Can I get a payday loan on disability?

Quick Answer Yes, it's possible to get a payday loan while receiving disability benefits. Some lenders may consider disability income as a valid source of income for loan approval. However, you should carefully assess your ability to repay the loan and consider other loans for bad credit.

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Kevin Johnson Answer updated on Jul 9, 2023

Fact checked by Steven Hill

Yes, if you're receiving disability benefits, you can get a payday loan.

While some lenders want your proof of income to come from a job, many lenders will count disability income for you and allow you qualify for a loan.

Learn: Where can I get a payday loan?

Basically, lenders just want to see that you have a steady source of income. There are several types of disability benefits that payday loan lenders will recognize as income, they are:

  • Supplemental Security Income (SSI)
  • Social Security Disability Insurance (SSDI)
  • Disability living allowance
  • Employment and support allowance (ESA)
  • Workers compensation payouts
  • Private income insurance/disability income insurance (insurance coverage for if you aren't able to continue working because of injury or disability)

What matters most is that you have a steady source of income so you can pay back your loan. Just like with paychecks from a job, the higher your benefits payouts, the bigger the loan you can qualify for. 💰

Learn: Can I get a payday loan without proof of income?

Of course, while you can get a payday loan while on disability, this doesn't necessarily mean that you should.

Payday loans are known for having exorbitant fees and APR cresting over 400%, which can make them hard to repay.

Not-so-fun-factoid: 80% of payday loan borrowers either roll over their loan or reborrow within 30 days.[1]

You don't want to get stuck in a situation where you're always trying to pay off payday loan debts, especially if your disability income is limited!

Learn: Can payday loans garnish your wages?

Before signing a payday loan, look over its terms and consider whether you can actually afford to repay the loan. It's also worth looking into other loan options for bad credit, such as installment loans or title loans, to find a more affordable option.


  1. How Payday Loans Work ↩︎

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