It would seem that the unemployed without a stable source of income have no chance of getting a loan. Banks to such borrowers come from a great distance and are wary of them, not wanting to lend them their money. For borrowers, a permanent source of income is required. Non-bank financial institutions have a slightly different policy, offering loans also to those in debt and those who do not have a stable source of income. An example are loans for ID cards without unemployment certificates. What should you know about such a loan and how to apply for it?
Who is an unemployed person under the law?
From the point of view of Polish law, an unemployed person is a person who is unemployed, not having performed it under a contract of employment or civil law contract, and at the same time registered at the employment office. If she meets certain conditions, she is also entitled to an allowance.
That’s it when it comes to the letter of the law. In practice, the unemployed earn even more than full-time employees. Such people repeatedly receive income from other sources, e.g. renting real estate, investment in shares, savings accounts, deposits, inheritances, donations, scholarships, but also work abroad.
Loan for the unemployed
It is to such people that loans are provided as proof without certificates. These are offered primarily by parabanks. It is difficult to meet the offer of such liabilities in banks. In practice, there are no offers for loans for the unemployed, although a similar financial product is a loan for proof.
The offer of such loans in banks is wide, but in reality applying for such a loan is much more difficult than it may seem. It is often a highly colored product. While there is a chance for such a loan with regular account payments, applicants with no stable income may forget about it.
Payday loans for the unemployed
It is much easier to obtain such a loan in non-bank financial companies. Such a loan compared to other financial products also reduces the formalities to an absolute minimum. Therefore, instantaneous instant proof certificates without unemployment certificates can be taken online without leaving your home. All you need is your ID card, computer and internet connection.
Interest on such loans is also attractive for borrowers. Of course, these products are more expensive and interest-bearing than bank loans, but it is acceptable. Lenders know that higher interest rates on such loans do not serve both parties. Interest in such products will then be lower and borrowers may not pay their liabilities. This is a big problem for a loan company that will have trouble collecting money and interest due.
How much and for how long can unemployed people borrow money?
Loans for the unemployed have a relatively low interest rate and a high level of flexibility, taking into account repayment terms and maximum loan amounts. Most often, the repayment period for loans without proof of unemployment is reduced to 30 days. There are, however, offers with twice the loan period.
The maximum amounts that can be borrowed from non-bank companies are also different. As a rule, they do not exceed PLN 5,000. Much in this area, however, depends on the lending conditions of parabanks. The offer, however, is so wide that the unemployed seeking additional funds will find loans of lower value, as well as offers exceeding PLN 5,000. zł.
How do you find a loan for the unemployed?
Evidence loans without unemployment certificates are an increasingly common product on the market, although unemployment is falling, and according to statistics, Poles in the socio-economic sphere are getting better. Those in need cannot, however, not prepare for the process of applying for such a loan. First of all, find the best loan offer, which is not particularly difficult in the 21st century. The easiest way is to use regularly updated rankings that allow you to find the optimal financial loan for the unemployed. The ranking provides answers to many key information about the loan, including loan period, maximum amount, interest rate, loan extension costs, etc.
Undoubtedly, the greatest advantage of payday loans for proof without unemployment certificates is the convenience associated with entering into such a commitment. This is due to the fact that you apply for it via the Internet, which requires a computer and a network connection. Importantly, the money on the bank account appears even within 15 minutes of accepting the application, although the key is the bank where the borrower has the account.
Although thanks to such a loan, the unemployed person is able to improve his financial situation, such a commitment must be made with his head. You certainly can’t borrow money without a thorough analysis of your financial capabilities, which can end up falling into a spiral of debt. This is a big problem that can have serious consequences, including bailiff enforcement.