Getting a loan when you are not working is not an easy task. Many unemployed people find it difficult to apply for financing. But many times they are the profiles that need it most, precisely because they do not have a comfortable financial situation. So today we want to talk about loans for the unemployed.
What are unemployment loans?
Unemployment loans, as its name indicates, are aimed at those who do not work. That does not mean that they are collecting unemployment, simply, that they are not working.
According to the INE (National Statistics Institute), the unemployment rate in the country in the last quarter of 2019 was 13.78%. This means that the number of unemployed exceeded 3 million people.
From these data it follows that there are many people in the country who do not have a comfortable financial situation, and may need extraordinary financing at some point.
Who are the credits for the unemployed?
Unemployment loans are aimed at a wide variety of applicant profiles. Being unemployed does not necessarily mean that they are people who are not charging anything or that they are not spending their time for anything beneficial. They may be employed in other tasks, such as studying or starting their own business. Let’s give some examples of the unemployed:
- People who are collecting an invalidity benefit.
- Retirees who have already reached the end of their working life.
- Students full time.
- Entrepreneurs starting to put their business idea into operation and they are in a very early phase of the process.
- People employed in their own home, looking after children or the elderly and who therefore do not have an employment contract.
- Unemployed in search of work and who are collecting the benefit, or not.
Many times being unemployed implies taking greater control of household finances and spending more effort on saving. But this is not always possible and unforeseen events may arise that destabilize this planning. It is at this time that applying for loans for the unemployed can be a good solution.
How can personal loans for the unemployed help you?
It is very common for unemployed people to need help to make ends meet. Whether it is to face an unforeseen event, such as a home renovation or repair or even to launch a new business idea.
It is also not strange that taking advantage of the fact that one is not working, that time and resources are used to continue training or retraining professionally, in order to be able to opt for a better job. Whatever your situation, if you think that unemployment loans can be a good solution for you, do not hesitate to contact us.