Looking for loans for unemployed people? We might be able to find lenders!

Loans for unemployed people are finance options for those who don’t have a job. They can be for amounts between $500 and $2,000. If your application is approved by a lender, remember to read your loan contract thoroughly, as it will contain all relevant costs.

So, you’re unemployed. You’re not alone and you’re not without options.

Being unemployed can be a very unpleasant situation for anyone. In fact, studies show that joblessness is one of the greatest causes of unhappiness. Needless to say, being out of a job can be a tough thing to deal with.

To make matters worse, being unemployed can put you in a very tricky financial position. You are not earning as much as everyone else and are limited in your options. However, you still risk facing any of the unexpected expenses that crop up just like anyone else.

This could mean that you would need access to a loan. But you may be worried that because you are unemployed you might not be able to get one. What if we told you that there are lenders out there that can offer loans for unemployed people? Time to find out what you need to know about getting loans for unemployed people, don’t you think?

Can I get a loan if I’m unemployed?

At We Find Loans, we try to find lenders for all our clients – even if you’re looking for providers of loans for unemployed people. However, there are some basic requirements that you must meet before you can apply with our lender-finding service.

You must:

• Be at least 18 years old;
• Be an Australian citizen or permanent resident;
• Have been receiving a regular income into your personal bank account for at least the past 90 days;
• Have a direct contact phone number and email address.

So, if you tick those boxes then you’re ready to apply! However, the section regarding receiving an income for the last 90 days might make you feel uneasy, but don’t worry! We can consider Centrelink payments as income, as long as they are consistent and reliable. So, you just need to provide your Centrelink statements as proof of your regular income over the last 90 days.

Great – where? How?

To apply with our lender-finding service to find providers of cash loans for unemployed people, you just need to jump online. It’s as easy as filling out the online application form!

What happens if I can’t make a payment?

If you know you are going to be unable to make a payment, contact your lender as soon as possible. They may be able to set up an alternative payment plan for you.

However, if you don’t let your lender know that you can’t make a payment you may be charged a penalty fee. If you fail to make your repayments on a regular basis, you may default on your loan, which will harm your credit score. Therefore, it is important that you factor your loan repayment amounts into your budget. The final decision to take out a loan is up to you.

Alternative finance options for unemployed people?

If you are still having trouble getting loans for unemployed people there are some other options out there that are available to you.

Receiving Centrelink benefits means you may be able to apply for a Centrelink advance payment. There are no costs associated with getting an advance payment, it simply means that you receive some of your income support in advance.

If you’d like to find out more about Centrelink advance payments, visit their website.

There is also a scheme called No Interest Loan Scheme (NILS) that provide no interest loans for low income earners.

Regardless, if you meet the eligibility criteria and apply with our lender-finding service, we’ll do our best to find a provider of loans for unemployed people.

Terminology to look out for

Apply with We Find Loans today!