Before I find out where to get a loan to an unemployed, I’ll clarify that there are several categories of citizens, for example, freelance workers or people who simply work for themselves who are not able to officially confirm their income. In the eyes of bankers, these are completely unemployed people, and they can be given a loan exclusively at a high interest rate. Now in many areas of work there is a chance to work remotely and be considered another freelance employee. This is beneficial both to the employer and his employee, but credit organizations are not at all satisfied.
So is it possible to take out a loan to the unemployed? The answer is clear: yes. The thing is that freely hired workers do not have entries in the work book, and without these statements for the banker, clients are considered unemployed. Meanwhile, the terms of loans offered by banks are very strict. So, some banking institutions, offering certain credit programs, can issue a loan without guarantees and certificates in a short period of time. But not everything is so simple. The amount issued is very limited, and the annual percentage just rolls over (it can even go up to 75%!).
Interest rates on loans issued in express mode are incredibly high, and the possible loan amount provided rarely exceeds 100 thousand rubles. Not a single banking operation causes such problems, therefore, we will outline in general terms how to get a loan to the unemployed. The main thing is that with a small number of documents (I will even say minimal: they are often limited by a passport) you can get only a consumer loan. For registration of a mortgage or car loan, documents confirming all client income are already required. This approach significantly reduces the number of places where you can get a loan to the unemployed.
Borrowers are often looking for a chance of cash injections somewhere on the side, because there are very few banking institutions that issue loans without standard proof of income. In this case, you have to contact credit brokers. They study the personality of the borrower and, if they are convinced of the complete solvency of the client, they can recommend it to the partner bank (of course, for a certain percentage). Of course, nobody absolutely promises an absolute result, but the chances of getting a loan will significantly increase. This is the very first and most widespread instance where you can get a loan to the unemployed.
You can also resort to the services of microfinance. True, they work mainly with small loans and sky-high interest (they can reach 500% per annum), and this rarely suits anyone. Do not exclude the possibility of cooperation with a pawnshop, here the interest is quite acceptable and fluctuates around 15-30% per annum. But in order to get a substantial amount, you need to provide at least a solid bar of gold. Sometimes pawnshops deliberately underestimate the value of your jewelry, and the client receives an absolutely insignificant amount. Although this is also a very popular place where you can take out loans to the unemployed, it is better to minimize business with pawnshops.
So, we examined the main ways of obtaining loans to the unemployed and found that the conditions for them are almost everywhere unfavorable. If you do not have a corresponding entry in the work book, it is better to borrow money from good friends and acquaintances, even against receipt. Otherwise, you may well be "ripped off three skins." Be careful and always look for an alternative.