Unemployed Loans | Loans For Unemployed @CreditRaters.com
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  • Loan Amount
    £125 - £500
  • Loan term
    2 - 3 Months
  • Interest
    292%
  • APR
    1306.21%
£200 loan taken out over 3 Months (83 days). Annual rate of interest 292% fixed. Cost of credit £113.08. Monthly Payments: £104.36, £104.36 and £104.36. Total amount payable: £313.08 THL Direct
  • Loan Amount
    £100 - £1000
  • Loan term
    1 - 5 Months
  • Interest
    292%
  • APR
    1270%
REPRESENTATIVE EXAMPLE: Amount of credit £250.00 for 30 days, Total amount payable £310.00, Interest rate 292% (fixed), Interest £60.00 Piggy Bank
  • Gold Trusted Service on independent rating site Feefo
  • Completely online service
  • Flexible repayments periods of between 7 days and 5 months
  • Part payments accepted during the loan term
  • Loan Amount
    £100 - £700
  • Loan term
    1 - 6 Months
  • Interest
    274%
  • APR
    1079.24%
Amount of credit: £300 over 4 months. Interest: £170.45. Interest rate: 274%pa (fixed). Repay with 4 payments: 1st payment £142.50, 2nd payment £125.63, 3rd payment £109.88, 4th payment £92.44. Total amount payable: £470.45. Representative 1079.24% APR. Creditstar
  • Existing customers borrow up too £700
  • Reputable UK direct lender, delivered over 1 million loans
  • If approved, funds will be sent within 30 minutes
  • All credit considered, must be employed
  • Loan Amount
    £100 - £400
  • Loan term
    5 - 8 Months
  • Interest
    102.4%
  • APR
    433.5%
Representative Example: £200 loan repayable over 33 weeks at £10 per week, Rate of interest 102.4% p.a fixed; Representative 433.5% APR, Total amount payable is £330. Morses Club
  • Loan Amount
    £250 - £1000
  • Loan term
    18 - 18 Months
  • Interest
    205.2%
  • APR
    989.9%
Representative example: If you borrow £400 over 18 months at a flat rate of 205.2% per annum (fixed) with a representative 989.9% APR you will make 18 monthly payments of £90.62, repaying £1,631.16 in total. Simple Fast Loans
  • Repay your loan early and you'll pay less interest
  • Face to face consultations available throughout the UK
  • Receive funds in as little as one hour
  • Convenient repayments that can be made weekly, fortnightly or monthly
  • Loan Amount
    £80 - £800
  • Loan term
    0 - 1 Months
  • Interest
    292%
  • APR
    1281.8%
Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR. 247Moneybox
  • Cash paid into your bank account within 24 hours of acceptance
  • Existing customers can borrow up to £800
  • Simple, easy to understand interest rates and repayments
  • FCA regulated and committed to responsible lending
  • Loan Amount
    £1000 - £15000
  • Loan term
    48 - 60 Months
  • Interest
    20.33%
  • APR
    39.9%
Representative Example: 36 Monthly Repayments, borrowing £5,000. Total Amount Payable: £8,049.60. 39.9% APR Representative. Rate of Interest 20.33%, Fixed Flat Rate. Monthly Repayment: £223.60. TFS Loans
  • Considers bad credit, CCJs, debt consolidation
  • Loan can be paid in hours if approved
  • Award winning trusted guarantor lender
  • Loan Amount
    £500 - £15000
  • Loan term
    12 - 60 Months
  • Interest
    Variable
  • APR
    49.7%
Borrow £4,000 over 36 months. Monthly repayment of £194.78. Total repayable is £7012.08. Interest payable is £3012.08. Fixed APR of 49.7%. Interest rate of 41% per annum. Representative APR 49.7% (fixed). Talk Loans
  • Submit your application to multiple lenders
  • High chance of approval
  • Rates from 29% APR to 69.9% APR
  • Loan Amount
    £3000 - £50000
  • Loan term
    12 - 60 Months
  • Interest
    10.87%
  • APR
    21.8%
GOOD CREDIT SCORE: Loan amount £5000 – 48 monthly payments £129.17 Total cost of credit £1200.16 – Total amount payable £6200.16 – Representative example 12.9% APR. This is a yearly flat rate of interest of 6%. This is a fixed rate.
WhatCredit
  • Low Rate Car Finance Packages
  • Choose The Car From Any UK Dealer
  • Finance For Good & Bad Credit Profiles
  • Same Day Drive Away Car Loan Schemes
  • Flexible Repayment Terms For Your Car Loan
  • Loan Amount
    £3000 - £25000
  • Loan term
    12 - 48 Months
  • Interest
    25%
  • APR
    27.4%
Representative example – Vehicle price £5600.00, annual interest rate 25% (fixed), charge for credit £4200.00 (inc. option to purchase fee of £10.00), total amount payable £9810.00, 36 monthly installments £272.50. Representative APR 27.4% – subject to status. Get Me Car Finance
  • Loan Amount
    £500 - £5000
  • Loan term
    3 - 24 Months
  • Interest
    20%
  • APR
    40.70%
Representative Example: Amount of credit £1000 repayable by 24 monthly repayments of £58.33 at a fixed annual interest rate of 20%, Representative APR 40.7%. Total cost of credit £400. Total amount repayable £1400.  MotorKitty
  • Same day payout available to borrowers
  • Bad credit and CCJs considered
  • The lowest average rates in the UK (Mar 2018)
  • Loans available up to £5,000
  • Loan Amount
    £500 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    40.90%
  • APR
    49.50%
Representative Example: Borrowing £4,000 over 3 years at an interest rate of 40.9%p.a. (fixed), you will repay 36 monthly payments of £194.55. Interest payable £3,003.80. Total repayable £7,003.80. Representative 49.5% APR. TrustTwo
  • Guarantors who are homeowners, tenants or living with parents are considered
  • Funds can be issued within 24 hours of acceptance
  • Improve your credit score by making timely repayments
  • No fees are charged at any point. Ever.
  • Loan Amount
    £500 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    24.20%
  • APR
    47.8%
Representative Example £3000 over 3 years, representative 47.8% APR Fixed. Monthly payment £143.84. Annual interest rate 24.2% Fixed. Interest payable £2178.24 Total payable £5178.24.
1Plus1 Loans
  • Fantastic loan guarantor product to help those with poor credit
  • Loans are flexible and can be used for any purpose
  • Great for parents who want to help children build their credit score
  • Online customer service team that operates 24 hours per day
  • Loan Amount
    £550 - £50000
  • Loan term
    12 - 36 Months
  • Interest
    159.70%
  • APR
    450.5%
If you borrow £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR you will repay 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total. Loans2Go Logbook Loans
  • Use your vehicle as collateral to increase the chance of acceptance
  • Generous and flexible loan terms of 12 – 36 months
  • Retain complete use of your vehicle during the loan
  • A lender with more than 15 years of industry experience
  • Loan Amount
    £250 - £1000
  • Loan term
    4 - 12 Months
  • Interest
    255.50%
  • APR
    839.20%
Representative Example: Borrow: £500 for 6 weeks. Repayment method: One Payment. Interest rate: 255.5%. Total repayment of: £647. Representative: 839.2% APR.
The Money Platform
  • A revolutionary peer to peer lending platform
  • Borrow up to £1,000 over a term of up to 12 weeks
  • Receive funds on the same day that you're approved
Other types of loans

