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

Show More ▼

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)

Short Term Loans For Unemployed

Long ago, searching for a feasible solution when you’re unemployed is like looking for a pin in a haystack – almost impossible. But thanks to the versatility of the lenders, there are now short-term loans for unemployed. The loans are created to assist jobless individuals with their financial obligation whilst looking for a new job. If you’re someone who’s having a hard time with your personal resources and you need a quick solution, then this article will serve as a guide on how you can stretch your cash until you have a reliable source of income.

Instant Cash Loans For Unemployed

For most people, having a job is important simply because it’s their only source of income. Losing it is clearly devastating especially with the bills that are coming. For this situation, having another financial alternative is critical. While there are people who are lucky to receive welfare benefits, there are those who receive nothing and applying for a loan may come in handy.

Short-term loans work the same as regular loans wherein a borrower and a loan lender form a loan contract. The amount is smaller compared to secured loans, however, it is offered in a speedy manner. It is more comparable to payday loans; however, rather than accepting only those who are employed, the lender may welcome qualified jobless individuals.

The small amount offered plus the minimal requirements contribute to the speed of the loan process. Only a little time is consumed when verification, thus, helping the loan provider release an immediate decision. Most of the time, borrowers receive the loan in as fast as 24 hours, if not 30 minutes. This means that they can receive the amount they asked to their own bank account on the same day of their application. However, not all unemployed people are eligible unless they met a certain condition.

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Short Term Loans In The UK Conditions

A student loan is provided to students in the hope of having the money returned when they find a job – and this is how short term loans for unemployed workers. The borrower must satisfy the lender’s condition that he can settle the loan until he finds a new employer.

Therefore, the lender will only accept those who have been unemployed for a short time as it only shows that there is a chance of getting hired again is high. Meanwhile, those who’ve been jobless for more than a year will have to look for another option.

Offering a loan to a person who has no source of income is risky and to minimize the risk, the lender needs a security that it will be settled back. Other conditions include:

  • Working Bank Account

This is where the lender will transfer the money once approved. The bank account should be under the borrower’s name and it must be active.

  • Legal Age

To be qualified, the applicant must be 18 years old and above.

  • UK Resident

The applicant must provide a proof that he is a resident of the United Kingdom.

  • Credit Score

To increase the chances of getting approved, the borrower must have a good credit score. However, there are lenders who offer loan to bad credit borrowers as long as they’re fine with high-interest rates and smaller loan amount.

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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.