What strengthens an EI applicant’s file
Income recognized, but temporary
EI benefits count in the budget, but the lender wants to see what comes next: a return-to-work date, a seasonal contract, or a confirmed new job.
Seasonal workers welcome
Construction, tourism, restaurants, fishing: seasonal income is common in Quebec and some lenders understand it.
Co-signer and cash down
A co-signer or a down payment offsets the temporary nature of the income and improves your terms.
Realistic budget
We calculate a payment based on your real income, including the leaner months.
Frequently asked questions
Can I get an auto loan with EI income only?▼
It is harder, but not impossible. The lender mainly wants proof that income will resume: a recall letter from your employer, a seasonal contract, or a job offer. A co-signer helps a lot.
What counts as proof of income?▼
Your EI benefit statements, pay stubs from the months worked before the layoff, and ideally an employer letter confirming your return date or the seasonal nature of the position.
Will my application be automatically refused?▼
No. No serious lender refuses solely because you receive benefits. What matters is the ability to pay over time and the predictable stability of your income.
Is a down payment required?▼
Often yes in this context. A down payment reduces the amount financed and the risk for the lender, which improves your approval odds.
Can I finance if I am returning to work soon?▼
Yes, and it is often the best scenario: a recall-to-work letter is a strong argument. Mention it as soon as you submit your application.
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