If you are jobless or recently joined a company, it is really tough for you to borrow funds from the conventional funding sources. Getting the approval in the absence of a guarantor is an impossible task. However, there are alternative financing solutions that you can easily access without facing the regular hurdles. Loans for unemployed have brought a revolution in the lives of the jobless people who struggle to arrange funds to clear multiple debts. Now, they can meet daily expenses as well as make pending payments. Let’s discuss top irresistible features of these unsecured funds that you should know before you apply for them:
Apply Online Anytime Anywhere
The first priority of a jobless person is to search the next job as soon as possible. He gives many interviews and doesn’t have time to knock the doors of conventional lending companies for borrowing funds. Direct lenders understand the complicated lives of these people well and allow them to apply for easy and affordable funds anytime anywhere. You just need to fill the online form present on the lending website of any of the top direct lending companies. Some of them even allow the applicant to apply by sending a small text message.
Convenient Terms with No Hurdles
Unlike typical banks and conventional lenders, online direct lending companies offer loans for bad credit with no guarantor with no fees for unemployed on the easiest terms you have ever heard. No salary slips are required, no need to submit collateral, and no need to run after guarantors. These no liability funds allow the applicant to go stress-free in the minimal time. The highly competent team of various lending companies quickly reviews all the requests and gives prompt approval without troubling the applicants. People who have bad credit issues can easily apply with no credit check.
Affordable APR with No Hidden Surprises
Jobless people can’t afford high APR funds and direct lending companies know their financial status well. So, they always strive for lending small to large cash at the lowest APRs. Moreover, they don’t trouble their borrowers by asking extra charges. The total cost of borrowing is usually low as most them don’t ask you to pay processing or upfront charges.
Trouble-Free Repayments in Installments
The biggest worry of a jobless person is how to pay off the availed loan. With no income source and no savings, it is tough to repay in lump sums. However, it is so easy to repay loans for unemployed with bad credit. The direct lenders in the UK allow the borrower to repay in easy installments. You can choose the weekly, bimonthly, or monthly installment options. Borrow up to £50000 for 6 months to 10 years.