Payday Loans for Unemployed on Benefits in Canada
Where do you live?
Are you in between jobs? We know how difficult it is to work with a tight budget. With a limited income, there’s only so much you can cover in your monthly expenses – groceries, rent, mortgage, or car payments. On top of it, if you hit one little bump, such as an unexpected home maintenance bill, things can get super stressful quickly. That’s why we offer payday loans for unemployed on benefits in Canada.
In Canada, online direct lenders like iCASH provide access to payday loans for those who are receiving unemployment benefits. This kind of small loan relies on the employment insurance funds as the primary source of income for the borrower.
If you’re receiving EI, you can apply for a payday loan for unemployed with us. We offer quick loans that are flexible and affordable to help Canadians cope with the stress that comes with unemployment. We understand how important it is to have access to momentary financial relief under challenging circumstances.
Employment insurance is a program by the Government of Canada that provides temporary income support to individuals who lost their jobs and are actively looking for employment or upgrading their skills.
Anyone who earns an income in Canada pays towards the program from their monthly checks, so they can access benefits later if they happen to lose their job or need to go on temporary leave.
The program is crucial for Canadians because it helps cover their income loss and helps them handle the uncertainty that comes with unemployment. However, the amount that is paid out doesn’t begin to cover the vast everyday expenses of Canadians today, especially those with young families.
Payday Loans for Unemployed on Benefits
Payday loans for unemployed on benefits are available for those who are receiving an EI income and need access to fast cash. Applying for a loan for unemployed can help you find relief until you start earning regular income again. (mais…)