No Credit Check Loans For Unemployed

Unemployment brings many other issues with it. You face a financial crisis, and for that, you try to borrow funds to say ‘good-bye’ to the money crisis. But due to job loss, you may have lost a few precious ratings in credit score. In that case, a credit check may not be a very suitable thing. In such circumstances, the loans for the unemployed with no credit check can be useful to handle the situation. RecentFinance offers these loans on understandable and acceptable terms and conditions. We accept unemployment benefits as income.

  • Borrow up to £5000
  • Instant approval decision
  • Online money transfer
  • No guarantor required
  • Apply despite the bad credit

How Do No Credit Check Unemployed Loans Work?

Technically, no loan process can be without the credit check process. The no credit check process is basically the soft check process because it leaves no footprint on the credit records; it is also known as the loans with no credit check. We want you to know how the application process works without any credit score perusal. In fact, if you have cleared an interview, you can apply for payday loans for unemployed with no credit check. But we will need an appointment letter.

  • You submit an online application for the unemployed loan
  • We go through the details mentioned in the application
  • We check only the recent 6 month financial records
  • The purpose is to know the current repaying capacity
  • Once we are satisfied, we give an approval on the request

This process does not delve deep into your past financial records, and this is the reason that the process is quite fast. You can also search with fast no credit check loans for unemployed. All thanks to the fast soft check process that takes a few minutes.

Do I Need To Pay Any Additional Fee To Avail No Credit Check Service?

No, there is no additional fee to get funds without any hard check. At least not with RecentFinance because we follow fair lending policies. You can always talk to us on this matter because most of the fund seekers have many doubts about the soft check process.

  • According to the FCA rules, a lender can offer a soft credit check on short-term loans.
  • There can be no extra fee or cost to offer the borrower this no credit score perusal.
  • Also, there is no extra time to delay the process. It is a faster loan procedure.

Advantages Of No Credit Check Cash Loans For Unemployed In The Uk?

There are multiple advantages of the no credit check, that is the reason people apply for them very frequently. Here are some of the immediate benefits of the loans for the unemployed with no credit check.

  • No tension of getting search footprint on financial records
    This is, after all, the first reason that people apply the no credit check loans for. No one knows the final result of the approval decision. In that case, an applicant may need to apply to another lender after a rejection. But the new lender will see the search footprint of the previous lender and also the rejection. With this fear, people seek a soft search process.
  • Faster completion of the loan process and fund attainment
    The no credit check does not do the detailed study of the financial records, which saves a lot of time of the borrower. Within a few minutes, the process completes, and the faster process brings faster funds. When there is no income due to any job loss, delay in getting financial assistance can be hazardous.
  • No question on the purpose of the loan
    Yes, there are no annoying questions on why and where you want to use the money. We understand that there are multiple expenses and it is really not possible to mention each and every expense detail. When you apply for funds we just process the application and do not ask any silly questions.
Why RecentFinance?

You may want to know the reasons why you may need us and what are our special features. Have a look at how we make your borrowing experience special –

  • Higher approval rate – We offer an approval decision in 10 minutes after your application submission.
  • Customization – With personalized pricing, we make fund attainment easy with small instalments.
  • Smart calculator – Predict the monthly and annual cost of the loans and take informed borrowing decisions.
  • No prepayment penalty – If you want to pay off your funds before the tenure ends, we do not charge any fee.

RecentFinance is destined to make your financial lives easier with the simple and straightforward process. The flexible approach through customisation makes the borrowing process smooth and understandable. With more than 2 million customers of small loans for unemployed with no credit check, we have developed a deep insight into the problems of the borrowers. It is the reason, that we can serve you better in every aspect.

No Credit Check FAQs:
What are cash loans for the unemployed with no credit check?

The cash loans for the unemployed without credit check are the borrowing options after a job loss. In these loans, the hard credit check process is replaced by the soft check process. It prevents search footprint and also gives speed to the process. The applicant can borrow funds at the time of need because the instant approval decision is also there.

How can I borrow 1000 pound with no credit check?

You can borrow 1000 pound without any credit check process with the help of a stable repaying capacity. At the time, where you have no income source from a job, you need to generate other options. Rental income, part—time or freelance job, anything can work but the income should be regular.

Can I get a small loan for the unemployed with no credit check?

Yes, you can get a small loan without a credit check despite unemployment with the help of a reliable capacity to repay funds. Also, you need to provide the bank statements for the last 6 months. The lender can always figure out the best deal for you. At RecentFinance, we have the best deals available for you on the soft check.

If I am unemployed, Can I apply for a payday loan with no credit check?

Yes, you can apply for payday loans for the unemployed, but only in one condition. You need to show the appointment letter for the new job. It means you need to get a new job. Payday is about the salary day, and until you do not have a job, you cannot get a payday loan with a soft check.

Where can I get fast, no credit check loans for unemployed with bad credt?

For faster borrowing, you need to approach the FinTech lending options. RecentFinance is known for its fast funding to jobless people despite the bad credit. However, for that, you need to have ample financial back-up to pay the instalments. We also take unemployment benefits as income.

How much interest rate will be charged, If I apply unemployed loans with no credit check?

Your interest rate never depends on the credit check process. It majorly depends on the current repaying capacity that you can show through any possible source. Rental income or any side business or a part-time job, anything can work on the part of income if it is regular.

How helpful was this page?

Apply Now