It's no secret that today many are thinking about how to get a loan to the unemployed. Unfortunately, the current trend is that every person can be fired or fall under staff reductions. However, non-working people also need borrowed funds, and for many this is the only way to make a major purchase.
Bank requirements tightened
In times of crisis in the economy, non-repayment of loans has become quite common, so banking institutions have tightened the conditions for issuing loans for borrowers. It would seem that the answer to the question of how to get a loan to the unemployed, suggests itself. However, not everything is as pessimistic as it might seem at first glance. Nevertheless, there are several options for solving this problem. Let us dwell on them in more detail.
So, you were fired, and you urgently need money. Only one question stuck in your head: “How to get a loan to an unemployed?” What can be advised in this case?
Express loans
Today it is the most common solution to financial problems. The lion's share of banking institutions practices this service. This type of loan belongs to the consumer category, and you will receive money in exchange for a minimum list of documents. You will be required to have a passport / military ID and two stationary phone numbers, whose subscribers could verify your identity. As a rule, approval of the transaction by the bank management takes about one hour.
Of course, financial institutions take risks by giving money to borrowers, so using the described method you can get only a small amount of money. So, if you are initially planning on buying an apartment or car, you should use a different lending program.
Remember also the high interest rates when making microloans (from 30% and above).
Factors Affecting Loan Agreement Approval
Those who are particularly concerned about how to get a loan to an unemployed person should know that caution should be exercised if a program is proposed “without information on income and guarantors”. In reality, behind such a tempting offer lies a usual deception, and the documents will still require you. Consider the main criteria that guide bankers in approving a loan agreement.
Availability of additional sources of income
If you can confirm that, despite your status as unemployed, you have any sources of income, then this will increase your chances of getting a loan. For example, if you work informally, you can call your employer, who will confirm the fact of your employment.
Impeccable credit history
If in the past you already wondered how to take out a loan to an unemployed, and subsequently borrowed money from banks several times in a timely manner, then your chances of getting a new loan amount also increase.
Current credit load
Carefully analyze the current state of affairs regarding the delinquency and the number of outstanding loans that you issued in the past.
Calculate how much you spend every month to pay off debt, and decide if you can handle a new loan. Be prepared to give an answer to a bank employee to this question.
Liabilities
If an officially unemployed citizen owns expensive property (house, car, land) that can be encumbered with pledge, then this fact will also accelerate the adoption of a positive decision on the issue of a loan.
Guarantors
If you are worried about how to take out a loan for the unemployed, then you should know that in some cases the bank does not issue a loan without signing a surety agreement. The guarantors are usually relatives, friends and acquaintances - they bear the responsibility for repaying the loan if the borrower ceases to make payments for one reason or another.
Loan broker
A person who is forced to solve the problem of how the unemployed can get a loan can resort to the help of an intermediary - a loan broker, who will take a percentage of the work done either from the borrower or from a banking institution.
In the latter case, a partnership agreement with the financial structure should be drawn up, which clearly defines the size of the intermediary's remuneration. However, in most cases, a non-working borrower pays for brokerage services.
Credit cards
Currently, obtaining a loan to the unemployed is a troublesome procedure, but quite feasible. Banking institutions are actively practicing a service such as issuing credit cards. It should be noted that its conditions are quite loyal, and getting a plastic card is somewhat easier than issuing a full-fledged loan.
However, the disadvantage of such a lending program is the fact that the borrower can manage a small amount of cash (from 30,000 to 50,000 rubles). If you show your good faith and make timely payments on loans, then the limit can be increased. The advantages of this lending program include the fact that an interest-free period of up to 55-60 days is provided, during which no payments are charged.
We emphasize once again that the easiest way to solve financial problems for the unemployed is to issue a microloan. And you can do this in minutes in online mode.
Money will be given to you quickly enough, but be prepared to pay high interest.
Where to go
Not sure where to go to get a loan? You can advise several financial institutions.
"Renaissance Bank"
Those who do not know where to get a loan to the unemployed can recommend Renaissance Bank, which can lend from 300,000 to 500,000 rubles. The size of the annual rate varies from 15.9 to 69.9%. The decision on this loan is approved within 15 minutes, and you choose the method of receiving money - you can be issued in cash or issue a credit card in your name. The application can be submitted online, which is very convenient.
"Home Money"
At Home Money, an unemployed person can lend between 10,000 and 50,000 rubles. Again, documents can be executed via the Internet, and the borrower indicates contact information about himself, the amount of the loan, the desired payment deadline and passport information. You also ask to draw up the necessary documents and issue a credit card in your name. If the loan is approved, then wait for the agent to visit, who will sign a loan agreement with you and issue a plastic card through which you will make financial transactions.
After that, you just have to go to the ATM and withdraw the desired amount of money, which you can spend exclusively at your discretion.
Short term loan
It should be noted that some funds (from 500 to 15,000 rubles) can be borrowed for a short period from a microfinance organization. As a rule, money is provided for one month, and the size of the interest rate is quite acceptable. All documents are also processed online.
As you can see, even an unemployed person today has the right to count on a loan.However, before issuing it, you need to carefully analyze the degree of your solvency.
