What is the most intense desire you have when you lose job? Of course money, is that available easily? No, not at all. Of course not. As a support, you have your savings, some friends and family members to help (but for a while only). Nothing more than this, is in your access in the name of financial support.
But, one place is still in action to help you gather hope and get some money. Are you by any chance familiar with payday loans for unemployed by direct lenders? These are short-term online loans that are given to majorly salaried people. However, the other logic on which these loans are designed is the repayment capacity. If despite unemployment you can prove your repayment capacity, lender can give approval. This not a common practice in the established lending system. Only new age lending and lenders can afford to bring this unprecedented change.
The actual deal you get with unemployed payday loans
The procedure of attainment of funds starts from a simple application procedure. Visit the website of the lender, fill and submit the one page application form. Approval decision comes in a few seconds and fund disbursal happens in a few minutes. The process is 100% paperless and it takes nothing more than a few minutes.
To qualify for the loan, you need to present the salary slips from last company. Also, if there is any other income from rent, freelance work, part-time etc. then you should always present it. After all, stronger is the repay capacity; brighter are the chances of loan approval.
Customisation handles the repayments quite well
Once you get the funds in your bank account, the installments start. They are not hefty due to customisation feature, which ensures a smooth loan tenure journey. Pay back the money with ease, just do not forget to pay on time. Delayed or missed repayments will harm your credit record.
Obligations are not in the deal as the loan is of short-term
Payday loans are taken for very urgent needs and the amount limit is also small. There is no demand of obligations of collateral and guarantor. In fact, you can also search these loan options as – no guarantor loans for unemployed. However, this gives a rise in the interest rates but as mentioned above customisation helps. This is a great opportunity to feed your ‘no job’ days with the adequacy of funds. After all, money is the prime and only need to actually fight with the chaos of money crisis. From utility bills to unexpected expenses, all can be in control with the money obtained from payday loans. All your worries get a due solution with instant and speedy nature of online loans. Less time in formalities, no obligations, personalised pricing, there is so much to expect.
Some important features
There are certain qualities that always accompany the loan deals to ensure you a better borrowing experience.
No drama of upfront fee – The legal lending practices never include this fee. Lenders that take this fee do not deserve to get in the list of choices and you need to take care of that.
High approval rate – Oh, this one is most exciting. Yes, most of the loan applicants get approval. 9 out of 10 get a pleasant ‘yes’ on their requests. After all, what is the use of acting so stringent on short-term loans, lenders try to be flexible as much as possible.
No prepayment penalty – Yes, there are no prepayment penalties. If you want to pay off the loan amount before the completion of the loan tenure, you can do that without any penalty.
The above things say that you can always have a smooth escape from the jobless money crisis. Just keep in knowledge the most appropriate option that can be explored at the time of need.