You can get a personal loan with no income by getting a loan with a cosigner or by getting a secured personal loan. You could also get a loan from a trusted friend or family member or list an alternative form of income on your application if you don't have income from a job.
Ways to Get a Personal Loan with No Income
Get a loan with a cosigner
A cosigner who has a high income can help improve your chances of getting approved for a loan. However, the cosigner will be responsible for the loan if you cannot make the payments.
Apply for a secured personal loan
A secured personal loan requires you to put up something as collateral, such as a vehicle or money in a savings account. The lender can keep the collateral if you don't repay the loan. These loans are much less risky to lenders, which makes them easier to get.
Get a loan from a friend or family member
A friend or family member may be willing to loan you money if you don't currently have income. However, if you don't repay what you borrow, you risk damaging your relationship.
Use alternative forms of income on the loan application
If you don't have a primary income from a job, most lenders allow you to add alternative forms of income on your personal loan application. Some alternative forms of income include unemployment benefits, child support, alimony or disability benefits.
If you think a personal loan is right for you, you can estimate your approval odds with the free pre-qualification tool on WalletHub.
Improve your credit score
Having a high credit score may make up for having low income, but not if you have no income at all. If you have excellent credit, you may be able to get a loan with a low APR, as well. You can get customized credit score improvement advice when you sign up for a free WalletHub account.
Additionally, you do not need a primary income to get a credit card. You can use alternative forms of income on a credit card application, such as alimony or disability benefits. Using a credit card to get a cash advance is also an option, but cash advances have an expensive fee and high APR.
Auto title loans may be advertised as loans for people with no income, too. These loans should be avoided since they often have very expensive fees and short repayment periods. You also risk losing your vehicle.