Get No Employment Verification Loans in Canada

Need a loan but don't have a traditional job? Don't worry - you've still got options in Canada.

Most lenders want to see some form of income before approving a loan. While they might not need employment verification specifically, they'll typically want to see bank statements or use instant bank verification (IBV) to confirm you have money coming in regularly.

If you're between jobs, receive government benefits, or have non-traditional income sources, you can still access financing - you just need to know where to look.

Is it possible to get a loan without employment verification?

Yes, absolutely. Canadian lenders offer loans without employment verification, but you'll need to show alternative income like:

• Employment Insurance (EI)

• Government assistance

• Pension payments

• Child benefits

Lenders look at your overall financial picture - not just employment. They'll check your debt levels and financial stability to make lending decisions.

1. KOHO

KOHO offers Cover, a zero-interest cash advance up to $250, depending on eligibility. All you have to do is sign up for a KOHO account. Then, subscribe to Cover starting as low as $2 a month for the monthly subscription fee, and you can easily access your cash advance funds right away in-app or withdraw them from an ATM.

Plus, the more you make use of KOHO for everyday spending and repay your monthly Cover fees on time, the more likely you'll be able to increase your Cover limit.

Need more than what Cover provides? KOHO's line of credit gives you access to $1,000-$15,000, provided by Fora. It's a good option when traditional banks aren't available.

2. Nyble

Nyble allows users to access up to $250 for their balance protection insurance.

Cost Structure: Paid Membership

Cost: $11.99/month

Payment due date: 31 days following drawdown

3. iCash

Users can get loans up to $1,500.

Cost Structure: Flat Fee

Cost: $14 per $100 borrowed

Payment due date: Next payday or up to the maximum 62-day period

4. PAY2DAY

PAY2DAY provides payday loans of up to $1,500.

Cost Structure: Flat Fee

Cost: $14 per $100 borrowed

Payment due date: Next payday

5. Woveo

Users can access a cash advance of up to $250 with a premium plan.

Cost Structure: Paid Membership

Cost: $10/month per user

Payment due date: Monthly payments over 12 months

Personal installment loans

These are your best bet compared to payday loans. They offer:

• Lower interest rates (typically 9.99% to 35%)

• Higher loan amounts ($300 to $35,000+)

• Longer repayment terms

• More manageable monthly payments

How to qualify when you're unemployed

ID Requirements

You'll need to provide government-issued photo ID such as:

• Canadian passport

• Driver's license

• Permanent resident card

• Health card with photo

Your Social Insurance Number (SIN) may also be required.

Proving Your Income

Without employment, you'll need to show income from other sources like:

• Canada Child Benefit (CCB)

• Canada Pension Plan (CPP)

• Old Age Security (OAS)

• Disability Tax Credit (DTC)

• Social assistance programs

Banking requirements

An active Canadian bank account is essential for two reasons:

1. To set up automatic loan repayments

2. To verify your income

Lenders typically verify your banking information through:

• PDF bank statements you provide from your online banking

• Secure instant verification platforms like Flinks or Plaid that give lenders a simplified view of your transaction history

With these alternatives, being unemployed doesn't have to mean you can't access credit when needed - just be prepared to show your alternative income sources.

Disclaimer: Pricing and terms are based on publicly available information as of July 2nd, 2025 and are provided for comparison only. Accuracy is not guaranteed.