Menu
Apply with SunnyLoansUK
Instant Decision
Get Cash The Same Day
Money Could Be In Your Bank TODAY!
Can I get a same day payday loan when I’m unemployed?
The short answer is yes. It is possible to still qualify for a loan when you’re currently unemployed however you’ll need solid credit and another form of income.
Lenders will consider giving you a loan, but you must be able to persuade them you can make regular payments on time. Having a bad credit score decreases your chances of being accepted to be sure to make all monthly payment on time as failure to do so, can affect your score negatively.
Will I need a guarantor if I’m unemployed?
While it’s not essential, it can be a massive help to have someone who can co-sign the agreement, this can be anyone from a family or friend with a good credit history.
A guarantor will sign an agreement that in the event where you can not make a monthly payment, the guarantor must do so.
How Fast will I get my payment?
The application form should only take you a couple of minutes. After you submit your application, you should receive the decision in no longer than 2 minutes.
If approved, you should expect to see the money in your bank account on the same day.
Where Can I get a Same-day Loan while Unemployed?
You can get one with Sunny Loans, we work directly with lenders who allow people who are unemployed to still qualify for a loan. Our loans range from £100-£5000 same day pay-out.
If you are struggling financially, we advise looking at other alternatives before taking out a loan. However, if you still find yourself in need of loan. We may be able to help.
Same day loans for people on benefits
For people on benefits, you may find yourself needing that extra bit of cash for the month. Whether that’s for a car repair or you simply just need to oversee the rest of the month.
We advise you to only apply for a short-term loan and make sure you can meet the monthly repayments each month before considering this option.
On benefits need a loan today direct lender.
If you’re on benefits and need a loan today via direct lender we work with directly with direct lenders who allow people on benefits to be accessible to a short-term loan ranging from £100-£5000.
If you are currently on benefits and need to take out a loan. You can apply for a loan with us and see if you get approved.
Many people on benefits believe the only loans available to them are doorstep loans because the approval rates are higher. This simply isn’t true, and they’re considered very unsafe. It’ll always be a lot safer and easier to apply for a loan
Benefit Loans
While you may not get accepted by most lenders, there are many lenders out there who do accept people on benefits to receive a payday loan. It will particularly depend on the factors of your situation other than the benefits you receive. One way to find out whether you’re eligible it too apply and see you’re approved.
Benefit Same day Loans today
Most lenders including ourselves, pay out the same day.
What are the basic requirements to qualify for a loan?
To qualify for a loan with Sunny Loans you must be:
· Over the age of 18.
· Be a citizen of the UK
· Have a UK Bank account
· Have another source of income (Benefits if you’re currently unemployed)
Can I get a guaranteed loan while being Unemployed?
Unfortunately, we can’t guarantee loans for the unemployed. The main reason being is all lenders must carry out credit as well as affordability checks before approving your request for a loan. However, there’s many lenders who have high accept rates for people with bad credit.
Overall
While you may have to shop around depending on your circumstances being unemployed and needing a loan. They’re much more accessible than people in need are aware of.
If you ever find yourself in financial difficulty whether that’s because you lost your job or need more money, always try to find alternatives to a payday loan. However, they’re accessible if you need one, even being unemployed or on benefits
For more help about being unemployed please visit Step Change
Useful links
LOAN LINKS
LEGAL INFORMATION
Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable). *Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
We are an Introducer Appointed Representative of T.UK, who are a credit broker not a lender. Sunny Loans UK does not provide any loan or consumer Credit products directly. Sunny Loans UK is a registered trading style of 1st class finances PJMO Ltd, which is an Introducer Appointed Representative of T.UK and is entered on the financial services register under the reference number 688026 is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 831013. 1st class finances PJMO Ltd is registered in England and Wales (Company number: 11547109), Registered Office, 1st Class Finances PJMO, Office 131, Silk House, Park Green, Macclesfield, Cheshire, SK11 7QJ.
*We welcome applications from all who meet our eligibility criteria. Regardless of your credit score or previous history we will try to match you with a lender who is able to offer you a loan.
* not all lenders are able to pay out loans same day