Best Personal Loans for Unemployed From Top 5 Online Lenders In July 2022

Often, you may face difficulties finding a loan because you are unemployed. Most lenders ask for proof of employment and a salary check to give you a loan. It guarantees you a steady monthly money source to repay the borrowed amount in the predicted time and amount.

Some lenders understand that, in most cases, unemployed people are potential borrowers who face difficulties on a financial basis. So, numerous lenders decided to separate a corner for unemployed people and give them a chance to access extra funds in tight financial situations.

Unemployed people who can borrow money from a private lender should have an income source that does not come from an employment relationship. For example, the borrower who applies for a loan on these lending platforms should have income from pension, rent, social security, disability benefits, etc.

So, without further ado, let us describe how to get personal loans for unemployed people and how these platforms work.

Top 5 Loan Companies Offering Online Personal Loans for Unemployed

  1. MoneyMutual – Overall Best Platform For Personal Loans For Unemployed
  2. BadCreditLoans – Get Loans For People With Bad Credit; Instant Approval
  3. RadCred – Top Online Platform For Emergency Loans Online
  4. CashUSA – Trusted Lender For Cash Advance Loans & Quick Loans
  5. PersonalLoans – Best Personal Loans For Bad Credit; Guaranteed Approval

#1. MoneyMutual: Overall Best Platform For Personal Loans For Unemployed


You should choose MoneyMutual if information safety is your priority. Database safety was our priority, too, so that can be why MoneyMutual takes the first place in our article.

Once you open the platform, you will notice that MoneyMutual is a TrustedSite-certified platform. TrustedSite is a company offering high safety measurements and levels to its members. Because online data transmission can be highly dangerous, MoneyMutual decided to get this certification to make its clients feel safe while sharing their personal information online.

According to theislandnow, MoneyMutual’s database is protected with 2048-bit encryption technology to ensure no one reaches the collected data without permission. We are telling these things because the online application form asks for sensitive information about your finances, living address, identity, etc.

You have to enter authentic information that matches your government-issued documents. The lenders have access to many public institutions and can quickly check the information’s authenticity.

MoneyMutual is an OLA member, which sets a few rules for its lenders so they can not put too high rates and fees on the loans. Some states prohibit private lenders because, in most cases, they abuse clients’ challenging financial situations and set sky-high interest rates and fees.


Once you open MoneyMutual, you can see a green circle on the top left corner pointing out how many current lenders are available. The number of 90 or 100 points that the chances of receiving an offer are pretty possible.

On the home page, you can find the application form. You should only click the red “Get started” button, and the website will redirect you to the application. As you can see, the lowest amount you can ask for is $100. This amount is perfect for covering short-term expenses. Even if you are a bad credit user, you can apply for this amount and possibly get approval.

The maximum loan you can ask for is $5,000. The lender partners of MoneyMutual can offer at least $5,000 because they are usually short-term loans with a repayment term of 90 days to seven years. This amount is available for clients with excellent credit scores and steady monthly income.

You won’t spend so much time filling out the form. It has simple requirements that every person knows about himself.


MoneyMutual has some simple rules that potential clients should meet before starting the application. MoneyMutual’s requirements are general and meant for all borrowers. Further, the lenders you connect with may ask for additional requirements and eligibility criteria before giving you a loan offer.

We should mention the age and citizenship criteria among the MoneyMutual criteria. Every potential borrower should be an adult with USA citizenship or permanent residence. These requirements are included in the application form, and the applicant can not complete the form if he does not have a USA ID or SSN.

Further, the applicant should prove his monthly income, have an active bank account, and provide his email and phone number. You can not apply for a loan if you don’t have a steady income and a bank account. The lenders transfer the funds onto the bank account to have a report to prove the transaction if you are not returning the loan.

It is not specified from where your income can come. You can apply and possibly get a loan offer even if you are unemployed but receive funds from rent, pension, disability benefits, or other sources.

