Unemployment is dangerous. In addition to psychological aspects such as a lack of self-esteem and great lack of drive, this state also leads to a loss of financial freedom of movement. You don’t have your own income. The government grants are just enough for life.
It becomes really problematic when you need an instant loan to react to an emergency. You do not have the necessary collateral for normal lending (mainly because you have no income), and it is also difficult to find a guarantor who will sign the loan agreement in these circumstances. Apart from special government grants for self-employment, there are two options for an instant loan for unemployed people without a guarantor.
Immediate loan for unemployed people without guarantor: The virtual visit to a foreign bank
Each major Cream bank generally checks the borrower’s Credit Bureau entry (protection association for general credit protection) before granting a loan. This, in conjunction with the loan application, on which you have to state your income, shows whether you are able to repay a loan. In the case of an unemployed person, the Credit Bureau entry is negative.
As a result, the bank refused the instant loan for unemployed people without guarantor, which could provide the necessary security. The unemployed is therefore dependent on a bank that does not consult the Credit Bureau entry. This applies to foreign banks. You can contact them via the Internet. However, you should take the time to compare offers and study experience reports to separate good and bad lenders.
Immediate loan for unemployed without guarantor: The way out personal loan
If you cannot find a bank that offers what you want, there is still the option to take out the instant loan for unemployed people without a guarantor through a private individual. It is easiest if you know a person (often relatives) who lends you the necessary money. If this is not the case, corresponding offers from other people can be found on the Internet. These people offer their loans on portals. They are much more free to decide when to grant a loan than the banks, which are bound by strict requirements.