Top Online Platforms to Personal Loans While Unemployed

Nothing is challenging like acquiring a personal loan while you are unemployed. But, unfortunately, some lenders would instead give a payday loan to employed people with a bad credit history than lend to those who are unemployed.

For example, to qualify for a payday loan, one of the requirements is to provide proof of a steady flow of income. So, if you are not employed, getting a payday loan will be so challenging. In addition, other loans like installment loans will also require you to have a paycheck or collateral for you to get a loan from them.

The good news to the unemployed fellows is that verified platforms can help you get a personal loan without a job.

Let’s roll to the first platform.

1. Moneymutual

Moneymutual is an online platform where you can get a loan, regardless of being employed or not. Moneymutual started back in 2010, and it’s a legit platform that has helped millions of Americans to get quick cash for emergencies and uncertainties.

The platform connects you with potential lenders after you fill an application form. Moneymutual has over 60 lenders willing to come through for the unemployed, those with bad credit scores, and those in need of payday loans or installment loans.

After the lenders see your information, they will analyze it to know the amount of loan you can get.  The online application is simple and transparent. The platform spares you the time of going to individual lenders, not knowing the exact lender who will help you out.

The good thing about Moneymutual loans is that they are multipurpose. There are no instructions on how you can use your money. You can get short-term loans to pay some car bills, school fees, or even go on a vacation.

The maximum loan amount from MoneyMutual is $5000, and you can receive it in 24 hours. Moneymutual does not deduct a loan processing fee at all.  Unfortunately, loans at Moneymutual can have very high interest rates, so you may have to consider other options.

2. CashUSA

Personal Loans While Unemployed

CashUSA is another platform where they connect lenders with potential borrowers. This network also saves you the time going to individual lenders to get loans. The platform has multiple lenders who can consider you if you are unemployed. In addition, the platform can also give hope to those with bad credit histories.

Once you submit your details to the platform, sit down and relax because they will handle the rest. Once they find a lender who can give you a loan without being employed, you will get a notification.

Afterward, the lender discusses with you their terms and the amount of loan you can get. The application process is simple and time-saving since you will do everything online.

Another good thing about CashUSA is that most lenders do not conduct credit checks on their borrowers. So if you are unemployed and still have a bad credit history, you will still get a loan on the platform.

The interest rates of CashUSA lenders range from 5.99% up to 35.99%, which is way too cheap compared to payday loans which can go above 400%. CashUSA can give you loans from $500 up to $10,000.

The CashUSA lenders can approve your loan in a matter of minutes, so if it’s an emergency, you will get the cash sooner than later. Something else is that you can use the funds for any purpose that you want.

Both application and approval are transparent and straightforward, and you can do it entirely online. This criterion helps in saving you time to move from one point to another looking for loans for unemployed people.

3. BadCreditLoans

Just like the name suggests, there is a possibility of getting a personal loan with bad credit history on this platform. Bad credit loans are also a platform that links lenders with borrowers. This lending platform has been in business for more than 20years, having started in 1998. The many years in operation show that it’s legit and reliable to get loans faster.

BadCreditLoans also have a network of native American lenders whom we classify as tribal lenders. However, the tribal lenders do not follow federal laws, meaning that the government does not regulate them.

You can get loans on this platform ranging from $500 up to $10,000. So if you are unemployed, the loan you get can be a starting capital of a business.

Those who receive unemployment payments can also receive a loan from the platform. However, that only applies to US citizens and those above 18 years.

If you have a bad credit loan, you will get a loan from BadCreditLoans, but the amount will be very low. So, the platform can only help you without employment or bad credit when you need a small amount of cash.


PersonalLoans is another platform that can help you get personal loans if you are unemployed. The platform started back in 2017, and it’s focused on assisting the borrowers in meeting with lenders who can sort out their issues.

You can get loans from $1000 up to $35000 on the PersonalLoans platform, and the application and approval process is fast and straightforward. The lender releases your funds within one business day, so it’s suitable for emergencies.

PersonalLoans platform has good customer care services that can help you answer any pressing questions you have.

5. Credit unions

Credit unions consist of members who save money over a certain period. The Credit unions use members’ savings to lend to those who need shorter loans or payday loans.

The credit unions can give you weekly payment plans once you are unemployed. However, to qualify for a credit union loan, you have to be an active member. Thus, you should ensure that you belong to one credit union that can help you if you need some money.

The bottom line

If you need a loan and are not employed, you better have a reliable payment plan before borrowing.