=> Click here to visit the official website of MoneyMutual


  • All credit scores are welcome
  • No need to be employed to apply for a loan
  • Fast and understandable application form
  • No need to collect documents
  • You can apply for a loan anytime and from anywhere
  • Instant money transfer


  • Meeting the qualification criteria is not a guarantee for loan approval
  • Personal loans may charge high-interest rates

#2. BadCreditLoans: Get Loans For People With Bad Credit; Instant Approval


BadCreditLoans is not a platform only for bad credit clients. It has so many loan options you can choose from that no other platform has to offer. You can select a loan specially designed for your purpose, so can you imagine how many different loans you can find here?

The platform exists intending to enable the connection between the people who need fast cash and the lenders or the third-party financial partners that may give financial support in case the lenders can’t. BadCreditLoans partners with lenders and other services that may offer loan alternatives to people not qualified for a loan for specific reasons.

This automatically means your information is shared with the lenders and financial institutions connected to the BadCreditLoans network. Your information will not get outside the network or be used for purposes outside the financial sector.

BadCreditLoans’ lenders are licensed creditors that physically have lending stores around the USA. Their borrowing process is equal to the bank’s, and everything is compliant with the financial laws and regulations.


If online borrowing is new to you, check all educational articles and guides BadCreditLoans offers on its website. You can learn something more about the working principles of private lenders, their loans, fees, and how to stay safe and avoid scams.

Open the loan categories and see which loan might match your needs most. Each loan type is described so that you can easily understand the requirements and criteria you should meet to qualify for it. For example, you can opt for an auto loan if you need extra funds to repair your car or a home loan if you need that money for house renovations.

Ensure that the loan you apply for matches your needs. You can not apply for higher amounts if your credit score is poor, but you can still get a loan of a lower amount. BadCreditLoans offers loans for everyone who meets the eligibility criteria, including unemployed clients.

The APR charged to the borrowed amount is limited and can range from 35,99% to 35,99%. These loans are of lower amounts and have a short term. You can use the borrowed money only for short-term solutions that can be repaid in 90 days or 72 months.


The fact that you are an unemployed person will not stop you from borrowing extra funds in emergency cases. Emergencies may happen to everyone, so it is not embarrassing to borrow money from a bank or a private lender. BadCreditLoans sets a few requirements to complete the online form and prequalify.

The application form will ask for your ID or Driver’s license, which automatically indicates that you must be older than 18. The age requirement is the first criteria every borrower should meet to be able to apply for a loan. You must have a USA citizenship or permanent residence to complete the application form.

The form even asks for your living state, city, and address, so it automatically means you must be a permanent resident or citizen of the USA. Applicants who live outside the USA or have different citizenship than USA’s can not apply for a loan via BadCreditLoans.

You should also make a steady monthly income from employment, self-employment, or other sources like disability benefits, retirement, etc. You do not have to be employed to prequalify, but you must prove that you receive income. Email and phone numbers are also required.

=> Click here to visit the official website of BadCreditLoans


  • The easiest way to get fast cash
  • Just a few simple requirements to prequalify
  • Limited APR and flexible repayment time
  • Loan amounts from $100 to $10,000
  • Free platform services, guides, and educative articles
  • Suitable even for unemployed people


  • Unemployed borrowers still have to receive some kind of monthly income
  • Being prequalified does not mean you are 100% qualified for a loan

#3. RadCred: Top Online Platform For Emergency Loans Online


RadCred is a lending platform that has learned much from the older platforms and stepped onto the lending stage with the best features and offers possible. This platform sticks to simplicity, offering a simple application form and shortened application process.

The website is TrustedSite certified and secured with 2048-bit RSA technology. All shared information in the online form is protected and locked in the RadCred’s database. All clients can feel safe sharing their sensitive information in the form since the website is not allowing external factors to reach them.

The clients’ information is shared only within RadCred’s network. The parties with access to your shared information are the lenders and the third-party financial support partners.

