Unemployed Loans

Loans for the unemployed on the same-day payout

Do not let unemployment play havoc in your life! You can continue with proper cash flow if not through the full-time income. Of course, you must be earning part-time income or getting unemployment benefits, but we are talking about unemployed loans in the UK.

There is no need to search any further for the best deal, as Everydayfunding can be your port of call without any doubt. Over the years, we are gaining experience in handling the financial needs of a jobless person. Most occasions, maintaining usual payouts becomes a challenge when you are out of a job. Time is to get instant loans with our support without facing any hassles.

Approach us to witness an exclusive occurrence in your life. Our proposal will enlighten you on whether getting loans is affordable with us.

Key factors of a loan offer £1000 to £10000
Length of repayment 12 to 60 months
Fee structure Competitive fees with no upfront charges

Key factors of a loan offer

This way, you can avail of the benefits coming from direct lender loans when cash-strapped with no job. The best part is that it will not involve any broker. Thus, the loan price will not shoot up in the name of hidden fees.

Representative Example

Borrowing £1500 over 6 months at Representative 49.9% APR and Interest rate 49.9% p.a. (fixed) with monthly repayments of £287.62 and a total amount payable of £1725.72 All our loans terms from 6 to 36 months.

Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

What are same-day loans for the unemployed?

Loans on the same-day define a loan arrangement wherein you can avail of quick access to funds despite being jobless. It enables you to meet the urgent payouts you cannot settle due to cash shortage. Tackling unpaid cash issues will not be trouble for you anymore.

Do you wish to get same day payout? We have accelerated the lending process to ensure you receive loans quickly. Our offerings feature our offbeat way of working. We evaluate your other income sources when processing your loan request.

What do we do to provide you with an exceptional experience?

  • Allow untroubled borrowing: We offer loan approval on the exact date of its applied date to create a swift process. It facilitates easy borrowing despite lacking a steady source of income.

  • Freedom to express your preference:With us, you will be able to pick up any suitable amount. However, we will fix the extent to which you can borrow. We will take the final decision on the loan amount after assessing your affordability.

  • Analyse and accept: Firstly, you should evaluate every element of the loan proposal. Rest assured, to get loans at reasonable rates. You can ask us to change anything if you find it irrelevant or beyond your capacity.

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Can I get unemployed loans for people on benefits?

Certainly, we have already shed light on our acceptance of other income means. Therefore, getting unemployed loans on benefits will not be troublesome for you. It is very unlike other direct lenders in the UK, particularly the mainstream lenders. They usually hesitate to accept benefits and still consider jobless people as risky borrowers.

We are comparatively flexible than others and ready to accept any sort of benefit that you are receiving in the form of funds. Overall, the different types of income that we consider are:

  • Rental income
  • Payments from settlement
  • Disability benefits
  • Investment earnings
  • Pension
  • Freelance income

There is no doubt that acceptance will be there for any of these benefits. Still, we suggest you not go beyond your capacity. Go for loans when you have no other option to consider, otherwise try to manage small funding issues from your income only.

There is another benefit of our financial assistance is that we have not restricted our loans to only unemployed people. Instead, we include other individuals as well who are getting benefits and want a loan based on them. To make it clearer, such quick loans in the UK are accessible for:

  • Student
  • Retired
  • Self-employed
  • Part-time earner
  • Business aspirants

What features to get when on benefits and need a loan today?

We acknowledge how people look forward to extensively getting loans for benefits. Keeping this in mind, we have tried to create loan opportunities for a jobless person with additional perks. We are not only considering your financial circumstances but also beyond this.

We want to give you solid reasons why you should emphasise our services. Get loans for benefit from direct lenders for the following facilities:

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  • No revelation of credit history

    You can seek our services irrespective of what your credit scores reveal. Since we do not want to ascertain the status of your credit background, no hard assessment will take place. You just have to undergo a soft search. This check is completely different from conventional checks. None will report it in your credit records. It will help us make sure that loan payment is doable for you.

  • Repayment will remain manageable

    Borrowing with us will be like getting instalment loans from a direct lender. There is no difference in the repayment procedure. These loans also allow you to repay in small amounts over an extended period. You should not focus on a short tenure to pay back the entire amount. You can stretch the term length to continue with smaller payments. Select the repayment pattern at your convenience.

