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
Apply Now

Show More ▼

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 ▼

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 Direct Lenders

Individuals who are unemployed find applying for a loan a hard task. Since they do not have a regular source of income, lenders find them risky to their business. However, the notion has changed a few years ago as loan products for unemployed are introduced. Like employed people, the jobless will have a fair access to different financial alternatives – thanks to payday loans for unemployed direct lenders. These lenders are ready to provide a helping hand whenever someone is experiencing a sudden financial hurdle and they cannot seek help from their loved ones, banks, and traditional lending stores. Because of this, the loan has become immensely popular, with some treating as their first resolution during hard times.

Payday Loans For Unemployed

Traditionally, payday loans are designed for employed individuals as it needs to be settled on their next payday. However, direct lenders have become more considerate that they have started accepting even those who are unemployed. The loan is beneficial as it gives a fast, safe, and simple relief when you need to fund a car repair, education, utility bills, and other urgent expenses. No lengthy and unmanageable paperwork is required as the loan is free from paperwork. Rather than going through the long and exhausting traditional process, the borrower only needs to accomplish an online application form. Once the data provided has been verified, the loans for unemployed direct lender will release the money in as fast as 24 hours.

why choose Payday Loans For Unemployed Direct Lenders

Most borrowers find the loan convenient because it is unsecured by nature, thus, it doesn’t need any collateral to protect the loan. The amount given is relatively small but it is beneficial when you need immediate financial solutions and you have nowhere to go. No time is wasted and it can even save money. In addition, the money is sent directly to the loan seeker’s bank account, therefore, a personal visit to the loan store is not necessary. Applicants who are anxious about their credit history will find this loan suitable since there is no credit check. Furthermore, they can enjoy the same terms and conditions that borrowers with good credit scores have. Successful applicants will not only enjoy the fast and easy money in their hand; they also have the chance to improve their credit score by repaying their loan on time.

What Criteria Do The Direct Lenders Have

Payday loans are versatile and it requires only a few criteria from the borrower. As usual, they have to obtain an age limit of 18 years old and over; they must possess a proof of UK residency; they must have a working bank account, and they must satisfy the lender with their plan of repaying. No matter how flexible or considerate the lender is, they still need to guarantee that they can have their money back, together with the interest rate and charges (if applicable).

As for the loan’s purpose, there are no restrictions, therefore, the borrower can use the money on almost anything, such as buying a new gadget, consolidation loans, paying for a medical bill, or as a pocket money when looking for a new job.

Finding Payday Loans for the Unemployed from Direct Lenders

In this day and age, finding payday loans for the unemployed from direct lenders should not be any problem at all, with the recent rise in the number of innovative new loan services that have now been made readily available even to the borrowers with bad credit. The situation, however, was far different in the previous years. Because of the rising demands for loans and other loan services, paired with the inevitable consequence of surge in the number of borrowers with unpaid debts, traditional lending firms and institutions have decided to address such problems by coming up with a credit scoring system that’s designed to help prevent their recurrence in the long term. Under this credit scoring system, borrowers whom the lending institutions as unlikely to be capable of paying off their debts in the future were easily separated from the borrowers whom they saw were likely to be financially capable of paying off their loans with little to no problem at all. Through this credit scoring system, individuals as well as other aspiring borrowers whose income levels fall short of what the lending institutions have prescribed as the smallest allowable minimum were automatically assigned what is commonly called poor credit scores, while the borrowers who repeatedly or frequently failed to make their regular payments, regardless of their reasons, consequently had records that reflected their bad payment histories.

As a result, borrowers with bad payment histories and poor credit scores were automatically precluded from acquiring any kind of loan from any of the traditional lending institutions and firms. Due to this, borrowers who found themselves in urgent financial crises were left to choose with very little, often either impractical or downright impossible alternatives in order to address their financial circumstances. Because selling off properties or taking a loan from friends and family may not always be possible or easy, a lot of borrower with bad credit tend to settle with the underground loans being offered by illegally lending individuals and firms. And while these types of loan options do provide borrowers with the short term financial relief that they crucially need, these loan services come with inherently high interest rates that often leave borrowers in even worse financial states. As a consequence, borrowers are often left to deal with a cycle of never-ending difficult financial problems.

Getting Loans for the Unemployed from Direct Lenders

With more and more borrowers with poor credit scores and bad payment histories falling into the same cycle of financial difficulties, a whole new market comprised completely of borrowers with bad credit was inevitably created. And as borrowers clamour for safer, more affordable, and more flexible loan services in this newly created market, innovative new loan services were later on developed for borrowers with bad credit. Through innovative new loan services like loans for the unemployed from direct lenders, borrowers now have easy access to better, more secure, and far more affordable loan services to address financial circumstances. With loans for the unemployed from direct lenders, as well as other similar innovative new loan solutions, borrowers now have more reliable options to rely on in times of emergency financial situations. Unlike procedures for a lot of conventional loan applications, the procedures involved in the applications for innovative new loan solutions do not involve waiting for hours in long lines just so borrowers could submit their applications, nor do they necessitate having to submit impossibly hard to find requirements.

With loans for the unemployed from direct lenders, as well as other innovative new loan services, borrowers may now comfortably submit loan applications without even needing to leave their own homes. Since loan applications can now be completed entirely online, borrowers may now choose to submit their applications regardless of where they are, at any given time. And because everything can now be accomplished entirely over the internet, borrowers can now expect for their loan applications to be processed within just minutes after these applications were submitted. As a consequence, approvals of applications for loans for the unemployed from direct lenders, as well as other similar innovative new financial services, can now be completed in as fast as just minutes after the loan applications were submitted. The release of funds for approved loans for the unemployed from direct lenders, on the other hand, can now be expected in as little as just hours after the loan applications have been completely processed.

Because of these highly useful and convenient features of innovative new financial solutions like loans for the unemployed from direct lenders, these kinds of loan services can be considered good alternatives in addressing urgent financial crises. But since loans for the unemployed from direct lenders are typically small loans that are normally arranged in such a way that borrowers can repay over short payment terms, these loan solutions cannot be considered practicable options in addressing much more complicated financial situations. In addressing more complex financial conditions that require loans in much higher amounts and a lot longer payment terms, borrower may instead rely on secured loan options, which allow for bigger loans that can be repaid in far longer payment terms.

Getting Payday Loans from Direct Lenders

Due to a common belief among many borrowers, a lot tend to believe that since borrowing from the lenders directly do not involve paying for loan brokers’ fees, it also follows that choosing this option would yield the most benefits. What many of these borrowers fail to realise, however, is that because loan brokers loan brokers necessarily maintain a network of connections to many different lenders across numerous and various regions, it also follows that they have comprehensive access to all these lenders’ different discounted services. Because of this, borrowers who choose to secure loans with the assistance of loan brokering firms actually benefit from so much more savings in the long term. And since loan brokers provide their clients with extensive financial advise, borrowers are guaranteed the best loan solutions according to their unique financial situations.

choose Payday Loans For Unemployed Direct Lenders

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.