Fast Payday Loans for Unemployed – Direct Lenders
£50 – £5000
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.
Payday loans satisfy the short-term needs of employed individuals, but did you know that it can also be of great help to those who have no stable income? While this quick loan is mostly available to those who are receiving a regular paycheck, there are also lenders who will accommodate unemployed people. Because of this, payday loans have become a very popular option when there is a need for fast and easy cash.
Change is the only thing that’s constant and this is applicable even to the lending industry. Before, payday loans cannot be attained unless you are regularly employed; now, even those who have lost their job can be qualified. A payday loan for unemployed is helpful to those who have bad credit as well since there is no credit check required. Basically, it only needs a few documents and its application can be done online; therefore, the entire loan process is quick and simple. Lenders can send the money in just a few hours and borrowers can use it to cover their financial needs urgently.
Emergency Loans For Unemployed People
With all the ads and feedbacks about payday loans, the news about its benefits is widely spread. However, there are still people who find the loan intimidating. If you’re one of those who hasn’t decide whether you need this loan or not, here are some of its advantages that can help make up your mind.
No Strict Qualifications
Payday loans for unemployed accepts the jobless and bad credit individuals, therefore, being qualified is not an impossible task. All you need to do is relay a good repayment plan to the loan provider. It’s also important to let the lender know how long you’ve been unemployed. Since the loan is risky to the business, lenders will most likely accept those who’ve lost their job within six months or less as these individuals have a higher chance to find a new job. Other than that, you only need to settle a quick online application form and once it’s done, you can have the money delivered to your bank account.
Getting a payday loan won’t take weeks or even months; in fact, the lender can send it on the same day of your application. Whether you choose to apply online or personally, the entire loan application process is short and simple, therefore, there is little to no waiting period involved.
One of the best features of payday loans is that it has no limitations. You can borrow a loan without explaining your purpose to the lender, thus, you can use it for whatever you desire. However, you must consider your situation; you have no stable source of income and the last thing you want is to have unsettled bills and expenses. Therefore, even if you have a freedom, you must use the loan wisely to avoid getting into more financial trouble.
Payday loans can be acquired without leaving your post, even after office hours. With its online platform, you have the choice to send your application through the use of the Internet. You can also easily communicate with their customer service through email, chat, or phone call.