Loans for unemployed people

Instant Decision 3 to 60 Month Loans

£100 – £5,000 paid out by 21:52 Today

100% No obligation Loan Quotes

We don’t charge you any fees

Money deposited in 15 minutes

We don’t perform a credit check*

I am unemployed, can I get a loan?

Most mainstream direct lenders in the UK expect you to be in at least part-time employment before they would consider you for a loan. Although some direct lenders are willing to provide loans for unemployed people if they can show that they can afford the scheduled repayments due on the loan from the income they receive from their benefits. So it’s not a closed door as more direct lenders are designing short term loans for unemployed people.

You can apply for a loan through Cashute, our partner will perform a soft search to match your application with the most suitable lender within their extensive panel of lenders. These lenders provide loans to a variety of people to suit the borrower’s circumstances, you can rest assured that the soft search which is performed will not negatively impact your credit score. Remember that all loan applications are not obligatory meaning you can fill in your application, send it and be offered a loan, you are not under any obligation to accept the offer if you are not happy with it.

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Applying is Free and No-Obligation

How quickly will the money be in my account?

Direct lenders have now made the whole process of applying, approving and having money in your account as seamless and rapid than ever before. Short term loan lenders can ensure that when you apply that their customers are able to get access to their money when they need a quick loan. Lenders are well aware that people generally need a quick loan when the unexpected occurs putting them in a predicament of not being able to wait until next payday to afford the unexpected expense. Apply now and you could have the money in your account today.

Do I need a guarantor for an unemployed loan?

Loans for unemployed individuals can sometimes require a guarantor to vouch for you and be there to repay the loan in the event that you are unable to do so. Not all direct lenders provide loans for unemployed people with a guarantor and may look at the income you are receiving from benefits to cover the repayment schedule to repay the short term loan, please make sure that you take the loan repayments into consideration when applying for a short term loan.

If you want to apply for loans for unemployed, it is possible that you will need to have access to a guarantor, who can co-sign the loan. This can be a family member or a friend who has a good credit history. Not all lenders will require this, however. If you are in receipt of permanent benefits, they may still consider you for an unemployed loan no guarantor.

Annual interest rate of 292% (Fixed)

For example:

£200 borrowed for 35 days

Annual interest rate of 292% (Fixed)

Total amount payable is £256

1212% APR Representative

Finding the best guarantor loan for me.

With guarantor loans you need to keep in mind that everyone is different and therefore each circumstance and situation will be unique, this is something which you need to keep in mind when applying for a guarantor loan. You will find that direct lender offers a wide range of guarantor loans for people with bad credit.

As with other types of loans such as payday loans and short term loans, direct lenders will always look at your personal situation along with your credit history so more people who otherwise would not have qualified for a loan are now able to get a guarantor loan online.

As more direct lenders start to offer guarantor loans you will see more competition which will lead to lower APRs which is good for the consumer.

We work with our partner with their panel of direct lenders in the UK to provide you with a fast and efficient service to find the best short-term loan to suit your requirements.

How quickly will guarantor loans be paid into my account?

When you are facing an unexpected emergency and need funds quickly it is important that direct lenders can get the funds into your account as quickly as possible. How quickly the money makes it to your account is based on various factors such as how much you are looking to borrow and over what period of time you are looking to repay the loan. The money can be in your account the same day the loan has been approved or for larger amounts for short term guarantor loans, it could take a couple of days.

Our partners’ panel of direct lenders has a wide range of guarantor loans and other short-term loan products which are there to help people with bad credit. Short term loans and payday loans do have a higher APR than longer-term instalment loans, we strongly recommend that these short-term loans, payday loans and guarantor loans are used for emergency short term purposes only.

What do I need to apply?

Applying for a loan is straightforward and is all online.

Before you start your application have this ready:

Details of your regular monthly income and outgoings

Mobile phone number

Valid email address

Home address for the last three years

Your Bank account

Your Debit card information

Applying for short term loan on mobile

Fast, Free & Easy No-Obligation Application Process


Choose Loan Amount & Term

Simply chose how much you wish to borrow and over how many months you wish to repay the loan


Fill in the Application form

Fill in our simple application form which takes only a few minutes and then apply for your loan


Receive Your Cash

We send your application to our panel of lenders, once approved you will receive the funds directly to your bank account

Why choose Cashute

Authorised by the Financial Conduct Authority

Fast Online Application

No Payout Fees

No obligation quote

No paperwork

100% UK Based

Very High Acceptance Rates

No Hidden Costs

Can I get approved for a loan before I apply?

All loan applications need to as per The Financial Conduct Authority rule include a credit check, as much as we would love to tell you that there is such a thing as a guaranteed loan, unfortunately, there is not, since each individual application must be assessed for its suitability to repay the loan.

When you submit your application, it is put through a soft credit match to determine which lenders are likely to approve your loan application prior to applying for the loan.

Performing the soft credit search makes the whole application process much faster which means the money in your account faster and also there is the advantage that a soft credit search will not impact your credit score should your application be declined.

Cashutes’ partner panel of direct lenders is all authorised and regulated by The Financial Conduct Authority who all by law follow strict guidelines.

Car Repair

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Living Expenses

Home Improvements

Over 50 Lenders

No paperwork

Flexible repayment

Instant decision

No Credit Foot Print

Fast Deposits

How do I apply for the best payday loan?

To apply a loan is simple, collect your bank details, provided you meet the criteria listed below you can start your application process:

  • 18 years old.
  • UK resident.
  • Hold a UK bank account.
  • Employed with a regular salary (so you can repay the money that you borrow).
  • Bank details to hand.

Once completed submit the application form by clicking on the “Apply” button and wait for a response from one of our direct lenders as soon as we find the best match for you, this should not take long.

When you receive the loan proposal can decide if you wish to proceed with offer, if you do want to proceed with the loan just apply and the funds will be deposited into your bank account within hours, always remember that you can apply with no obligation even if you have bad credit as many direct lenders support payday loans bad credit.

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Benefits of Quick Loans

The biggest benefit is, of course, the ability to respond to an unexpected event with a lump sum of cash. But, compared to other types of credit, there are other benefits to applying for a short-term loan through Cashute:

  • Funds in your account within the hour (hourly payouts between 6am-11pm)
  • Pay back your loan in manageable installments
  • You don’t need a guarantor
  • Borrow from £100 to £5000 (subject to affordability)
  • Short-term loans can help to build up your credit rating

Should I apply for an Instant Loan

Depending on your circumstances, you should apply if you:

  • Have an unexpected expense needing a lump sum
  • Would like to replace tired or worn out furniture or items at home
  • Need a quick decision at that moment
  • Do not want to take out a payday loan
  • Wish to repay your loan by monthly instalments
  • Like the peace of mind knowing exactly how much you will have to repay each month
  • Unemployed Loans15 Mins – £100 to £5,000 High Approval Rate | Cashute

I am really struggling with my debts, What can I do?

It is normal to feel like you want to ignore the problem in the hopes it goes away but if you are having problems meeting your monthly repayment it is important to contact your creditor to see if you can rearrange your repayments.

If you have multiple outgoings per month to multiple creditors you may want to consider a consolidation loan, this is a preferred way to bring all payments you may have under one monthly sum. If you are not able to secure a consolidation loan then we strongly recommend contacting your creditors immediately the sooner you can address the issue the sooner you can get it sorted and avoid any charges. The Financial Conduct Authority place a requirement on all lenders to provide a duty of care to help all customers who are going through financial difficulties.

We recommend that you also seek the advice of the companies list below, they are there to help you, they offer free debt advice.

Warning: Late repayment can cause you serious money problems. For help, go to