Top Reasons to Choose Loan Store

Irrespective of your purpose we provide loans that are affordable.

  • No hidden charges
  • Quick Cash deposit
  • Borrow up to £15,000*
  • 100% online application
  • Open 365 days a year
  • 50,000+ Satisfied Users
  • Apply on bank holidays
  • 24/7 Services Available
  • 99.5%Customer Satisfaction

What are the Loans for Unemployed? Easier Terms to Understand

Loans for unemployed are the kind of personal loans provided explicitly to individuals with no full-time employment. They are the primarily provided for the shorter duration and with smaller amount as compared to other standard secured loans. The direct lenders in the UK like us usually employ flexible lending terms so that borrowers can avail loans on acceptable norms.

We offer loans for the different classes of jobless individuals, such as:

  • Those, who do not have a regular monthly income;
  • Those who are the single mothers;
  • Those, who are physically disabled with no job in hand;
  • Those, who are as unemployed students

As a responsible lender, we arrange the lending terms and conditions as such that would suit your repayment capacity. As far as repayment is concerned, borrowers have the option of using their part-time income or the benefits that they are receiving.

Why Loans Are Important As I Already Have Benefits?

Availing loans give you the much-needed backup to cope up with the unexpected expenses during the jobless days. You may have government benefits, but they cannot assist you all the time. The significant problem is that some lenders do not accept the loan application of the borrowers just because they are already receiving government grants.

We are not among them. Indeed, we have specialized and personalized loan offers no matter you are receiving benefits or not. Some other unemployed loan advantages that you get from us are:

  • You can use the benefits to repay the loan, as direct lenders are open to accepting them
  • You can make use of government benefits for regular financial activities and keep loans for others
  • Loans can provide you instant financial relief with fewer numbers of obligations these days

Can Unemployed Eligible for Home Credit Service?

Loan Amount Guarantor Eligibility Document Requirement Income Status
Up to £1,000 NO NO yes*
Between £2,000 and £5,000 NO NO Yes
Between £5,000 and £10,000 NO Yes Any One Yes
Between £10,000 and £15,000 Yes* Yes Any two Document Yes
£15,000 Above Yes All Details Yes

Yes, of course. Loan Store favours all the unemployed people in the UK with doorstep lending services. Before going on the simplest procedure to avail the service, we would like to inform you that we have experienced and qualified loan experts. They are professionals to guide you during the loan process at your home and provide the best offers to suit to your circumstances.

Do you want to apply now? Follow these steps:

  • You need to approach us via email
  • We will send our representative to your home
  • Discuss your priorities with him and complete the process

Remember, you will be handed over the needed cash (that you have mentioned in your email) on the spot.

Unemployment is the biggest curse that dismantles all the balance of your financial life. Loan Store, a FinTech lender in the UK, offers the personalised deals in small loans for unemployed people.

You must be wondering why a lender will lend money when you are out of work? Of course, it does not mean that you will get money when you have zero income. You can take out unemployed loans if you prove your repayment capacity by showing any other income source such as a part-time job or freelancing.

Being unemployed is very tough to live, and we understand all the compulsions that you are facing now. It is the reason why we have framed the bespoke deals on the emergency cash loans for unemployed, which one can avail on easy terms and conditions. Do not hesitate to familiarise us with all your problems, and we vow to solve them by keeping your interests on priority. These are the features that enough to attract your finances:

  • Simple application
  • Instant approval
  • Quick transfer of funds

Not all lenders approve Payday loans for the unemployed, but we understand that you can come up an emergency even if you are out of work. At Loan Store, we have been working for the financial benefits of the jobless Britons and for the problem of unemployment for quite long, and this has given us the edge on these types of loans.

We understand the tough conditions in the post unemployment scenarios. The sole purpose behind offering short-term finance for jobless people is to ensure enriching lives and greater financial freedom for them.

Don’t Depend On Others, Apply for Bad Credit Guaranteed Loans Directly

Unemployment does not only affect you financially, but it also devalues your financial status. As everyone knows that applying for the loans does require a guarantor to co-sign the loan agreement, who can guarantee on-time repayment on behalf of the primary borrower. When unemployed struggles to find out the guarantor, then it becomes a lot tougher for them to get approval for the loans. Loan Store is indeed a different place to apply for the loans.

Apply here the loans for unemployed with bad credit no guarantor and see the difference in the lending policies. We are the modern age lender and always committed to offer the best financial assistance in the best financial way. You do not have to rely on others; instead, apply directly for the loans and receive instant loan approval.

The exemption of no guarantor is also applicable for the unemployed people with bad credit score. They too face the tricky situation because no one wants to believe those, who have lost the job and also struggling with Poor credit situation. But we definitely trust their financial capacity and allow loans without guarantor unemployed claim.

Here are some other benefits that we have brought with these unemployed loans:

Discount for first-time borrowers: We welcome everyone to come and avail our loan services. The jobless people, who are applying for the first time for loans, can expect extra discount in the interest rates. This is despite soft credit check that we do on their profiles.

Doorstep Services for physically handicapped people: The disabled persons, who have lost their job, can opt for our cash-at-the-door service. Our agent will come to their home and help them to complete the procedure. Same person will come for collecting the repayment too.

Dedicated Financial Guidance: This makes our services quite different from other direct lenders in the UK. We give you free financial advice along with the loan deals. Our experienced loan experts help you to choose the right offer according to your capacity and condition.

No More Compulsions until Finding a New Job, Unsecured Loans will Help for Unemployed

If you are serious about making your unemployment easy, Loan Store will give you the smart and flexible lending offers right away. These Instant cash loans will provide you a financial help, which is enough to ensure the days free of any monetary constraints.

