A mini loan for the unemployed – is that possible? In macroeconomic crises, crises in individual sectors or even serious management mistakes in companies of all kinds, the employees usually always suffer first. Are you unemployed but in desperate need of money? The mini loan for the unemployed is just right for you! It does not have to be this, because a small loan for the unemployed can bridge financial bottlenecks and provide financial security.
Loans for the unemployed
It is not easy to get a loan for the unemployed. It is overcrowded with loan sharks, but you hardly get any serious conditions. The unemployed, who are desperate for funds to overcome difficult financial conditions, are indeed offered opportunities for self-financing. In the article Loans without proof of income, we have already prepared some financing alternatives.
Nowadays, we have focused on the people for whom employment has been terminated by a number of circumstances. Often, these people receive unemployment benefits, which in certain situations can not pay the fixed monthly costs. Why do you need a loan for the unemployed? It is important to determine the purpose for which you are taking out a loan for the unemployed.
As an employee you have become accustomed to a certain standard of life and it is not easy for you to reduce the fixed costs? Lending in this position would probably not be the wisest solution, especially if you can not predict when you will receive a fixed salary again. In most cases, you receive unemployment benefits.
If you find yourself afterwards in a difficult financial situation, you can apply for a loan with much more favorable conditions. If the job is not available and the pay is insufficient, there are still four limited opportunities. If your existence is threatened by a lack of funding, you can apply to the Public Employment Service for a loan application.
This is strictly marked and can only be used in urgent cases. In the event of a sudden failure of the refrigerator or if the children do not need to wear proper clothing, the employment office may claim a loan for the unemployed. Proof that this claim can not be covered by unemployment benefits is necessary.
Hire car from the employment office
You can also apply for a hire car from the employment office if you are in a remote location without public transport connections. Such loans are for social cases. The best way to find out whether you are eligible for a loan from the employment office is at your local employment office.
To resolve short-term financial bottlenecks, you can also submit a mini loan to Lite Lender. Only your personal details and your bank code are required for this. You can rent up to 600, – Euro for 30 days. This is a very good way to pay quickly.
When you go to your bank, you are usually immediately dismissed as unemployed. If you do not have that, it is almost impossible to have a bank loan. Loans are expected to be paid on the basis of regular financial grants, such as regular income. Unemployment benefit is not considered as income by credit institutions.
You ask your best friend or relative to sign a loan contract and borrow the necessary capital. If you know that you will soon have a regular monthly income, the loan can easily be transferred to you. In our contribution Credit without income proof, we have called private credits on P2P portals an interesting alternative.
This also applies to self-employed or students who usually have a different concern with their admission. Loans can help many people to realize their wishes. However, remember that a loan can bring with it a certain amount of responsibility. Only in times of crisis should a loan be used for the unemployed. If you find a tempting loan for the unemployed on the net with a quick receipt of payment, you should always read the terms of the contract carefully.
In the Austrian Chamber of Labor, a number of dubious lenders in the German-speaking area have been published. If you are looking for a loan for the unemployed looking for a provider that requires a down payment, you will not accept this. In most cases you will not receive a credit even after your payment has been made.
Never pay in advance and insurance for a loan agreement. If you find a suitable financing solution, you can use our repayment calculator to get a quick idea of your financing options.