If you want to take out a loan despite unemployment, your chances are bad. For banks and credit institutions do not regard their monthly salaries received through the Employment Agency as income. Still no reason to give up prematurely. Even unemployed people have some options to get a loan.
Beware of dubious providers
Despite unemployment and possibly associated financial problems, you should not resort to any “straw” offered to you. Because there are many dubious credit intermediaries who want to take advantage of their plight. Be skeptical if:
- with the borrowing a conclusion of a life insurance or Vauspar contract is connected
- It is suggested to them that a loan is granted without difficulty despite unemployment
- a fee will be charged for the credit intermediation
Better chances of lending by a guarantor or second applicant
You can get a loan despite unemployment if you take a guarantor or a second applicant on board. However, he should pursue a regular job and have an attachable income.
A loan despite unemployment from the employment office?
Experience has shown that employment offices only grant a restricted loan. Despite unemployment you will receive a loan from the employment office if, for example, you urgently need to repair your house or if you can not raise the heating costs yourself.
An excellent alternative: loans via credit exchanges
So-called online credit marketplaces broker loans that are given to private individuals. It is advantageous that there is the possibility of obtaining a loan even without income. But the lenders still value good credit. Basically, good conditions can be obtained via credit exchanges, but you also have to expect higher interest rates on a case-by-case basis.
If you want to apply for a loan despite unemployment, you should not give up hope. Experience has shown that many reputable providers are quite willing to lend. If you want to know which providers are recommended, we offer you a comparison that you can make free of charge and without obligation on our website.