Can I get a loan with no income?

You can get a no income loan from apps like KOHO . KOHO offers cash advances with no proof of income required.

Can I get a payday loan if I have no job?

It depends. If you have no job but still have a steady form of income, such as employment insurance, disability payments or a pension, there are lenders who can approve you. Lenders look at your income to determine if you can repay your loan.

Can you get a payday loan on benefits?

Yes. Payday lenders can accept benefits as a valid source of income. However, lenders differ in the benefits they accept, so before applying, check if the lender you're interested in accepts the income you have. Learn more about payday loans for government benefits .

How can I get a loan in Canada without a job?

To get a loan in Canada without a job, you need to show that you have some means of repaying the loan, either through government unemployment benefits (like EI) or any other type of money coming in regularly—even if it's not employment income. Lenders offering loans for the unemployed just want to see that you'll be able to pay back the loan.

Where do I find online loans for the unemployed with no credit checks?

Online loans with no credit checks can usually be found among payday lenders and car title loan providers. Loans with no credit checks often come with very high interest rates because lenders will assume you are a risky borrower. Conducting a credit check is a standard practice for lenders in Canada, and it's a way for them to evaluate if you can manage your debt payments. Lenders who don't do credit checks will hone in on the stability of your income by looking at your bank statements.