Payday Loans for People on Social Security


Can people receiving Social Security or disability payments take out payday loans? The ads for cheap cash advances would have you believe that you can’t because you don’t have a job. They mention your paycheck, which you don’t really receive, and talk about gross monthly income from employment.

The truth is that people getting regular Social Security, SSI, and disability checks can still qualify for a fast cash advance without a credit check. Keep reading to learn how the process works.

Who Qualifies for Cash Advance Loans?

Just like conventional banks, payday loan lenders do not hand out money to just everyone who walks through their doors. To be approved for a cash advance,  you must meet certain qualifications.

Regular Monthly Income

The most important requirement for getting a cash loan is having money to pay it back. Most short-term personal loans must be repaid within 2 to 4 weeks, although the actual repayment schedule can vary based on your personal situation and state laws. As long as you meet their minimum income criteria, usually $800 to $1000 gross per month, lending companies will consider you when you apply for a payday loan.

You can get a loan if you are receiving money from:

  • Employment – full-time, part-time, temporary, and seasonal jobs
  • Pensions and retirement accounts
  • Social Security
  • Supplemental Security Income, SSI
  • Veterans benefits
  • Railroad retirement benefits
  • Federal civil servant retirement benefits
  • Other types of social assistance programs


The laws that apply to cash advances are based on the state or province where you live. Even if you apply for an advance loan online, the lender must still consider your residence in the United States, Canada, the United Kingdom, etc. Even though the National Consumer Law Center is trying to restrict access to Social Security payday loans for seniors, these types of temporary loans are fully legal.

Instant approval cash advances are generally capped at $1500. You may not receive the full amount if you live in a state or province that sets a lower limit.

Legal Requirements

To enter into a payday loan contract, you must be at least 18 years old or the legal age of majority for your location.

Bank Account

Finally, you must have an active checking account or savings account. You will need to provide your bank routing number and account number at the time of your application. This information will be used to (1) confirm your account exists, (2) deposit your cash loan funds, and (3) deduct your repayment amount plus fees on the agreed-upon due date.

How Do I Apply for a Social Security Payday Loan?

The application process is simple for a cash advance based on Social Security or disability benefits.

Step One: Locate a reputable lender. You can often save time and lower your interest rate by applying with an online lender. You can find a list of qualified cash advance loan companies here. Reputable Social Security lenders are licensed where they do business, publish their privacy policies to protect your personal details, and detail their fees before you sign any contract.

Step Two: Complete the application. If you go with an online lender, you can provide all the information they need over the Internet.

Step Three: (optional) Advance Loan Online works with a number of personal loan matching companies. If you complete an application with one of these companies, you will receive an email listing the lenders who want to work with you and the fees they will charge. Choose the company you like best and follow their instructions to submit your official loan application.

Final Step: Get your money! Most quick cash loans are deposited into your checking account within 3 business days. You can often request faster service if you need the money within a single day or even within the next hour.

Advance Loan Online is proud to work with companies that offer payday loans to people on Social Security. If you need fast cash for unexpected bills and emergency expenses, follow the steps above to put money in your bank account today.



  1. Im trying to get a 300.00 loan Im 1600+ miles away from home and stuck and will have to wait till 1-3-13 till i get my ssi and my ssdi can i get a loan i wanna get home i

  2. i am trying to get a love one is sick cant pay his doctor bill and medicine.i am on disability dont have money to keep him alive.please help

  3. I am currently desperate for an$300 dollar lone for me utilities..

  4. I need advance loan in the amount of $300 dollars I get ssi benefits’ with direct deposit.

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