All clients can use RadCred’s website, application form, and support service without paying anything. RadCred is a profitable platform that does not collect funds from the clients but the lender partners. All lenders and third parties pay memberships to be part of the RadCred’s community.

The borrowing process takes less time than traditional bank borrowing, so let’s take a closer look at the features.


This platform offers loans that can be as little as a few hundred USD but no more than $5,000. RadCred’s loans are made to fit everyone’s short-term needs. The repayment time is flexible and short because the borrowed money is available in smaller amounts and can be repaid faster.

Enter the website and complete the online form. It may take a few minutes or less if you have your documents by your hand. The only docs you need are your government-issued identification document (ID, passport, Driver’s license) and your bank account number.

RadCred offers fast cash solutions in three steps. First, you should complete the application request and submit it. The request will be sent to matching lenders so that they can create an offer with all the calculations and individual monthly payments. The second step is the one when you get the lender’s response.

The last step is your agreement and money transfer. You have the time on your side to review the contract and think about the fees. If you think the offer seems reasonable and matches your finances and needs, you put your e-signature.


We have already mentioned that the borrowing process is secure, simple, and fast. This automatically points to the fact that you don’t need to search for a bunch of paperwork and documents to borrow money online. You don’t even have to spend time and nerves searching for the lender’s physical store around the city.

The only thing you need is a computer or a smartphone. Open RadCred’s website and the request form will pop on the screen. As you can see, the requirements the form asks for are simple details about your identity, living location, and financial condition. Applying for a loan would not take more than a few minutes.

The main requirements are being an adult US citizen or having permanent USA residence. Then, you should prove your income source and amount. Your income does not have to be from employment or self-employment. It is important to have a steady monthly income (at least the last 90 days) from any source, whether it is a pension, freelance job, social security, disability benefits, etc.

The last requirement section asks for your bank account number, phone number, and email address. This information is essential so the lender can contact you and transfer your funds.

⇒ Visit the Official Website of RadCred


  • Contemporary borrowing process
  • Fast, secure, simple, and free of cost for all clients
  • Fast-responsive lender partners
  • Encrypted database with industry-standard safety measures
  • Loan offers even for unemployed borrowers
  • Flexible repayment time of three to 72 months


  • Getting a loan offer depends on the lender’s will
  • RadCred does not provide international borrowing services

#4. CashUSA: Trusted Lender For Cash Advance Loans & Quick Loans


If you seek a secure and fast cash provider, CashUSA is the right place to find it. Get instant funding in less than 24 hours by following three simple steps that take just a few minutes. You might get one or multiple loan offers, so you can have the opportunity to compare and choose the most suitable one.

The loan’s destiny depends on your agreement. CashUSA will not force or obligate you to accept a loan that confronts your financial power and needs. The lenders sometimes set unreasonable fees, but you can avoid them by rejecting the loan offer. There are no strict rules about who can apply and get loan approval.

CashUSA does not know if you will get a 100% loan approval because it depends on your characteristics, creditworthiness, and the lender’s will. CashUSA has no affection for the loan offer-creating process because it only enables the connection between you and the potential lender.

The platform guarantees all borrowers a safe, fast, and free experience. There are no specified or strict rules about who can apply for a loan. The only thing you have to meet is being an adult USA citizen who has a steady monthly income from any source.


The loan request will pop on the main CashUSA page. You would not face difficulties finding and filling out the application form because it is much simpler than traditional bank borrowing. If you are a newbie to online lending, feel free to read some educational articles and guides that CashUSA offers on its website.

CashUSA partners with trusted and licensed lenders with physical lending stores in the USA. This allows you to connect to a lender who may give you the most reasonable loan offer even if he is not located in your state or city.

The loan amount you can ask for can be as low as a hundred USD. This amount is available for most borrowers, even those with bad credit or insecure monthly income. Even if your FICO score and income are not that bright, you don’t have to put collateral while borrowing from CashUSA’s lender partners.

