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Are Fast Online Loans Available for ODSP Recipients?

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Are Fast Online Loans Available for ODSP Recipients?

We often associate fast online loans with financial emergencies as we await our next paycheck. Although they do serve this purpose, they're not just used by employed workers. Those who depend on disability can also apply for ODSP payday loans online and receive funding quickly. Regardless of whether you're working, if you'll have the money to pay your loan back, payday loans are available for you, too.

ODSP Payday Loans

For online money lenders, most of our clients experience unexpected expenses and need a quick loan before payday. This situation is universal because it shows the lender that money to repay the loan is on its way. For those who don't have regular income coming in, securing a loan could be tricky. However, that's not the same circumstance as those who qualify for Ontario Works and disability income.

If you receive disability income, in the eyes of iCASH, it works the same as a paycheck — it shows that you'll receive future funds that will allow you to repay your cash loans. We also consider other forms of social assistance, meaning you can quickly secure ODSP payday loans online.

Requirements

With our low-interest rates, those that qualify can get payday loans online for up to $1,500 quickly and easily with our 5-minute e-Transfers. That is, as long as they meet some requirements:

You'll first need to qualify for social assistance. If you are receiving benefits from the Ontario Disability Support Program you can qualify for a fast loan from a direct private lender.

Your monthly income must equal at least $800. As long as you receive $800 or more through governmental assistance (multiple sources are okay), you can qualify for loan.

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Easy Online Applications

The best way to apply for emergency loans is online. With lenders like iCASH, you can get the funds you need easily and quickly. Most applicants receive loan approval within minutes and can count on a fast, 5-minute e-Transfer to get their money ASAP. The process is simple because when you need emergency cash, you don't always have time to wait.

Faster than a Bank

Traditional bank loans require a lot of paperwork and it can take days to receive approval. When you need money now, they might not even be an option for you. And for those who rely on individual assistance, getting quick payday loans — and not waiting for approval — is a high priority.

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iCASH Supports ODSP Recipients

iCASH supports applicants by providing flexible, low-cost payday loans to Ontario residents and those who rely on governmental assistance.

We prioritize the needs of our clients. Sometimes, life throws you a curveball, so we want to make sure that you can improve your financial situation. As long as you have the means to repay your loan, you can borrow money and use it for whatever you need.

Now you know borrowing up to $1,500 online even if your on social benefits has never been easier. Head to our website today and fill out an easy application!

Trisha Smith

Trisha has been writing for over 30 + years and has no plans on stopping. She has a natural knack and passion for writing content for Canadian families professionally.