Loans For Unemployed

Getting a payday loan whilst being unemployed has been a big challenge for would be borrowers. Banks have tightened their belts on lending which has isolated many unemployed people from the lending market.

Just because you’re currently unemployed shouldn’t mean that you can’t get access to credit when you need it most.

At CreditRaters.com, we work with a huge range of lenders who specialise in providing payday loans for unemployed people, helping them to quickly access the credit they need when they need it most.

Read on to find out more about how unemployed loans could help you to get your personal finances back on track.

How Do Loans For Unemployed People Work?

Historically, unemployed loans have been a rarity in the UK market. With high street banks having dominated lending for many years, unemployed loans became even harder to come by following the financial crash.

Fortunately, this gap in the market was quickly filled by new, innovative lenders who revolutionised the way those who are unemployed were able to apply for finance.

You’ll be able to borrow money in exactly the same way as with a traditional personal loan, except other factors away from your employment status will be taken into account. Ultimately, lenders simply want to see that you’re able to afford your unemployed loans repayments, either through benefits or other types of income that you’re able to show.

What Unemployed Loan Are Available?

As well as standard personal loans which will simply lend you money based on your circumstances, there are other unemployed loans options available which can help to increase your chances of acceptance.

If you’re struggling for credit then guarantor loans are becoming an increasingly popular alternative for unemployed borrowers. The lender will have the security of knowing a guarantor is happy to take on your repayments should you ever be unable to pay, reducing the risk of your application.

Your vehicle can also be used as security for finance thanks to logbook loans. You’ll still retain complete control of your vehicle, but the lender will take on legal ownership until the balance has been repaid.

Don’t forget – we also work with specialist bad credit lenders who may be able to help you should your credit score be holding you back. Get a personalised comparison today for more information on these bad credit loans.

How Can I Apply For Unemployed Loans?

Applying for unemployed loans has never been easier thanks to the intuitive loan comparison platform at CreditRaters.com. We’ll use your information to compare hundreds of loans from across the UK market, helping you to compare interest rates, repayment options and borrowing amounts in seconds.

Simply choose the loan that best matches your circumstances, provide a few final details about you and your finances and receive an instant online decision.

If accepted, the majority of lenders are able to arrange payment to your bank account on the very same day, leaving you to focus on getting your finances back on track.

Find out how CreditRaters.com can help you by picking up your free, no obligation comparison today.