Often, even a temporary lack of work can cause serious financial problems. Especially that people still have a problem with saving. The search for new employment can take time, and you have to pay bills or a loan installment for something. Then what? Often, the only solution may be to take advantage of the online loan offer for the unemployed.
Loan without a job – can an unemployed person get a loan?
Before answering the question whether loans for the unemployed are possible, it is worth explaining who the unemployed person is in the understanding of the law. As the definition indicates, an unemployed person is a person who does not perform any paid work, despite the ability and willingness to take up employment in full or part time. The status of an unemployed person can be obtained by persons over 18 years of age who are not studying and have been registered at the poviat labor office. In most banks, permanent employment there is a key determinant of the borrower’s financial credibility.
Due to the unstable situation on the labor market, many banks have a loan under a mandate contract and no contract of employment . You can also find several cash loan offers without certificates, however, applying for it requires exceptionally good creditworthiness and having other documented sources of income that are accepted by the bank. Typically, these may be benefits, pensions and pre-retirement benefits, pensions, agricultural income, income received abroad (but transferred to a account), mandate contracts, contracts, agency contracts and appointments.
Contract terms may vary by institution. In summary – a loan without permanent employment is possible but a loan without income is not. What should people do in a very difficult financial situation who do not meet the excessive requirements of banks? Submit an application for a non-bank loan. Non-bank institutions also pay attention to this, but lenders accept almost all sources of income . It is enough that their total amount allows for timely repayment of liabilities while meeting the basic needs of your family. Thanks to such a flexible attitude, it is even possible to get a loan for the unemployed without ID cards.
Online unemployment loan terms – who can apply?
An online loan for the unemployed is a financial product targeted at people who have no documented employment and who are supported by another source of income accepted by loan companies. Thanks to this, we will be able to take a loan for family benefits, alimony, scholarships, benefits, black work or income obtained abroad but transferred to a bank account. This does not mean that anyone can take advantage of the unemployment loan because loans without verification of certain data simply do not exist.
This does not change the fact that many loan companies offer loans without BIK databases of debtors . This means that lenders either do not completely check specific records or do not attach importance to the customer’s credit history. Thanks to this it is possible, for example, a loan for the unemployed from 18 years.
How to get a loan for the unemployed? The basic conditions we must meet are:
- possession of a valid ID card,
- minimum age 18-23 (depending on the company),
- citizenship and permanent residence in the country,
- active mobile number and personal account in the bank (loans without an account also available),
- receiving fixed monthly income.
Instant payouts via the Internet for the unemployed is an ideal solution for both unemployed persons and for those who do not want or cannot show a certificate from the employer. If we don’t have any job, the loan company may want to check your bank account statement. Regular inflows at a certain level will prove that we will be able to pay the liability on time.
Is it possible to loan the indebted and unemployed via the Internet?
There are more and more loan offers on the market for those in debt . This product is targeted at people with a negative credit history and entries who have problems paying off their debts. In this case, the loan depends mainly on the amount and type of our debt; our monthly income level and the length of late payment.
The loan for the unemployed and indebted will be easy to obtain if we use the payday loan without certificates for 30 days. In the case of higher amounts, it may be necessary to provide a loan repayment security. Due to the high credit risk , the cost of the loan may be slightly higher.
Loans without income – only with collateral
At the beginning it is worth noting that a loan without a job and a loan without income is not the same. Non-bank loan companies are known for flexible verification of their clients’ creditworthiness, but they must be sure that the loan will be repaid on time. That is why it is so important to have regular account balance at even a minimal level. In the non-banking sector, we can easily find online loan offers without certificates andother benefits. In some institutions, it is even possible to have a loan with no documented income, which only requires regular payments to your account.
But what if we lost our job and we have no source of income? Usually, the only solution here will be loans with a guarantor and against collateral . The type of repayment guarantee depends on the selected company. It is usually possible to establish a lien in the form of a car, agricultural machinery or other valuable items. Loan companies cannot, however, grant loans against real estate, as banks do.