Payday Loans For Unemployed Direct Lenders

Get a loan today… paid out by *

✓ 100% Free Quote

✓ Instant Decision

✓ Secure Application

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Home » Payday Loans » Payday Loans For Unemployed Direct Lenders

If you are reading this article then you are probably looking to get payday loans no credit check direct lender no fees or an unemployed payday loan but gone are the days when loans are meant for those who are suffering financially; now, these debts are essential even when you have money but you need extra cash to tide you over, especially if you’re unemployed. Loans are created to provide financial support to people who have no one to rely on or are ashamed to seek help. Luckily, financial assistance is not only available to those who are employed but also, to those who are jobless. There are various types of loans present in the market and borrowers can choose them according to their prerequisites and status.

loans for unemployed direct lenders

Payday Loans for the Unemployed

Normally, banks and traditional loan facilities only entertain those who are employed; therefore, if you have no job or you’re working only on a part-time basis, your application is automatically rejected. Fortunately, there are lenders who are giving cash loans to a successful unemployed candidate. Payday loans ensure that qualified jobless individuals will meet their urgent expenses or day to day bills without any delay. The money can be used for many purposes, such as car repair, medical bills, utility expenses, or to settle previous debts. In addition, the loan is unsecured, thus, making it beneficial to tenants who cannot pledge any property or homeowners who are not comfortable with the idea of risking their assets.

Successful applicants can borrow up to £1500, depending on their credit score. The amount is relatively small, however, it’s enough to help them survive a month without a job. It’s also beneficial when they are attending interviews, preparing paperwork, or any job search-related tasks. Direct lenders offer a repayment term that is flexible, unlike the regular payday loans in the United Kingdom. The lender is considerate of your condition, therefore, aside from the versatile payment option, the loan carries a lower interest rate, too. This means that the loan is easier to settle. Moreover, it is available to those who have a bad credit rating due to defaults, CCJ, late payments, arrears, bankruptcy, etc. Overall, the loan’s requirements are quite easy to comply with, but you have to adhere to one thing.

As a borrower, without a job and with bad credit, you need to satisfy the lender when it comes to a repayment plan. You need to prove that you are eager and capable of repaying the loan. Therefore, it’s best to borrow a small amount or the exact amount you need so you can settle it without any hassle.

More About Payday Loans For The Jobless

Payday loans for the unemployed fall under short-term loans, thus, it needs to be fulfilled within 4 weeks or less. The application process is accomplished online, making it faster and more convenient. No paperwork is required and all you need to submit is your personal and financial details, bank account, and proof of income. The decision is released instantly and borrowers can receive the money in less than 24 hours. Because of this, the loan is useful for meeting urgent needs such as searching for a new job.

Key points

  • Payday loans for unemployed individuals can be obtained from direct lenders.
  • Several short-term loan options are now available.
  • Same day payouts mean funds can be available in under 24 hours.


How much payday loan for unemployed UK will I will be able to borrow?

The amount of money that a lender will be willing to provide you with will depend on your current level of income and your existing regular expenses. A safe amount will be determined by deducting your expenses from your income and seeing how much money you have left to repay a loan.

How quickly will I be able to access the funds?

Most lenders will be able to provide you with the funds you need in a matter of 15 minutes. However, there may be times when it could take up to 48 hours for the funds to reflect in your bank account, depending on the amount of money being borrowed.

How long will I have to repay my same day loans for unemployed?

This will depend on the amount of money you borrow and the timeframe in which you choose to repay it. Shorter-term loans are normally repaid within a few weeks to 3 months, whereas longer-term loans can be repaid over 3 months or longer. The lender that offers you the funds you need will provide you with information and recommendations in this regard.

Is an option available to repay my loan weekly instead of monthly?

Yes. The lenders we work with have various repayment options available, so this can be discussed with them at the time of application.

Does Pickaloan only work with direct lenders who are FCA-accredited?

Yes. We ensure that we only work with fully accredited lenders because this not only helps prevent fraud and scams from taking place; it ensures that you will be provided with a loan product that is best suited to your financial circumstances.

Will be providing me with my loan?

No. is a credit broker and not an actual lender. We work with many lenders who are FCA accredited, and one or more of them will contact you directly to offer you a loan.