Unemployed Loans | Loans For Unemployed @CreditRaters.com
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  • Loan term
    - Months
  • Interest
  • APR
Loan MR
  • Loan Amount
    £100 - £5000
  • Loan term
    1 - 24 Months
  • Interest
    49.9%
  • APR
    49.9%
Representative example: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative (variable). CreditSpring – £250
  • Borrow £250 twice a year, available on demand
  • Membership fee is £6 per month (£72 a year)
  • Repay each advance in 4 monthly payments
  • 0% interest rate, you pay back only what you’ve borrowed, plus your monthly membership fee
  • 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.
What Credit
  • 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
    £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 - £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
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.