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Get 1 hour loans with no employment verification in Canada

Here's how to get fast approval on a loan when you're currently unemployed.

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Wondering if you can get emergency loans with no job in Canada? Most lenders require employment income. But if you need money now, payday, cash advance or installment loan providers offer 1-hour loans with no employment verification in Canada. These no-income loans accept different types of earnings, so you don’t need a job to apply.

Compare personal loans you can get in 1 hour with no employment verification

Apply online and get funds quickly with these fast personal loans. Keep in mind, however, that personal loans take longer than cash advances and payday loans, and they could take longer than an hour. You’ll also need to present proof of a stable non-employment income.

1 - 4 of 4
Name Product CAFPL APR Range Loan Amount Loan Term Key Features
Loans Canada Personal Loan
9.90% - 46.96%
$300 - $50,000
4 - 60 months
Loan search platform, instant results, bad credit OK
LoanConnect Personal Loan
8.99% - 46.96%
$500 - $60,000
3 - 120 months
Instant offers, bad credit OK, no credit check loan available
Cashco Financial Flex Loan
20.00% - 48.99%
$500 - $7,000
6 - 60 months
Govt benefits OK, except welfare
Magical Credit Installment Loan
19.99% - 46.80%
$1,500 - $20,000
12 - 60 months
Accepts many types of income and bad credit
More Info
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Compare cash advance loans you can get in 1 hour with no employment verification

These cash advance providers offer small instant loans and don’t require a credit check.

1 - 3 of 3
Name Product CAFPL Fees Loan Amount Loan Term Key Features
KOHO Cover
0% interest with a subscription fee starting at $2/month
$20 - $250
Flexible
No source of income requirements
Nyble Credit Line
0% interest with optional fees
$30 - $250
30 days, extendable
Open to any type of income as long as it’s paid directly into your account
Bree Early Pay
0% interest with a $2.99 monthly membership fee
$20 - $350
Next pay cycle
Open to any type of income as long as it’s paid directly into your account
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1 - 4 of 4
Name Product CAFSL APR Loan Amount Loan Term Key Features
iCash Payday Loan
Varies by province
$100 - $1,500
7 - 62 days
Instant loans 24/7, accepts many forms of benefits and income
Cashco Financial Payday Loans
Varies by province
$100 - $1,500
Up to 62 days
All income types accepted, no credit check
Cash Money Payday Loan
Varies by province
$100 - $1,500
5 - 40 days
Instant approval and funding, accepts bad credit, accepts many incomes
More Info
Loan Express Payday Loan
Varies by province
$100 - $1,500
Up to 62 days
Instant loans 24/7, no credit check, accepts many incomes but not EI
More Info
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Get a payday loan in 1 hour with no employment verification

Payday loans offer instant approval and fast funding, but interest rates are extremely high. As such, payday loans should be a last resort if you need money now.

⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives. Maximum borrowing costs will vary by province. Review the maximum borrowing cost for your province before entering into a loan agreement.

How to get 1-hour loans with no employment verification in Canada

  • Show other sources of income like the Canada Child Benefit (CCB), employment insurance (EI), disability benefits, investment dividends, social assistance or a pension.
  • If you own a car or home, use it as collateral (this will take longer than an hour).

Types of loans for the unemployed in Canada

1-hour payday loans

Do you have no income and need money now? A payday loan is a small but expensive advance of up to $1,500 that’s possible to get without a job. You typically repay a payday loan the next time you receive income.

The fastest payday lenders in Canada offer 1-hour loans with no employment verification. You’ll just need to make sure your bank account accepts Interac e-Transfer, which is the fastest funding method.

Stopwatch clock icon Tips for getting 1-hour payday loans
  • Submit your application during business hours, or apply to lenders that do e-transfer payday loans 24/7.
  • Check for errors on your application.
  • Login to online banking to verify the financial information on your application. This is usually required for instant loans with fast approval.
Yellow warning symbol with black exclamation point. What to watch out for

The biggest drawbacks of 1-hour loans with no employment verification are the cost and short repayment terms. Payday loans have a steep borrowing fee between $14 to $17 for every $100 borrowed, and you’ll repay it fully by your next payday.

Before applying for 1-hour payday loans using non-employment income, make sure you can afford to repay the loan and cover your other expenses. Otherwise, you may need another loan.

1-hour installment (personal) loans

Offered by online lenders, installment loans come with lower rates and larger amounts than payday loans (often between $500 and $10,000), but the rates are typically higher than regular personal loans.

You need to provide proof of income, but non-traditional earnings are often acceptable. Some lenders accept government benefits like CCB, disability or EI.

Personal loans can be much quicker than other types of loans but might take longer than 1 hour to process. Alternatively, car title loans (like those offered by Get Loan Approved) depend on vehicle equity more than your income, which might increase your chance of approval.

Stopwatch clock icon
Tips to speed up the process and get your loan as fast as possible
  • Submit your application in the morning on a business day.
  • Check for errors on your application.
  • Log in to online banking to verify the financial information on your application. This is usually required for quick approval personal loans.
  • Get your bank information beforehand — transit (branch), institution and account numbers — from a void cheque or direct deposit form.
Yellow warning symbol with black exclamation point. What to watch out for

Repaying installment loans takes longer than repaying payday loans and cash advances, which means you could pay more interest over time. Plus, the more you borrow, the harder your credit score will be hit. So ensure you can afford repayments, and only borrow what you really need.

