Can I get a cash loan for the unemployed in the United Kingdom?
Yes, you can get a cash loan if you are unemployed. However, getting such a loan is somewhat more difficult than for an employed person. In addition, credit terms may be stricter. Let's consider several ways to get such a loan:
- Instant cash loans no credit check. This type of lending does not involve checking credit history and creditworthiness.
- Quick cash loan for bad credit. Borrowers with bad credit history can get a loan
- Short-term cash loans. Loans are issued for a short period
- Credit Union Loans: Some credit unions offer loans to people with little or no income.
- Loans secured by a car or real estate are issued to unemployed people
- Social lending: Platforms that offer peer-to-peer lending are also ready to provide loans to borrowers who are not officially employed.
As you can see, there are offers for the unemployed on the consumer credit market. However, it is worth carefully analyzing the feasibility of such a loan, comparing several programs, because usually such loans are issued at high interest rates.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 6.30% | 171 |
| 5,000 | 7.30% | 198 |
| 5,000 | 8.30% | 225 |
| 10,000 | 8.40% | 455 |
| 10,000 | 9.40% | 509 |
| 10,000 | 10.40% | 563 |
| 20,000 | 10.50% | 1,138 |
| 20,000 | 11.50% | 1,246 |
| 20,000 | 12.50% | 1,354 |
| 25,000 | 12.60% | 1,706 |
| 25,000 | 13.60% | 1,842 |
| 25,000 | 14.60% | 1,977 |
How to get an emergency loan for bad credit?
There are situations in life when money is urgently needed. One of the ways to solve this problem is emergency loans. However, please note that the terms, interest rates, and borrower requirements for these types of financing are extremely strict. Therefore, before applying for a loan, it is worth analyzing well.
There are several ways to get emergency loans:
- Online lenders usually offer short term payday loans and same day loans. Some online lenders specialize in short-term or payday loans. We remind you that very often they offer very high interest rates, so you should use them carefully.
- Credit unions. The most affordable conditions will be for the members of the union
- Loans of guarantors. If you have a reliable guarantor who agrees to act as a guarantor for your loan, this will increase the chances and speed of granting the loan.
- Peer-to-peer lending platforms. P2P lending is an opportunity to borrow funds from individual investors, rather than from traditional financial institutions. However, it is worth carefully familiarizing yourself with the conditions.
You can see the similar FAQ at the link:
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Details of companies offering the financial services:
AIB Group (UK)
Head office’s address: 1 Undershaft, London EC3A 8AB
Phone: +44 (020) 764-733-00
Web-site: https://aibgb.co.uk
Swift code: AIBKGB2LXXX
Reference number: 122088
ABN: NI018800
BSB: AIB
Cash Compare
Head office’s address: London
Web-site: https://www.cashcompare.co.uk/
Cashfloat
Head office’s address: Office 8. 2A Highfield Avenue London, NW11 9ET
Contact center: 020-3757-1933
Web-site: https://www.cashfloat.co.uk/
Creditstar UK
Head office’s address: 17 Hanover Square, London, W1S 1BN, United Kingdom
Contact center: 020-3695-7544
Web-site: https://old.creditstar.co.uk
Evolution Money
Head office’s address: 9 Portland Street, Manchester
Contact center: 0161-814-9158
Web-site: https://enquiry.clarity-uk.com/
Fair Finance
Head office’s address: 18-22 Ashwin St, London E8 3DL
Phone: +44 20 8988-0627
Web-site: https://www.fairfinance.org.uk/
fancyapayday
Head office’s address: 470 Holdenhurst Road, Bournemouth, Dorset
Contact center: +44-330-223-0177
Web-site: https://fancyapayday.co.uk/
Fast Loan UK
Head office’s address: Shire Park, 2 Falcon Gate, Welwyn Garden City AL7 1TW
Web-site: https://www.fastloanuk.co.uk/
Got Capital
Head office’s address: 131 Finsbury Pavement, London
Contact center: +44(0)203 7500096
Web-site: https://gotcapital.co.uk/
Halifax
Head office’s address: The Mound, Edinburgh EH1 1YZ
Contact center: 0345-720-3040
Phone: +44 (011) 3242 19 84
Web-site: http://www.halifax.co.uk/
Stock code: HALP
Lending Stream
Head office’s address: Lending Stream, PO Box 10756, LEICESTER, LE3 4GX
Web-site: https://www.lendingstream.co.uk
Money Boat
Head office’s address: 5 Broadbent Cl, London N6 5JW
Contact center: +44-20-3818-7470
Web-site: https://www.moneyboat.co.uk/
Nationwide
Head office’s address: Nationwide House Pipers Way
Contact center: 0800-30-20-15
Phone: +44 (034) 5730 20 15
Web-site: http://www.nationwide.co.uk
Swift code: NBSMGB22
Reference number: 106078
Stock code: NBS
ABN: 355B
BSB: NBSM
NowLoan
Head office’s address: 272 Bath St, Glasgow G2 4JR
Web-site: https://www.nowloan.co.uk/
Payday UK
Head office’s address: Payday Loans Limited, The Charter Building, Charter Place
Contact center: 0800-302-9409
Web-site: https://www.paydayuk.co.uk/
Salad Money
Head office’s address: 49 Greek St, London W1D 4EG
Contact center: +44-20-3092-0896
Web-site: https://www.saladmoney.co.uk
Santander
Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN
Contact center: 0800-389-7000
Web-site: http://www.santander.co.uk/
Swift code: ABBYGB3E
Reference number: 106054
ABN: 02294747
BSB: ABBY
Solution Loans
Head office’s address: Hamilton House, 87-89 Bell St, Reigate RH2 7AN
Phone: +44 1737-886-202
Web-site: https://www.solution-loans.co.uk/
Sunny
Head office’s address: London
Web-site: https://sunny.co.uk/
Tesco Bank
Head office’s address: 2 S Gyle Cres, Edinburgh EH12 9FQ
Contact center: 0800-591-688
Phone: +44 131 203 5000
Web-site: http://www.tescobank.com
Swift code: TPFGGB2L
Reference number: 186022
Stock code: TSCO
ABN: SC173199
BSB: TPFG
THL Direct
Head office’s address: 470 Holdenhurst Road, Bournemouth, BH8 9AQ
Contact center: 0330-223-0177
Web-site: https://www.thldirect.co.uk/
TSB
Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH
Phone: +44 (034) 5975 87 58
Web-site: http://www.tsb.co.uk
Swift code: TSBSGB2A
Reference number: 119278
Stock code: 94AQ
ABN: SC095237
BSB: TSBS
Zopa
Head office’s address: London
Web-site: https://www.zopa.com/