While being unemployed does not automatically disqualify you from getting a loan, it certainly makes your credit history a more important aspect of your application. You may qualify for a loan, even if unemployed, if you are currently receiving benefits. We represent many lenders and, while some may decline your application, others might allow your loan. The best way to know is to submit your application. Get a quick decision on whether you qualify to borrow money, even if you are unemployed.
Actually, loans cannot be guaranteed even if you are employed. Every situation is different. If you are receiving benefits, this may greatly elevate your chances at securing a loan (even if unemployed). If you have excellent credit, this will also help. If you have very bad credit, are unemployed and are not currently receiving benefits, chances are you will not qualify. The only way to know for certain, however, is to submit your application. Receive a quick decision on whether you qualify for a loan, while unemployed, by clicking submit and submitting your application today.
Is it possible to get payday loans with no credit check?. When you submit your application through us, we work with many registered lenders in NZ to introduce your loan to them. Some of these lenders require credit checks, others do not. Factors such as whether you are employed, how long you have been employed, and the amount of money you are requesting are all factors in whether your credit is checked. If you are concerned this will prevent you from obtaining a loan, consider submitting your application anyway. It only takes a few moments to fill out an application, and it is free to apply.
Being on benefits can qualify you to receive a payday loan, even if you are currently unemployed. These are called loans for beneficiaries and are available if you are on benefits. Our lenders will evaluate your application data indivudually. What qualifies as "benefits"? These are defined as fixed payments you receive on a weekly or monthly basis. Perhaps you are renting out a room in your home and are receiving payments for it. Perhaps you are receiving a fixed settlement from a court case, or are the beneficiary of a will. In situations like this, you can qualify for a loan. Know for certain by clicking apply and submitting your application.
This will depend on factors such as your credit rating and whether you receive other types of income, such as fixed payments as a beneficiary. In cases where you are unemployed, bad credit may be more likely to disqualify you from receiving a loan. How bad is your credit, and will it disqualify you? The only way to know for certain is to submit your application. Click "apply now" and receive a quick decision on whether you can borrow money. We look forward to helping you make ends meet while waiting for your next income.
Representative example: APR 407.39%. If borrowed $1000 for 62 days, interest $692. Total amount repayable $1692. Interest rates: Maximum nominal APR of $1000: 407.39%. Rates from 278% to 1576% (3 – 12 month repayment)
Warning: Late repayment can cause you serious money problems. For Help and Advice with money trouble, visit http://www.familybudgeting.org.nz