WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

Online loans £50 To £2000

The Best Loans In Then Market

How much?

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Why Choose MoneyFall

Quick and Easy Process to the money you need. The most reliable lenders from across all the UK

Loan amount
1,500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Excellent
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Payday Loans For Unemployed – What Direct Lenders Are The Best

Being unemployed even just for a month is challenging; having no stable income in sight is already dreadful since there are no means to make ends meet. This becomes more difficult if you had an emergency and something needs medical assistance or to be repaired. Such urgent expenses cannot be shelved for long; otherwise, the situation may become inconvenient or worse. Fortunately, there are ways to address these concerns and one of which is through payday loans for unemployed.

Normally, unemployed payday loans are given only to those who are employed but since the game in lending is changing, a lender has become more versatile. Its structure and process are almost the same; the borrower will submit an application form and a couple of requirements and once satisfied, the lender will send the money on the same day. The only difference, obviously, is the attitude of the lender. They are considering unemployed individuals despite the risks they might bring.

The Benefits And Drawbacks Of Unemployed Loans

During an emergency case, the speed of the approval is the first thing that the borrower needs to look at. The loan may come costly but fast, therefore, it should be used to fulfill the most important and urgent needs. Nevertheless, it is easily acquired in a speedy manner. Rather than waiting for weeks to be approved, the lender can provide the necessary amount on the same day that the borrower has been approved. In addition, the criteria that need to be met are simple: the applicant must be of legal age (18 years old and above) and an owner of a working bank account. Some lenders may look for a good, if not excellent, credit rating and a source of income aside from the regular job, such as benefits and pension.

The loan seeker must also state his plans on how he can settle the loan and once approved the lender will transfer his desired cash. However, the borrower must be ready to ready to pay a high-interest rate. For some obvious reasons, the risk that the lenders will take upon approving jobless people is significantly high, thus, the interest involved is tremendous as well. Many payday lenders accept bad credit borrowers, therefore, to reduce the danger of losing their money, expensive rates are applied. In addition, the loan high-interest on a short-term and all short-term loans have costly rates.

Payday loans for unemployed are more expensive than the other types of loan, however, the rate charged is still affordable. Lenders are considerate enough of the consideration that’s why the rate is reasonable enough. But still, before borrowing a loan amount, borrowers should ask for a list of their terms and conditions as it involved all the necessary things, such as the penalties or hidden charges (if applicable). Through the quotation, the borrower will have an idea about how much he needs to settle. This will also help the applicant produce a good decision. Borrowing a payday loan is risky for the borrowers as well, and making a wrong decision will only make things worse.

5 most recent personal loan reviews

Review of Bridge Finance

This is my second loan with Bridge Finance and both times they have been very helpful and informative. Explained everything to me and made sure I understood the process and what would happen. I would recommend Bridge to anyone.

Review posted by Charlotte Ashton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wesleyan Bank

Wesleyan loans are a financial institute which is excellent for applying for loans. It looks at all your circumstances and provide loans to people who are refused elsewhere. They are fast and honest. I would recommend Wesleyan loans to anybody who needs a loan.

Review posted by Zafrullah Khan, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Logbook Loans

Really happy with my experience with Logbook. Most of the process was done online from the convenience of my own home. Really friendly customer services too! Highly recommended.

Review posted by Bethany Holcombe, Cirencester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews are sourced from Trustpilot.com for authenticity.