The loans you can find on CashUSA are short-term and unsecured. You can choose to set a co-signer with a better credit score and financial power if you want to receive a better loan offer.


CashUSA is not strict with its clients. The platform offers free connecting services, so the parties in the borrowing process come together much easier. You can easily find a matching lender if you meet the general criteria this website sets.

The first requirement every client should meet is the age border. CashUSA does not offer borrowing services for minors. The second requirement says clients should be USA citizens or have permanent US residence. The lenders do not lend money to foreigners or people who live outside the USA because of the difference in financial laws and regulations.

The next requirement is making a steady income, no matter its source. It is best to be employed and get monthly paychecks, but even unemployed people might get loan approval. The main thing about this criteria is that the client should receive a steady income flow each month, regardless of its source.

Finally, every client should enter their bank account number and email address. The phone number is also good to share so that the lender can easily reach the client if he qualifies for a loan.

⇒ Visit the Official Website of CashUSA


  • No strict rules about who can apply
  • The CashUSA services are available for all adult US citizens
  • You don’t have to be employed to prequalify
  • You can borrow up to $10,000
  • Flexible APR and repayment terms
  • You might receive more than one loan offer


  • Some lenders may set high fees and penalties
  • Not all lenders give loans to unemployed

#5. PersonalLoans: Best Personal Loans For Bad Credit; Guaranteed Approval


PersonalLoans can be your assistant if you search for a trusted and secure website that offers free and fast lender connections. PersonalLoans has hundreds of lender partners and financial communities that provide different kinds of financial solutions.

To make things clear, PersonalLoans is not a lender or has an impact on the loan you might receive. The platform offers only free mediating services and helps clients and lenders come together because of their mutual interests.

PersonalLoans will do their best to enable the connection to be faster and simpler than average. It takes only a few steps that may take at least five minutes to complete the request. Then, your application reaches the lenders so they can see how much you want to borrow and the purpose of the requested money.

The lenders will check your information and ask for verification. Sneaking with inaccurate and fake information will not lead to getting loan approval. All information you enter in the request form is secured and checked by trusted sources.


This platform differs from those above because PersonalLoans allows you to connect with lenders who can give higher loan amounts. The lender partners of PersonalLoans can provide up to $35,000. The min loan amount you can borrow is a few hundred USD.

You can request loans with a repayment term of 90 days to 72 months. This points to the fact that the lender partners of PersonalLoans offer short-term loans for short-term solutions.

The repayment term usually depends on your income, requested money amount, and other factors that the lender considers.

The PersonalLoans services are free for all interested individuals who need fast cash. The form and customer support center are available 24/7, so feel free to use them anytime.

The lenders respond during their working hours, so you should know that you can not get an immediate response if you apply for a loan during non-working hours. Every loan has a limited APR that can not be lower than 5,99% nor higher than 35,99%.


The PersonalLoans’ requirements do not set strict rules for the borrowers. You can apply for a loan even if your income does not come from a full-time job. You must be an adult who can prove your US citizenship by sharing your SSN and ID number.

The income source can be a full-time job, self-employment, pension, freelance job, disability benefits, rents, etc. So, you need proof of a steady income flow onto your checking account to prequalify for a loan.

There might appear some limitations against the income amount, but it is often set further when the connection with the lender is enabled. You have to know that the criteria set by PersonalLoans are just pre-qualification criteria. The lenders may ask for other criteria when the connection is enabled.

To complete the form, you must share your phone number, email, and checking account number. These criteria are essential, so the lender can contact you and transfer the funds if you both agree.

=> Click here to visit the official website of Personal Loans


  • Fast and convenient process
  • Free connection services
  • No strict prequalification requirements
  • Funding in 24 hours
  • Loan amounts as high as $35,000
  • The lender partners are trusted and certified lenders


  • Too low-income flow may not qualify you for a loan
  • The lenders may not give you a loan offer because of private reasons

How We Made Our Selection Of These Small Personal Loans For Bad Credit?

