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Loans for Disability & SSI Recipients
SSDI, SSI, VA and private disability income all qualify. One point specific to SSI is worth reading before you apply.
Disability income qualifies for a loan with us, whether it comes from Social Security Disability Insurance, Supplemental Security Income, a VA disability award or a private policy. There is one point specific to SSI that most lenders will not raise with you, and it matters enough to put near the top of this page.
| Key loan information | Details |
|---|---|
| Loan amount | $200 – $5,000 |
| Term | 14 days to 24 months |
| Representative APR | 17.99% – 400% depending on product |
| Qualifying income | SSDI, SSI, VA disability, private disability |
| Proof | Award letter, SSA-1099, VA letter or bank deposits |
| Collateral | None required |
| Credit check | Soft inquiry, no FICO® impact |
| Funding | Same or next business day |
Proving disability income
- Your Social Security award or benefit verification letter
- Form SSA-1099 from the previous year
- A VA benefit summary letter, available through eBenefits
- A private insurer's benefit statement
- Bank statements showing the monthly deposit, usually verified electronically
Protections you should know about
Federal law prohibits credit discrimination on the basis of receiving public assistance income, which includes disability benefits. It also gives Social Security and SSI payments broad protection from ordinary creditor garnishment, with narrow exceptions. A lender that treats benefit income as disqualifying, or that asks for control of the account your benefits are paid into, is not one to proceed with. See how to spot a loan scam.
Free help worth checking first
Several programs cover the costs disability recipients most often borrow for, and they do not need repaying.
- Medicare Savings Programs and Extra Help for premiums and prescription costs
- LIHEAP for heating and cooling bills, through your state energy office
- State assistive technology programs, which often lend or subsidise equipment
- 211 for local help with rent, food and utilities
Which product fits
| Situation | Product |
|---|---|
| A bill before the next payment date | Payday loan, $200–$1,000 |
| Medical equipment or a home adaptation | Installment loan, $500–$5,000 |
| A vehicle repair | Car repair loan |
Eligibility
- 18 or older and resident in a state where we lend
- At least $1,000 a month in verifiable income, including benefits
- An active checking account in your name, open at least 30 days
- Government-issued ID and a Social Security number
Related pages
Social Security recipients, bad credit loans, and cheaper alternatives.
Frequently asked questions
Can I get a loan on disability income?
Yes. SSDI, SSI, VA disability and private disability benefits all count as qualifying income. Federal law also prohibits credit discrimination on the basis of receiving public assistance income.
Will a loan affect my SSI benefits?
Loan proceeds are generally not counted as income in the month you receive them, but money you still hold at the start of the following month can count toward the SSI resource limit, which is $2,000 for most individuals and $3,000 for a couple. Speak to the Social Security Administration before borrowing an amount that would leave you above the limit past month-end. This does not affect SSDI or VA disability.
What proof of disability income is accepted?
A Social Security award or benefit verification letter, an SSA-1099, a VA benefit summary letter, a private insurer's statement, or bank deposits verified electronically.
Can creditors take my disability benefits?
Social Security and SSI payments have broad federal protection from ordinary creditor garnishment, with narrow exceptions such as federal taxes and child support. A lender asking for control of the account your benefits are paid into is a warning sign.
Borrow $200 to $5,000 for any purpose
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