Grace Enfield, Content Writer
@grace_enfield
The best quick loans for unemployed people are from Upgrade. If you do not have a job, you can list supplementary income on your application, such as alimony, retirement funds, Social Security benefits, child support and rental property proceeds. You can also apply with a co-applicant to improve your chances of approval.
Best Quick Loans for Unemployed People
| Company | Funding As Soon As | Loan Amounts | APRs | Credit Score Requirement |
| 2 business days | $1,000 - $50,000 | 7.96% - 35.97% | 620* | |
| 1 business day | $1,000 - $50,000 | 5.35% - 35.99%, typically | None | |
| The next business day | $2,000 - $30,000 | 7.99% - 35.99% | 620 | |
| 1 business day | $2,000 - $35,000 | 9.95% - 35.99% | 580* | |
| 2 business days | $500 - $4,000 | 59% - 160% | None | |
| 3 business days | $3,500 - $40,000 | 6.99% - 24.99% | 660 | |
| 2 business days | $2,000 - $50,000 | 7.99% - 35.99% | 640 | |
| 2 business days | $5,000 - $50,000 | 7.99% - 29.99% | 620 |
*According to multiple third-party sources.
To read more about the top-ranked offers, check out WalletHub’s picks for the best quick loans. Then, you can estimate your rates with our free pre-qualification tool.
Aside from loans, you can also get funds quickly from unemployment insurance through the government. You’ll typically get weekly payments to help you pay for necessary expenses while you continue to look for a job.
Additionally, you may see payday loans advertised as quick loans for unemployed people. But you should avoid these loans because they often have fees equivalent to an APR of 400%+ and very short repayment periods.
Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).
The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
2023 Best Quick Loans
Compare offersPeople also ask
Can I borrow money if I am unemployed?
Yes, you can borrow money if you are unemployed by using an alternate source of income on a loan or credit card application, getting a cosigner, or borrowing from a friend or family member. Borrowing money while unemployed is more difficult than borrowing when you have a job, but it… read full answer
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