Welcome to Personal Loans for Unemployed
We all ask our friends or relatives for some cash when it is needed the most for urgencies like a car repair and paying off bills to avoid late payments charges. Unemployed people need cash even more as they have no source of income at present. They also have to make timely payment of many bills; some of them are unforeseen exposes. But unemployed persons of South Africa can rely on personal loans for unemployed to borrow the cash in the same day of applying of the loan. They are not subjected to any credit checks and they are not asked about the current employment status and still get the money in minutes.
We have contacts with the genuine cash loans or home loan lenders in South Africa. They are willing to provide the much-needed loan to the unemployed people without asking questions. We can arrange those lenders for you when you apply for the loan. We have a panel of financial experts who understand your cash needs. They will process your loan quickly and the loan amount will be in your account in the same day.
Who is eligible?
Even if you have no job at hand, you are eligible to borrow cash from the lenders. But you must fulfill the following conditions.
- Your age at the time of applying for the loan should be above 18 years.
- You must be a resident of South Africa.
- You must also have a bank account in your name.
As far as your unemployment status goes, you need not worry about it. The lenders want you to prove that you can repay the loan easily on the fixed date. You can prove that by showing your bank statements of the last three months. If you have some savings in your account, that is the proof that you can pay off the loan.
How much cash can you borrow?
Though you are unemployed, you can still borrow enough money to meet your unexpected expenses. A typical personal loans online or easy loans ranges from R 500 to R 150,000. So, your urgent and unforeseen expenditures can easily meet with such an amount.
However, make sure that you borrow only smaller cash that is good enough to pay for your urgent expense. If you borrow a larger amount for the sake of it, you may end up paying more money to the lender in the form of increased interest charges. The personal loans South Africa are already expensive loans, which mean you should borrow an amount that you can comfortably repay in one or two weeks only.Apply Now
When will you repay?
A fast loan for self employed is a medium term loan. The lender will give you the date for repayment. The lender will fix the repayment date that is 6 months to 1 year. This means that you can repay the loan within 1 year. Because you are unemployed, the lender cannot fix the repayment date as your next payday. But these loans for unemployed people are treated as cash loans. This means that you can repay shortly in a few weeks as per your convenience.
However, note that the interest rate on these loans is usually expensive. This is because the lender wants to cover the risks as these are unsecured loans. So, you must pay back the loan on or before the fixed date. If you delay the repayment for many days, you will be paying a larger amount in the form of interest charges.
Bad credit is not a hurdle
Bad credit history implies that the borrower has multiple cases of late payments and payment defaults. Credit rating and the credit score of such people is very low. Not only that, some people are even blacklisted to take a new loan as they have serious debts against their name. But we can find out the lenders who are giving personal loans for bad credit guaranteed approval.
When approving a cash amount for such people, the lender will only verify their repayment ability. So, if you can prove that you are capable of repaying the loan shortly, you will be approved the cash. You can even get loans for blacklisted people.
So, even when your credit score is very low and on the top of that you are unemployed also, the lender will still approve your application for cash. We can arrange these lenders for you.
How to apply?
Applying for the loan is a quick and easy process. We have provided an online application at this site. You need to fill your basic details such as your name, email address, home address, loan amount etc. Then, you will also upload some documents online while sending the application.
The documents you need to upload include your bank statement of past three months at least. The statement will prove that you are able to repay the loan. Since you are not employed, you are not supposed to upload your monthly salary, otherwise, unemployed loan borrowers have to prove their monthly earnings also.
If you have a bad credit history, you can apply on the same application for borrowing home equity loans with low credit score.
Once the lender considers you as the right candidate, you will get an email message or a phone call that your loan application and the cash have been approved. You will be asked to give your acceptance for the loan. As you accept the offer, the lender will deposit the cash in your bank account in a few minutes.Apply Now
From the above process, it is clear that emergency loans for unemployed people in South Africa are easier to borrow just as you need it. All you are required to fill out our online application and you will have the loan processed right away. Your status of unemployment is not at all a hurdle with us. If you can prove your repayment ability, you will borrow the cash just in time. So, get your loan application started with us right now for the cash to deal with an urgent payment of a bill.