Loans for unemployed until you get another job

When you lose a job, the first thought is always about how you will manage expenses. Well, your emergency fund may last for some days. Unemployment benefits may be supported longer, but the amount is never sufficient. In that case, loans for people with no job come as a natural choice.

Unemployment loans are short-term funding options you can avail yourself of while jobless. You need to prove your repayment capacity to obtain funds. Whatever source is available to prove it, use it and get instant approval decision.

GoBigBucks is a private lender that offers a wide range of short-term loans, including loans for jobless people. Our borrower-friendly deals and flexible repayment plans aim to provide you with financial ease.

Let us help you actually through an affordable loan deal. Apply now online for funds, and once approved, receive funds within 24 hours.

Varied aspects of an unemployed loan

Let us know the varied aspects of unemployed loans that help you apply for the right loan offer offered by a lender.

  • Interest rates

    The interest rate on loans for the unemployed can be variable and fixed. In the case of a variable rate, the interest rate may change in between the loan tenure. In the case of a fixed rate, the interest rate will be the same during the tenure.

  • APR

    APR stands for Annual Percentage Rate. It is affected by the latest regulations instructed by financial regulatory authorities. Besides the one on our website, you get to know the newest percentage on this aspect.

  • Payment options

    You have two online payment options. One is monthly payments, and the second is early repayment. For both types, no penalty or charge is included. Once you apply to use, we can always work on your repayment priorities.

  • Loan amount and term

    The loan amount can be €1000 to a maximum €10000, depending upon individual affordability and current financial circumstances.

Before you apply for loans for unemployed in Ireland,we will explain all the above aspects to you. Ask anything you want, and we aim to provide clarity to our borrowers. We work not only to lend money but also to spread financial literacy. You should know about the financial products you are going to obtain.

What are the benefits of loans with no job?

Unemployment loans have many benefits. A funding support system that supports you during your jobless days will be profitable. So, what benefits convince most people to depend on unemployment loans?

  • Affordable financial support - Loans for the unemployed provide you with affordable financial support. This means you get money when you need it the most. Also, the repayment is quite affordable. Customised deals make it convenient for you to pay back the loan. This is why unemployed loans are often called borrower-friendly loans.
  • No guarantor required -Isn’t it great that you can get unemployed loans without a guarantor despite no job? Just make sure you convince us about your creditworthiness and get fast approval. There is no need to beg anyone to be your guarantor or to help you attain funds. You can handle your financial issues self-reliantly. You can call or contact us on our customer support to know more about it.
  • Quick approval decision - These loans are designed for short-term and urgent needs. When you are jobless, you face many financial emergencies. That is why private lenders in Ireland have a quick approval decision policy. All you need to do is prove your essential repayment capacity and get instant approval. The faster the approval, the faster you attain funds.

Things to avoid when you apply for unemployed loan

  • Build credit score - Loans for unemployed people have affordable repayments. Due to this, you will be able to pay the instalments on time. This has a direct and positive effect on your credit rating. Mainly during the days of unemployment due to financial issues, when people's credit rating gets poor. By applying for loans for unemployed with bad credit, you can improve your credit rating by paying your expenses.
  • Exciting pre-approved offers -This benefit is available to existing customers of any lender. If you repeat a lender or your repayment history is good, you can get a larger loan amount. Get quick loans for unemployed people, attaining a desired amount. This is how you can ensure easy access to funds based on your credit purchase power.

How to qualify for loans for unemployed people?

You must take care of some things to qualify for an unemployed loan. All these facts are related to your personal financial condition. If you take care of these factors before applying for a loan, instant approval is possible.

  • Eligibility criterion - The most basic requirement to qualify for a loan is to meet the eligibility measures. Therefore, you must be at least 18 years old and a citizen of Ireland. You cannot proceed further in the loan process without fulfilling both conditions.
  • Provide proper details -It is essential to provide all the information required for the application process. It has often been seen that the borrower's credit rating and financial capacity are good but get rejected. It happens due to improper documentation.
  • Proof of repay capacity -Even after being eligible, you must provide proof of repayment capacity. You can mention your unemployment benefits or alternative income or savings. The lender should know whether they can pay back the loan or not.
  • Credit history -Loans for unemployed with bad credit and no guarantor from a direct lender are available. However, it should be visible in your financial records that you have started paying your bills anddebt on time. Possessing a good credit score is even more beneficial.

Why choose a direct lender for loans with no job?

You can choose a direct lender to provide loans to the unemployed. Let us delve into what convinces people to choose a direct lending company over a mainstream loan provider.

  • Speedy loan processing - Online loan companies have a 100% online loan process and online verification, saving time.
  • Transparent communication -Direct lenders always interact with borrowers to solve their queries. The application process is also traceable.
  • Personalized service- You get a loan offer that you can afford. Online lending companies offer loans depending on individual financial conditions.
  • Borrow despite bad credit - Yes, you can get money despite a lower credit rating if you prove your creditworthiness.
  • Bigger loan options are available -Based on creditworthiness, you can even apply for car finance for unemployed to enjoy getting a bigger loan amount.
  • Available across Ireland -Due to online presence, borrow funds anywhere in Ireland, whether Dublin, Cork, Sligo, Bray, Belfast, Limerick or Drogheda.

Considerations for loans for unemployed

Once you decide to take loans for the unemployed with bad credit, you need to work on some considerations. These are necessary to ensure a smooth journey as a borrower. Let’s read below the necessary aspects that demand your attention.

  • Check credibility before you apply - Don’t wait for the lender to tell you whether you qualify for an amount after the application process. Do a credibility check before applying. Use a loan calculator.
  • Be honest -When applying for the funds, consider your financial conditions. Submit the correct details and online document. Hiding doesn’t work as credit reference agencies reveal every secret to lenders.
  • Prepare a budget - Before you apply for funds, prepare a budget for repayments. It is necessary to ensure you make timely payments. Keep other expenses in mind, too, as repayments are not your only obligation.
  • Communicate about any issue - Stay connected to the lender if you face any difficulty in repayments. This way, you can work on possible repayment solutions with the help of the lender. Delaying or hiding things always makes things worse.
Apply Now

FAQs

What types of loans are available for unemployed people?

All types of short-term loans are available for unemployed people. These are quick loans, bad credit loans, small loans and personal loans. You can apply for any of these loans depending on your credit purchase power. However, the interest rates and loan terms will be decided on your affordability.

What documents do I need to get unemployed loans?

You need income, identification, and unemployment proof, such as a Department of Social Protection letter. Besides this, your consent to check your credit report may also be required. The more precise and proper you are in documentation (online), the higher the approval chances.

Can I apply for an unemployed loan with a pending court judgement?

In such cases, you may need to provide relevant legal documents from government officials describing your current status. Else, there is really no restriction on applying for loans for such borrowers. Everyone needs financial stability to live a stable life, as money helps grow and leave the past behind.

How long it takes to get an unemployed personal loan in Ireland?

It takes 24 hours to receive funds if you choose a direct lender. We just need to check your financial details and that online. Besides, as long as you have a strong repayment capacity, you always get funds on time. No fear of rejection and no reapplying for another loan.

How can I get the best deals on unemployed loans?

Two ways exist to get the best deals and repayment plans on unemployed loans. First, you need to have a strong repayment capacity. Second, you can look for any pre-qualified offers from your previous lender. Both situations provide you with the best deals on these loans.