Credit Check

Before receiving your payday loan for disability, you may have to undergo a credit check to assess your creditworthiness and repayment ability. This credit history check will reveal how well you managed your previous debts and payments.

In Canada, a credit score lower than 670 is considered low and will affect your ability to secure a loan. Fortunately, Credit Club doesn't consider bad credit when providing payday loans to members.

As long as your credentials show that you have a recurring income and can repay the loan, you're most likely to get the loan. We are a standard option in Canada, with thousands of reviews confirming our reliable service and instant payday loans.

What to Expect Before Applying

If you are on disability and need extra cash, payday loans are a reliable option since they offer instant cash and up to $1,500. While these short-term loans have a repayment period of two weeks, they're easy to get, especially if they're within your income range.

However, before you apply for a payday loan, some essential factors must be considered. These include:


Not all lenders accept disability benefits as a source of income due to legal reasons or because they often fail to meet the debt-to-income ratio. Therefore, you must research the lender's criteria to determine whether you qualify for the loan.

Once you're confident that you meet the company's requirements for a payday loan, the next step is to ensure that you're comfortable with the loan terms. These terms include the loan amount, duration, and interest rates.

Most lenders have an interest rate ranging from $15 to $25 per $100 borrowed, but we at Credit Club offer payday loans at $15 to $17 per $100. As for duration, the debt will be reclaimed at your next paycheck or two weeks after taking the loan.

Application Process

Different lenders have different ways of processing payday loan applications, with some requiring you to fill out a form online, while others may ask you to visit a store or call a phone number.

Nevertheless, convenience should be your top priority when choosing a payday loan lender for disability income. The financial institution must also offer a fast application process since one benefit of payday loans is the instant cash advance.

Fortunately, we prioritize your time at Credit Club Loans by optimizing our loan process to last less than 30 minutes, from document analysis to funds transfer. In other words, we take less than 15 minutes to process your credentials and another 15 minutes to deliver the money via email transfer.

This speedy process ensures that you solve your emergency quickly without unnecessarily waiting.

Repayment Plan

After taking a payday loan, the last thing you want is a challenging repayment after the due date; in this case, it's best to have a repayment plan. Ultimately, ensure your next paycheck is sufficient to handle the repayment and daily needs.

However, if your funding is limited, we recommend borrowing only what you need and can afford since failing to repay a payday loan on time can negatively affect your credit score. Late repayments can also attract late fees, penalties, and even legal action if prolonged.

Consider family and friends if you need mine urgently but it's beyond your current financial capacity. They are more considerate about your situation and require little to no interest alongside the loan.

Pros of Applying for Payday Loans for Disability Income

Different loaning methods exist, but millions of Canadians have used payday loans for years due to their perks over other options. These include:

Easy Application Process 

You don't have to go through a complicated or lengthy process to apply for payday loans for disability income. If you choose an online lender, Credit Club, you can fill out an online application form with some information, such as your name, Canadian address, checking bank account, and proof of income. 

*Note: Credit Club Loans doesn't require its users to fax or mail any documents or visit a physical location for the loan process.

Fewer requirements than Traditional Loans

Payday loans for disability income are more accessible than traditional loans, which require a lot of paperwork, such as tax returns, bank statements, and credit reports. Payday loans usually only need a valid bank account, a regular source of income, and a good credit score, which is optional with Credit Club. 

However, it's worth noting that these requirements may vary depending on the lender; therefore, it's best to always check the terms and conditions before applying.

Easy to Get Approval

This financing method is fast and convenient, allowing you to apply for them anytime and anywhere, as long as you have an internet connection. You can also get a quick response from the lender, usually within 30 minutes of your request.

Once approved, the money should reach your bank account within 30 minutes by Credit Club standards. Depending on the lender, you can also receive up to $1,500 in advance cash, sufficient for most personal costs.

Unsecured Loans

Payday loans are Unsecured, meaning they do not require you to provide any collateral, such as your car or house, to secure the loan. Therefore, there's no risk of losing your assets if you fail to repay the loan. 

Even if you have bad credit or no credit history, you can still qualify for payday loans for disability income with Credit Club, as long as you can prove your income and ability to repay.


It's common to need financial assistance, especially after recovering from the previous COVID-19 pandemic. Finding this extra cash is more tricky for people on disability income, but fortunately, several payday lenders are willing to work with them. 

What matters is that they provide proof of recurring income, an active checking account, contact information, and proof of Canadian residence. Once presented, the loan will arrive in your bank account in less than 30 minutes, from application to withdrawal.

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Online Payday Loans Across Canada

Credit Club is proud to offer loans online to the residents of Ontario and British Columbia. Citizens of Toronto or Ottawa can apply online from the comfort of their home and receive the funds usually the same business day. Canadians from Vancouver and Victoria know they can be approved even if they have less-than-perfect credit. Citizens of Hamilton and Mississauga can apply online in minutes and get instant approval.

Understanding our loan fees

Ontario and British Columbia : We charge $15 per $100 borrowed. Example of the total cost of the loan, for a $300 loan the cost of borrowing will be $45 and the payback amount $345.

Nova Scotia : We charge $15 per $100 borrowed. Example of the total cost of the loan, for a $300 loan the cost of borrowing will be $45 and the payback amount $345.

Annual Percentage Rate Disclosure

Ontario and British Columbia : Annual Percentage Rate (APR) varies from 90% to 391.07%. The minimum and maximum for repayment period is 62 days. For further details on APR, please refer to the FAQs and Pricing.

Nova Scotia : 391.07%.

Implications of non payment

Financial Implications - If a pre-authorized withdrawal is returned to Credit Club for any reason, including but not limited to "NSF" or "account frozen," it will be considered as a non-payment. In these cases you might be charged an NSF fee. You may also incur an overdraft charge from your bank. In addition, an annualized interest rate of 30% will accrue from the loan repayment date up to and including the eventual repayment date.

Collection Activity - We may attempt to collect any delinquent amount through our standard collection practices, which include contacting you by phone, mail or email. Our collection agencies recover monies owed to us in a professional manner and in keeping with all lawful collections practices.

Impact on Your Credit Score - If you do not repay your loan to Credit Club, your credit score may be negatively affected.

Renewal of your Payday Loan ? Credit Club does not offer automatic renewals on its payday loans.

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