The fact that a loan is to be taken is no longer a rarity today. For many banks, it is rare for a person to ask for a loan that has no work.
An instant loan without work is actually not difficult to get. Banks do not necessarily need a salary receipt as proof of liquidity, but can also help other income here, that will get a loan. Thus, an instant loan can be secured with the income from pensions, from leases, etc. Loans can be obtained even without fixed work.
Is a loan without work really possible?
In practice, this looks quite different. So it is not easy for the online loans, which are known to be the cheapest, that without a job a credit agreement is created. Banks will not check the applications that come in online as carefully as if they were checked by hand by a member of the store. If the system detects that no job is specified, you will immediately reject the instant loan.
It would not have to go that far. If the banks were to take account of other income, many more people would receive the loan.
It is therefore always recommended that, in addition to the online loans, even banks that have a local branch are in demand for an instant loan.
Banks do not rate revenues that are available at regular intervals directly as income. It would have to be that way. A borrower who receives a pension has the same conditions as the one who receives a worker’s income. Not only that, but the conditions are actually much better. The employment relationship could be terminated so that the income would disappear. However, the pension will not come so far, so this source of income will be much safer. No work does not directly mean that an applicant is not liquid and can not pay the loan installments.
An applicant who is out of work, but can prove that he has other means that are equally valued, should not be directly rejected by the banks.
Borrowing for an unemployed person
The situation is different when a person capable of work applies for a loan but receives unemployment benefits. Most banks agree that lending is excluded. And for good reason. Social benefits are paid to cover livelihoods.
Spending on food, clothing, etc. should be more important than using the money for a loan repayment. And with the small payments that are to be expected here, it is also not easy.
Many do not even have the money to buy a new washing machine when the other is in need of repair – a loan would be unreasonable.
Here a loan from the employment agency can be a possibility. These grant loans to the needy, who just have to make the necessary investments with the money.