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)

Loans For The Unemployed

Whether it’s your first time to lose a job or not, looking for a way to survive until you are employed is hard. But now, thanks to the wonders of technology; you can easily have the money you need without going out and spending much.

Loans for the unemployed can be found using the Internet and its application process is surprisingly fast and simple. Moreover, it is for free. The loan is specifically made for jobless people to lessen their stress when they have no reliable source of income. Regular lenders will automatically decline your application if you’re not employed, but with this kind of loan, your current situation is not an issue. You can be a college student, tenant, or a part-time employee and you can receive the amount you need without any discrimination.

why choose loans for the unemployed

An unemployed loan is beneficial as it provides a way to settle the bills that are coming in. Unfortunately, even when you have no stable source of income, your financial obligation will not stop and it will only become worse if you don’t provide an immediate action. The loan is also helpful when you have no one to turn to or you’re too ashamed to ask assistance from a family or a friend. Sure, it’s easier to borrow from someone you know but it can be frustrating when you have already borrowed before. After all, you’re certain when you’re going to have a job again.

Purpose Of Unemployed Loans

Loans for the unemployed can be used on anything you can think of; of course, it’s ideal to utilize it on something important like groceries, utility bills, debts that are due, interviews and paperwork, etc. Unlike other loans, it has no restriction, thus, you can spend the money freely. Once approved, the money will be sent to your bank account and you can use it just like a regular paycheck.

Applying for the loan is easy and the entire application process is done online. Most lenders will require basic requirements, such as a bank account, a proof of residency, and personal information. The money is sent in as fast as two days after approval; however, there are lenders who can do it on the same day you’ve applied.

Unsecured Loans – Doesn’t Matter If You are Unemployed

Loans for the unemployed are usually unsecured; this means that no collateral is needed to be qualified. This is ideal for unemployed individuals who do not have any property to present as a security against the loan. It is also a safer choice as there’s no risk of losing your asset even if you fail to repay the loan. However, the loan is offered on a small amount and the interest rate is costly. Most borrowers find it hard to settle the loan, thus, it’s not the best alternative if you’re looking for a cheaper option. But since there is no collateral, the entire application process is faster as there’s no need to verify whether you are the owner of the asset or not. Therefore, you can have the money you need and use it to settle your expenses immediately.

loans for the unemployed

 

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.