  • Nominal requirements to fulfil

    If you are worried about qualification criteria, you should not be. The flexibility of our services is already evident to you. However, we have standard eligibility criteria that you must meet. Moreover, we have adjusted to the income requirement. Instead of a stable job, we are ready to accept income from any steady sources. You can apply for loans with us even on a temporary break from your previous job.

  • Get money on the go

    If everything is perfect in your application, we will process your request on the same day for loans on benefits. Our loan processing time is unbeatable. We accept applications online. In addition, we review it online to save a lot of time. Besides, we transfer the loan money virtually after approval instead of asking you to collect it manually. All these adjustments ensure we can provide you with a quick decision.

  • Assistance for credit improvement

    As mentioned earlier, we let you apply for these loans with bad credit tags. Our feasible repayment format facilitates easy repayment under any circumstances. The direct result of on-time payment will show up in the credit report. Such continuous, timely payments will reflect a positive outcome. Your credit scores will upgrade because of it.

Do unemployed loans come with any credit score barrier?

The credit scores of the applicants are the defining factors when approving loans for them. If it is good, approval is there. Otherwise, problems do come for those with less-than-perfect credit scores. For the unemployed, these problems take bigger forms.

There is nothing to bother about the situation as we are here with a proper solution. Unemployed loans are there despite poor credit scores, but at the same time, you get a loan on benefits today only. Is it surprising? You should not because we are the specialist lender for jobless situations.

We do a soft credit assessment of your financial record to ensure affordable loans responsibly unlike those of promising payday loans with no credit check. A no hard credit check helps us to provide you with a loan offer where everything is manageable from your part-time income.

Other benefits that we bring for unemployed people with bad credit scores are:

No guarantor: You have already shown your affordability through unemployment grants or part-time income. Therefore, you can easily get approval on these unemployed loans for bad credit with no guarantor while living on benefits. Once you get the funds, keep the focus on regular monthly instalments to improve your credit score.

No collateral: Since these are small loans, you do not need to pledge any asset to get the desired amount. Instead, you can show your affordability based on side income sources. These unsecured bad credit loans on benefits are risk-free for the unemployed, but they may have to pay higher interest rates than secured loan options.

What are the best uses of emergency loans for the unemployed?

Emergency loans for the unemployed in the UK can help you accomplish any urgent payout. We have structured our loan offerings to cover various purposes for you. There will be no obligation on the ways you want to utilise these loans.

You can easily diversify the loan utilisation in the following ways:

  • Manage study expenses

    While you are pursuing your academics, you must have limited earning sources. Losing the job adds more to your misery. During this situation, you can approach us to fetch quick funding as we provide instant loans for students. Use the funds to cover any of your study costs.

  • Immediate cash for urgent payments

    You may have to advance rent or pay utility bills. Who knows you need to pay urgent hospital bills too? Managing these with no full-time income can be tough but not impossible. You can rely on our loans and get money to make urgent payments.

  • Funds to become self-employed

    You don't need to use emergency funds for surprising costs only. You can utilise the borrowed sum of unemployed loans to become self-employed. Why not use the funds to start your own business? You can also go for our specialised start-up business loans for the same purpose.

Why Everydayfunding

As the responsible direct lender, we are committed to making bespoke loans for the unemployed where everything is affordable. Therefore, we do not mind if someone has a poor credit score too. Our conditions are not strict but rather adjustable. We look forward to maximising our features for our borrowers.

  • Supportiveness: You can come up to us for any query. We are prepared in every possible way to give you full support throughout.
  • Dedication: We not just focus on the present but also the future. It ensures enhanced services from our end, also.
  • Value for time: We acknowledge the urgency you might face as you are jobless. For this reason, we practice easy and small steps that would take much less time.
  • Protection: Your details are safe in our interface. Checking and maintaining the security protocol is our daily task.

Frequently Asked Questions

Can I apply for loans in the situation of Unemployment?

Is there any difference between loans for unemployed and loans for people on benefits?

Do our terms and conditions get changed for loans for the Unemployed?

Can I borrow more than my part-time income?

What unemployed loan benefits Myfinanicalloans Offers if I have fair credit?