Fast access to extra funds

We have begun researching cash sources that provide extra money in a shortened process. Our chosen platforms skip all the processes that require collecting paperwork, and reports, handwriting an application, going to the bank or lender’s store, etc. So, the service you get is fast and free.

Open the website, fill out the online request, wait for the response, and get your money onto your account in 24 hours. The entire process is satisfactory because you can do everything from your home. This excludes leaving your home and spending fuel and money to get to the lender’s store.

Free matching services

Despite the fast services, they are also free. These lending platforms are on the clients’ side, offering all clients free application forms and support services.

Some of our chosen platforms also have a free educational corner where you can find many valuable articles and guidance for online borrowing.

There are no hidden fees for using these platforms. You are not required to enter a payment method, pay some of the loan’s fees via the platform, or register to fill out the form. Just open the website and search for the application form. These platforms are free because they profit from the lenders’ memberships, not the clients.

Suitable for unemployed borrowers

Another good thing that made us make this selection was the opportunity to apply for a loan even if you are unemployed. Not all the lender partners offer loans for the unemployed, but many do, so you can choose a platform from the following article and borrow some fast cash even if you are not employed.

Still, there are some restrictions for unemployed borrowers. They must prove the monthly income, whether it comes from a retirement, social security, disability benefits, rents, or other sources. There must be an income source because how will the borrower return the loan otherwise?

No strict qualification requirements

The following lending platforms have no strict rules for their clients. In general, everyone should meet the age and nationality requirements.

Online lending services are intended for adults who can take whole responsibility for the borrowings and finances they take. Because of the global law variations, these services are available only for domestic USA borrowers.

The other part of the requirements is related to the borrower’s finances. The platforms require entering the monthly income and the bank account number. These two requirements will determine if you are financially stable and can hold the loan’s rates and the regular monthly expenses with your income.

Fast cash transfer

Our cherry on top was the 24-hour money transfer. Can you imagine this fast borrowing process? You don’t have to imagine it because it is the reality these platforms do.

Among all the positive reasons why you should opt for these platforms is the fast funding process, which perfectly suits emergency expenses.

Once the application process is finished and the lender sends you a loan offer, you can have the money in your bank account in less than 24 business hours. So, the money you ask for will be available the next day.

Guide: Things You Should Consider When Searching for Personal Loans for Unemployed

Your income amount

Your income has two purposes in the online borrowing process. The first one sets the income amount as an eligibility criterion for prequalification. Some lending platforms require making $800 or $1,000 as a monthly income to prequalify for a loan.

Potential borrowers with lower monthly incomes might be rejected and not receive a loan offer. The lenders know how much these clients can afford and do not even try to make them a loan offer.

The second objective of your income is your purpose. Ensure your budget can handle the loan’s monthly rates after your regular living expenses. It might be tight, but these loans might also be helpful in emergencies.

The purpose of getting a personal loan

Determine if the loan’s purpose is so urgent that you must reach these lenders. The fees might be high, so you should think twice if your situation has no other solution.

If the event can wait a while, you should search for another, more credible source of money. These types of loans are the best choice if the situation is at a high emergency level.

A loan’s purpose is also essential in choosing the loan type. A personal loan is a broad term with multiple subcategories underneath. Choose the loan type that is closest to the purpose you request for it.

For example, you can request an auto loan if the purpose is car repairs or car purchases. Choose a home loan if the purpose is urgent house repairs or covering damage from leaks, weathered disasters, or other home issues.

Loan’s repayment term

Online loans have a short repayment term. The repayment term can be as low as 90 days and as high as six years.

Depending on the borrowed amount and your creditworthiness, the lender will set the repayment time in the loan contract. You can review the loan offer before signing it, so keep in mind that you should pay back the borrowed amount in a few months or years.

Ensure that your monthly income is steady enough to repay the loan in the predicted time. You must know that 99% of the lenders charge penalties that may be high if you miss a payment, make a late payment, or an early one.

