Loans for Unemployed
You are still eligible to apply for a loan, even if you are unemployed or on benefits. Get an instant decision with no fees and no credit checks.^
Representative 79.5% APR. Warning: Late repayment can cause serious money problems. For help, please go to Moneyhelper
We are an authorised credit broker and not a lender.
Representative 79.5% APR
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed) Representative APR: 79.5% (variable)
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
Loans for Unemployed from Lendability
If you are currently unemployed, it may feel like applying for a loan is a pointless task, but we do have some lenders that are able to lend to people that are receiving benefits.
You’ll usually find loans for unemployed will be for smaller amounts, but it is possible to get one.
The best way to find out if you can get accepted for a loan if you are unemployed is to use our Eligibility Checker and we’ll try and find you a loan from one of over 40 trusted lenders.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
Loans for Unemployed
Am I eligible if I have no income?
If you have absolutely no income then it would be unlikely that you would be accepted, if you have benefits or pension payments then you could get accepted.
Will I have to provide proof of my benefits?
Possibly, yes – it really depends on the lender that accepts your application.
Will I have to pay any fees?
No, we do not charge any fees and you should never pay a fee to a lender in order to secure a loan.
Is Lendability authorised by the FCA?
Yes, we are a fully licensed credit broker.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.