All About Loans for Unemployed
Fulfilling the extreme financial commitments seems tough sometimes, but availing the loans for unemployed from direct lenders can prove to be a decisive decision. Unemployment is like blight for anyone. This is such phase of life when people have to live with no income from any corner. The irony is that they have to arrange some pounds to meet their rudimentary needs and obtain a peace of mind. Of course, they may have some government benefits probably because they are physically unfit or any other reason. But loans have their importance too.
Usually an unemployed loan is applied either in secured or unsecured manner. However, it is mostly available through an unsecured feature. It is because keeping collateral against the loan amount is tough for those with no monthly income. Apart from the unsecured feature, the benefits that direct lenders bring for a jobless individual are:
- Unemployed people with bad credit are also eligible to apply, as the lender follows the no credit check policy.
- Providing the guarantor is not mandatory because the applications are also accepted on unemployed loans with no guarantor needed.
- The borrowers have the opportunity to secure funds according to their needs. Generally, they can borrow between £1000 and £25000 depending upon the current needs.
- The chances of guaranteed approval are always there if someone applies to have emergency money for unemployed situation from the direct lender.
The quick loans for unemployed people remain the only option to survive the tricky financial situation and it is indeed a wise decision too.
Bespoke Offers on Short Term Unemployed Loans
As the lending market merges with the online technology, the jobless individuals can seek multiple lending options to remove their curse of not having enough funds. One of the most favourable lending sources is to opt for short term loans for unemployed. There are dual benefits of such borrowing i.e.
- The lender can transfer the small amount more quickly than the long-term loans
- Since the amount is small, the loan provider may not see the obligations compulsory
For the last few years, VirginBucks UK has brought out personalised offers on such quick loans because of the growing demand from the People. It is because these individuals are finding the fulfilment of small financial needs more difficult and thus, they are looking for a relevant option to pursue.
Among the main benefits of such borrowing is that the unemployed people with poor credit scores can also fetch the desired amount. Fortunately, the lenders are up to their demand and they are ready to provide short term guaranteed loans for unemployed people.
Best Lending Source for Emergency Funding
Deals are also available on the payday guaranteed loans for unemployed individuals that will help them in getting quick funding for an early removal of financial issues. It may look quite strange that how the unemployed people can repay the borrowed amount when they do not have any income. However, arrangements have been done for them and different lenders have the different lending policies regarding the loans. At VirginBucks UK, they can have the loan approval on the basis of their additional income sources like
- Getting rent from their rental property
- Earning through freelancing
- Other small self employed activities
- Benefits received from the Government
To obtain emergency money for unemployed:-
- One must have an internet access because they are going to apply for loans on the lender’s website
- An online application form is there, which they have to complete with mandatory details like age, residence, occupation and bank account
- Once completed the form, submit it and then wait for the approval
In order to give instant approval to the borrowers, some lenders are ready to allow payday loans with no credit check claim where they do not go through the credit history of the applicants.
No More fear of Denial, Loans Do Come on Guarantee
A major thing that has changed in the recent times is that the borrowers can avail the option of loans for bad credit with no guarantor, no fees during unemployed situation. It means the denial of application is not the possibility and the applications are accepted on the guaranteed basis. This reflects the flexible lending approach of the modern-age lenders like VirginBucks UK.
Whether you are going to apply for the short term loans or the payday loans, one thing is for sure that the prospects of guaranteed loans for unemployed in UK are always there. Borrowers do not seem to be worried about getting a loan is possible or not.
If they able to keep their actual loan purposes and find a reliable lender, then assured loan approval for unemployed are easily achievable.
What Makes VirginBucks Special in Offering Unemployed Loans?
VirginBucks UK works as a reliable online lender and happy to obtain risk of providing loans for unemployed with bad credit and no guarantor.
- Competitive interest rates
- No documentation
- Acceptable repayment options
- Special deals for First-Time borrowers
These are some of the features that come naturally with our loan deals.
Availing the unemployed loans can be a solution but at the same time, a risk too. Most of the lenders tend to keep a distance away from those borrowers, who are struggling with either bad credit score or no credit history. They may provide you loans but on the higher interest rates. Thus, you must be on your toes while confirming the loan deal for your finances. This is where we are different from other lenders. We give you that platform where you can apply for the no guarantor loans despite having no job and no credit score.
We are indeed the destination for those People, who are looking for guaranteed loans for unemployed with bad credit on their profile, from direct lenders with no credit check facility. Apply loans here…
6 must read questions for unemployed
When should you apply loans for unemployed in the UK?
If you think that your situation is requiring the extra financial help then you must go for the online borrowing. To get the guaranteed loans for unemployed in the UK, you just have to assure that your income credibility should return the amount on time. The best feature a lender can provide you is it accepts the applicant’s earnings from other sources as well. For example, freelancer, or doing zero contract hours.
Is guaranteed payday loan from direct lenders with no credit check safe?
Yes, you can easily trust on guaranteed payday loans even if you are having a low credit score. It is because the borrower can get the amount with the help of a unique feature. It applies with no credit check that prevents the mark of search print on the credit score.
Is it possible to get Loans for Unemployed with bad credit no guarantor?
Yes, there is a full scope to get the guaranteed loans for unemployed with bad credit score. The lender just needs an assurance that whatever amount you required needs to be paid on time. If you think that your other income sources can return the amount then the chances are high for you to get the quick approval.
What is the process of Guaranteed Loans for Unemployed?
The process to get the approval on guaranteed loans for unemployed having a good credit score is important. Once you have this, then you just have to fill the online application form with your essential details. Submit it and the loan approval as well as fund disbursal will be done on the same day.
How much amount can I get If am applying for short term loans?
Well, there is no precise answer for that because the amount that is given in short term loans for unemployed people varies from lender to lender. If you are applying at VirginBucks, then you can get the amount something between £500 to £1500 and that too very easily. If approved, the amount will directly be sent into your account within a few hours of the approval.
Can I qualify for the payday loan if I am unemployed?
Yes, you can apply for payday loans even if you don’t have a regular job, but make sure that you mention your side income that you earn to manage your expenses. There are direct lenders in the market who provide Payday Loans for Unemployed even if your side income is not that high but in that case, you will have to convince the lender that you will repay the amount within time.