All fees and rates added to the loan’s principal

Every loan has fees and rates, including the one you borrow from a bank. If you borrow $1,000, you should know you will repay a few hundred more.

Every loan has an APR, interest rate, penalties, and other fees that every lender sets differently. The amount you borrow, plus all the fees and rates, make the amount you should pay back to the lender.

The final amount can increase but never decrease. You must repay the total amount in the predicted time. Otherwise, the lender will charge penalty fees for making irresponsible payments. The penalties may be as high as $40 or $60 and might increase the amount you should pay back to the lender.

FAQs On Personal Loans For Poor Credit

Q1. Can I get personal loan approval if unemployed?

Yes. Getting a loan if unemployed might be challenging, but it is never impossible. Numerous lenders offer loans even if you are not in an employment relationship. So, you might receive a pension, freelance funds, disability benefits, social security, rent, and other monthly incomes and still qualify for a loan.

The lenders only need to ensure that you have a steady income source that will cover the monthly loan rates and your living expenses. You should only share the proof of income you receive, and the lenders will not ask for additional employer’s information since you are unemployed.

Q2. What criteria should I meet to qualify for a personal loan for unemployed clients?

There are no strict criteria or limitations about who can apply for a loan. Among the criteria, no one says you must be employed to qualify, but you must meet the income minimum.

The main criteria you should meet is the age and nationality criterion. These services are unavailable for minors and clients who don’t have US citizenship or permanent residence. These two criteria are proven with the SSN and ID number you must enter in the application form.

Then, you should prove your income amount and source, so the lender can see that you are eligible for a loan offer and can repay the borrowed amount to its fullest. In the end, you should share your checking account number, email address, and phone number.

Q3. What fees does the lender charge on the personal loan for unemployed clients?

Every lender has unique working principles, so the loan charges might vary from lender to lender. The most popular and used fees are:

  • Origination fee: It can be between 1% and 6% of the loan amount.
  • Late payment fee (penalty): This can vary from $25 to $50 or 3% to 5% of the monthly payment.
  • Prepayment fee (penalty): This fee can be from 2% to 5% of the total loan amount.
  • Annual Percentage Rate: This can vary from 5,99% to 35,99% of the total loan amount.

Other lenders outside these platforms’ networks might charge an application fee ranging from $20 to $50. We recommend the platforms reviewed in this article since they do not charge fees for using their application form.

Q4. Does the personal loan for unemployed clients have penalties?

Yes. Every loan that private lenders give carries penalty fees. Often, the clients who choose private lenders have an issue that stops them from traditional bank borrowing.

So, the lenders might come across in those situations, but they need to defend themselves and ensure you will pay the total amount on time.

Borrowers who disrespect the lender’s repayment time will be charged penalties. So, it does not matter if you are employed or unemployed; the penalties will exist anyway. It is more local for the unemployed to face high penalties because the lenders might be unsure about their income steadiness.

Q5. What if I do not receive any loan offer?

It might result from other factors that the lenders consider when reviewing your loan application. You might not meet the lender’s minimum income or some other criteria he considers before giving a loan offer. Maybe your credit score is too low, or some other criteria stop you from getting a loan.

You can not go across all the criteria and still get a loan. The lenders must have a reason to lend you money and a particular thing that will make them believe you will repay the loan.

If you have tried multiple times but still don’t receive a loan offer, you should focus on your credit repair or other credit-related services that may give you financial support or advice to improve your finances.

Concluding On The Best Personal Loans For Unemployed

This is the end of this article, and we hope it will help you find the best personal loans for unemployed borrowers.

Being unemployed is not an obstacle to getting a personal loan online. Most lenders understand that not everyone can be employed and live by the salary income.

It is essential only to have an income flow each month to be able to repay the loan. So, don’t worry because being employed is not the criteria required to get a personal loan.

Therefore, choose the best personal loans for your needs and enjoy life with less tension!

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