1-hour cash advance apps

Cash advance apps give access to small loans of up to $350. You pay no interest on these cash loans, but you may pay a monthly subscription fee. It’s possible to get an instant cash advance in Canada with any type of income. Although it’s possible to receive funds in as little as 1 hour, there might be an extra fee for fast transfers.

Stopwatch clock icon
Tips to speed up the process and get your loan as fast as possible
  • Pay the extra fee to get your funds transferred more quickly.
  • Download and sign up on the cash advance app well ahead of when you think you might need a loan, so there are fewer delays when you need a loan later.
Yellow warning symbol with black exclamation point. What to watch out for

Cash advance apps only offer small amounts of funding. If you need to borrow more than a few hundred dollars, you’ll have to look elsewhere. Unlike payday loans and installment loans, you might need to pay subscription fees to use cash advance apps.

Can I get 1-hour loans with no employment verification with bad credit?

If you have steady non-employment income and need money now, there are 1-hour loan options available even if you have bad credit. These include cash advance apps and payday loans.

Some installment loans have flexible eligibility criteria and accept borrowers with bad credit and non-employment income. Connect with suitable lenders using an online loan search platform like Loans Canada and LoanConnect. Fill out a free, no-obligation application and get matched to lenders from among a large network of loan providers.

Compare installment loans

How common is it for Canadians to be denied a loan because of income?

In the Finder: Consumer Sentiment Survey January 2024, respondents were asked to select the main factor why a previous personal or car loan application was denied. It turns out that 5% of respondents cited not meeting the loan income requirements as the primary reason for being denied.

How to compare unemployment loans in Canada with no job verification

Before you apply for a loan without proof of income, compare lenders based on the following factors:

  • Interest rates. Low interest rates can save you thousands of dollars in interest over the course of your loan.
  • Fees. Keep an eye out for NSF fees, late payment fees, origination fees and prepayment penalties. Steer clear of lenders that require a fee before providing a loan.
  • Term. Choose a repayment period that suits your budget. It should be long enough to make monthly payments affordable but short enough to avoid paying exorbitant interest.
  • Repayment conditions. Find a lender that will work with you to set the best terms for your loan, including renegotiating payments if you’re struggling financially.
  • Customer service. Check customer ratings or comparison sites like this one to see which lenders are reputable and trustworthy.
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Expert insight

"Make sure you read the terms and conditions of any loan agreement that you sign. If you don’t understand anything, ask questions. The last thing you want to do is sign anything in a hurry and not know what you’re signing up for."

Editorial Review Board

How to get a loan without a job

If you’re in between jobs but have a strong record of repaying your loans on time, you can apply for unemployed loans in Canada. Follow these steps to learn how to get a loan without a job:

  1. Check your credit score. If you want to figure out if you qualify, you’ll need to check your credit score. The higher your credit score, the higher your chances of getting approved.
  2. Compare lenders. Next, compare lenders that offer no-income loans in Canada to find the best interest rates and terms for you. Compare installment loans and payday loans.
  3. Fill out your application. When you find the right combo, apply with your personal details.
  4. Verify your identity. You’ll be required to prove your identity by submitting government-issued ID. You may also need to submit your bank statements.

Will loans become more affordable in 2024?

Graph Trending Down IconThe Canadian federal government recently approved lowering the criminal interest rate — the maximum allowable APR — from 47% to 35% as of January 1, 2025 to combat predatory lending practices. Bad credit borrowers are particularly vulnerable to entering a cycle of debt by getting high interest loans they cannot repay.

When the maximum rate lowers, borrowers will pay less interest. But it could also encourage lenders to become more strict, making it harder to get a personal loan. Time will tell if the new rate protects borrowers from exploitation or prevents them from getting much needed funds.

Other loans with no employment verification

Below are other financing options to consider if you want a loan without of proof of income:

  • Credit card cash advance. To get funds in less than 1 hour, visit an ATM to withdraw cash from your credit card. Be aware that credit card cash advances are costly. You could pay over 20% interest of the amount you borrow plus a fee. Interest accrues the moment you withdraw.
  • Car title loans. Use your car as collateral to get a loan with no employment verification. Your car must be paid off, and if you don’t repay the loan, the lender can keep your vehicle. This loan will take more than 1 hour.
  • Pawn shop loans. Use an asset as collateral to borrow 20-60% of its value. If you don’t repay the loan, the lender keeps your asset. You can get this loan in less than 1 hour.

Can I get no-income loans in Canada?

It’s possible to get a loan with no income in Canada if you get a credit card cash advance or pawn shop loan. However, it’s not recommended that you get a loan without some form of income to repay it, as this could further strain your financial situation.

FAQs about 1-hour loans with no employment verification in Canada

Stacie Hurst's headshot
Sean Cooper's headshot
To make sure you get accurate and helpful information, this guide has been edited by Stacie Hurst and reviewed by Sean Cooper, a member of Finder's Editorial Review Board.
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Written by

Publisher

Leanne Escobal is a publisher for Finder. She has spent over 11 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio

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