How to Get Loan Without A Job- A Complete Guideline

Everyone experiences financial problems, whether you’re employed or not. However, trying to get a loan when you are jobless is quite a hard task. That shouldn’t worry you, though, as you can still find a lot of lenders who can offer you a loan without checking your employment status.

Therefore, if you are looking for ways to get emergency loans with no job, then you are in the right place. This guide will show you how you can get a loan without having to verify that you are working. Here are some of the ways you can do that:

The 7 Best way to loans without a job

How to Get A Loan Without No Job

1. You Can Use A Co-Signer

When you don’t have a job and looking for a job, using a co-signer can be one of the best options you can go for. A co-signer is a person who agrees to take your burden and pay the lender back in case you don’t pay the loan. It can be someone close to you like a friend or relative.

A lender, in this case, checks the credit score of the co-signer to determine how much loan he/she can give you depending on your co-signer’s score. If your co-signer has a good credit score, then you have high chances of getting a considerably higher amount of loan.

Using this method can be a great option. However, there are some things that you need to consider first because if you fail to repay the loan on time or at all, then that can destroy the relationship you have with your co-signer. Here are some questions that you should ask yourself before looking for a co-signer:

  • Do you have a repayment plan since you don’t have a job?
  • Do you have any other outstanding loans that can make repaying another one more of a challenge?
  • Are you expecting to get any employment soon?

If answering these questions is quite tricky or you aren’t sure of any of them, then don’t consider using a co-signer. Instead, you can choose from other alternatives like the ones we’ll be looking at later in this article.

2. Taking a Home Mortgage

If you own a house, then mortgaging can be a good option for you. The best thing about going for a home mortgage is that it enables you to get a higher loan, which can help you cover your expenses until you get a job. However, as much as how useful this method can be, it can also be risky, especially when you don’t have a job. So, if you consider going for a home mortgage, then here are crucial things that you should know first:

  • Taking a huge amount can leave you in debts. To avoid this, make sure you borrow only the exact amount of money you need at the moment to avoid overspending.
  • You should take one only when you’re confident that you’ll be able to pay soon or preferably within the given time by the lender.
  • It’s wise to choose fixed interest rates because in case the lender changes his/her rates, then that won’t affect you.

In this type of loan, you have to consider the amount of risk that it comes with because if you fail to pay the loan, then the lender will take your property leaving you in an even worse position. Therefore, weigh the advantages of a mortgage and compare them with the disadvantages before taking a mortgage loan to ensure that’s what you need and if it’s worth taking the risk. Here are some of the benefits that you can get from this loan:

  • It is easy to get approval as you already have something to prove that you are worth getting a loan.
  • A mortgage loan has comparably low interest rates.
  • You can get a higher loan amount from a mortgage loan compared to other types of loans.

So, if you are wondering how to get a loan with no job, then a mortgage can be one of the best options you can go for. However, don’t forget to consider the amount of risk it has.

3. Pawning Assets

In case mortgaging doesn’t seem like an option you’d consider then pawning can be an excellent one for you as it’s one of the best ways to get no job loans with no job verification. You can pawn assets, expensive watches, or even land and get the loan you need with no time. The best thing about pawn loans is that they usually have friendly rates. However, the exact amount of money you can get depends on what you are ready to pawn as you’ll get half the worth of what you’ll issue as security.

4. Using Car Title Loans

In car title loans, a lender uses your car’s value as a guarantee that you’ll pay him back. That’s what makes car title loans among the best ways to get emergency loans with no job. So, if you need this type of loan, then you have to look for a lender who offers car title loans or one who specializes in them. It is extremely easy to get a car title loan as far you can prove to the lender that you are the real owner of the car.

A car title loan will give you enough time to repay starting from one month to even a year depending on the amount of loan you get and how much time the lender wants to give you. When it comes to the interest rates, they vary depending on the lender in particular. Therefore, if you think this loan can be an excellent fit for you, then go for it. However, make sure you’re punctual when paying it to avoid losing your vehicle.

5. Cash Advance

This method allows you to borrow cash using your credit card. What this means is that you can purchase anything with your credit card even if you don’t actually have money in your bank account. A cash advance is a great option, especially when you need to buy something urgently, and you don’t have enough money.

The amount of money you can borrow in advance using your credit card depends on the agreement you have with your cardholder. Your cardholder gives you a certain limit of cash advance that you can borrow. You have the freedom of borrowing the whole amount up to your limit or just a part of it depending on the amount you need.

There are different ways you can use to get a cash advance. You can go in person to the bank, use an ATM, or use a credit union. If you decide to go to the bank personally, then you must carry your ID and credit card then request for a withdrawal.

Using an ATM is also very convenient as the process is the same as withdrawing cash using a debit card. The only downside of using an ATM is that it usually has a specific limit of money that you can withdraw in a day. Therefore, it’s not a good option if you need a huge amount of money. So, it’s advisable that you use the bank withdrawal method instead or withdraw the money in bits.

6. Taking Payday Loans

Payday loans can be a good option if you are looking for mergency loans with no job. These loans can be an excellent go-to option if you’re in an emergency as their approval process is usually fast. All you have to do is verify that you can repay the loan. The amount of money that you can get from payday loans depends on whether it’s the first time you are borrowing from that lender or whether you paid your last loan in time if it’s not your first time borrowing. If you paid your previous loan on time, then you can qualify for a higher amount. Therefore, maintaining a good repayment history is crucial in payday loans.

There are many lending companies that offer payday unemployment loans with no job verification. So, ensure you do enough research to see which ones are top rated and have excellent customer review before you apply for a loan. It shouldn’t take long before the lender you choose awards you a loan if you meet their minimum requirements.

7. Debt Consolidation

Even though most lenders offer this type of loan to people with jobs, you can also qualify for one easily even if you don’t have a job. However, you must prove that you can pay it back by showing that you have other sources of income. A debt consolidation loan can be a great option as it can help you manage your expenses as you continue searching for a job.

You now know how to get a loan with no job. However, do you know the minimum requirements for getting one? They include:

  • You must be within the legal age of 18 years.
  • You have to prove that you’re the real owner of the property you are providing as security (applies mostly for mortgage and car title loans).
  • A bank account for cash advance loans.
  • You must prove that you have other stable sources of income.


Getting a loan without a job can be easy and also quite tricky, depending on the lender you choose. However, there are many lenders and options you can choose from. So, if you see that one option isn’t working for you, then you can always consider another one. It is vital that you make sure you have other sources of income that will enable you to pay back the loan in time to avoid losing your property especially in cases where you provide your valuables as security