We offer the following loan benefits where the borrowers:

  • Have funds disbursed into their accounts to meet the burgeoning financial needs.
  • Have the loan approval coming along your way.
  • Not have to pay the upfront fee.
  • Have the loans on low interest rates.
  • Have the loan approved over the phone too.
  • No hidden surprises
  • Same-day funds transfer
  • Online Loan Application
  • No Documentation
  • Guaranteed Loan Approval
  • Instant Fund Transfer
  • No Guarantor Required
  • No Hidden Fees

Practical Lending with Full of Purposes

Loan Store works on practical and indeed the most effective lending procedures, keeping the financial issues related to the unemployment on the ebb.

Our bespoke loan deals will make a realistic difference in your life, as they include exemptions like no guarantor, no credit check and no documentation. As a follower of FinTech lending, we assure equal funding opportunities for unemployed people with bad credit.

Get quick offers on reasonable borrowing rates. These offers are exciting and work to your purpose. Discuss the options with the representatives of Loan Store and we vow that you are going to receive much-needed financial outcomes.

FAQS

What are unemployment loans?

Unemployed loans are the personal loans dedicated for the financial wellbeing of the jobless people. Here, one thing is crucial to mention that these loans are especially for those not having a FULL-TIME job. People with part-term income or self-employment are eligible to obtain loan benefits anytime and anywhere. They can convince the lender on the repayment part with their side income. Primarily, the loans for unemployed are accessible for smaller amount or during financial emergency.

Can I get a loan while unemployed?

Yes, you can get a financial help even if you are unemployed by presenting documents related to:

  • previous salary receipts
  • current savings
  • good credit score
  • bank statements

You just have to secure your planning to make an on time repayment and the disbursal is yours.

How can I get an unemployed loan?

You can an unemployed loan from any direct lenders like Loan Store. You just need to search online for this type of service and apply for a suitable loan option. In today's job market, nothing is secured. Anybody can loose their job and become jobless due to various reasons. And in the absence of a regular income, it becomes hard to manage the life. So in this situation a loan can be of immense help.

Can I borrow money if I am unemployed?

There is no doubt in your chances to borrow funds if you have lost the job. Do an in-depth research of the marketplace and you will see a plenty of deals available on unemployed loans. You can go online to apply for these loans and have the quick benefits to your financial favour.

However, you need to have some sorts of income capacity to ensure the timely repayments. That you can do with these options:

  • Part-time employment
  • Freelancing
  • Receiving rental income
  • Government benefits

The direct lenders in the UK can accept either of these as the repayment sources and provide you with guaranteed loan approval.

Can I get a no guarantor loan if I am unemployed?

Yes, you can get a no guarantor loan if you are unemployed provided you have an additional income source. Even unemployed benefits can serve as your income to repay the loan. No guarantor loans can help you as long as you need a small amount of money.

Are there any loans for the unemployed?

The UK marketplace has plenty of options available especially for the unemployed people. The main thing for the lenders is the repayments that they want from the borrowers. Not just the short term loans but also the long term loans available for jobless people. Some other loan options may be

  • Payday loans
  • Poor credit loans
  • No guarantor loans
  • Emergency cash loans

However, requesting for short term loans would be more suitable for the unemployed because they can easily repay them through their part time income.

How do I get a loan if unemployed?

Getting the jobless is not easy not only in terms of losing the money but also in losing the borrowing opportunities. But there are a few online lenders in the UK like Loan Store who offer loan for unemployed on affordable terms and conditions like:

  • Borrowers can get approval on a part-time job
  • Providing guarantor may not be compulsory
  • Applications are invited only online with no paperwork
  • Repayments can be ensured on the next payday or easy monthly instalments
  • Approval and fund disbursal can be done on the same basis

These pointers ensure that getting the loan if you are unemployed is not a difficult task.

How can I get a personal loan while unemployed?

It is very easy to qualify for personal loan while unemployed. You only need to approach a direct lender that follows flexible lending. It may give you the option of ensuring the repayment, other than income source, from these ways:

  • Part-time income
  • Rental income
  • Government benefits
  • Bringing a guarantor
  • Having a good credit score

Loan Store accepts any of these repayment modes and gives the leverage of guaranteed loan approval.

Can an unemployed person qualify for a loan?

Yes of course. We all are living in the modern-day world where everything is possible for everyone. Your unemployment does not make any difference whenever you apply for the loans. However, what matters is where you are going to apply? In order to prevent the hectic schedule of mainstream lenders, approaching the private lenders in UK is better option. They have the provision of instant loans for unemployed people, which are available online and including following benefits:

  • Competitive APRs
  • Repayments are easy to follow
  • 100% online application and fund disbursal
  • Minimum obligations involved for small amount
How can I get an unemployed loan with no guarantor?

It has now become easier these days thanks to the growing sphere of online lending. The lenders belong to this are ready to disburse unemployed loan with no guarantor required at all. However, they still have three expectations from the borrowers. These are:

  • Only small amount is requested to borrow
  • Borrowers must have part-time income to ensure the repayments
  • They have to ensure lender that they must clear an interview within a time frame

Fulfillment of either these conditions allow you an easy approval on the unemployed loans.

Can I get loans for unemployed with bad credit?

Yes, loans for unemployed for bad credit people are available at the online lending platform. Several reputed direct lenders in the UK offer these loans on competitive rates despite having not so good credit score of the borrowers. The lenders generally follow either the soft credit check or no credit check process paving the smooth way of loan approval. Besides, providing guarantor and collateral are also not mandatory, but acceptance will be based upon the borrowers’ income status.

Who can apply for a coronavirus unemployed loan?

Amid corona virus if a person is jobless or retired can avail the financial assistance of corona virus unemployed loan. The lender accepts flexible criterion of presenting the income facility to ensure the disbursal with ease.

apply now