Even if you lose your job, your expenses will not stop.
Sometimes we need a little help to bounce back from difficult situations. In such cases, it may be worthwhile to seek some help.
Luckily, some apps can lend you money right away, even if you don’t have a job. If you’re unemployed and need money urgently, various online apps can lend you money to help you deal with the problem.
So what are these apps? Let’s find out!
For those who need solitude in dire situations, clover is one of the best options to consider. The fact that it is easily available on the Google Playstore and Apple Market shows that people are beginning to recognize the utility of this app.
A big part of Klover’s fame is its low requirements. This platform has no superficial requirements to get a loan.
Clover has also been known to process loans even when most platforms have declined them. The people behind Klover understand that things can get tough. All you need is a little help to get back on your feet.
At Klover, we give you room to get loans up to $250 at Klover. The repayment period is also very flexible, so you can pay it back in the time available.
grain loan app
Grain Loan is another great platform for getting loans, although it operates differently.
Unlike most apps that check your credit score, Grain determines your eligibility by checking your checking account.
If your account statement shows good income in the last 3-6 months, your loan will be approved immediately.
Signing up for Grain also gives you access to a virtual credit card. You can use this credit card to make online transactions.
However, if you need cash, you can also use the platform to transfer money to any account.
After verifying your account, Grain can extend your loan up to $200. This amount can prove to be enough to live on while trying to find your next job.
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As the name suggests, FloatMe offers floats (aka caching). If eligible for a loan, the app will allow the user to request a float between checks.
Through FloatMe, you can request floats from $10 to $50 between checks. This platform does not charge interest or perform credit checks to determine eligibility.
Floatme also makes paying off loans easier. It costs about $2/month, but you can try it for free for a week.
With support from over 10,000 banks, FloatMe makes it easy to loan the amount you need to get your life back.
SoFi is an ideal choice if you are looking for a relatively large loan. Loans from SoFi have helped many overcome hardships during periods of unemployment.
They have also helped people develop their startups.
Sofi, an American online finance company, offers a variety of loans, including student loans, car loans, personal loans, credit cards, mortgages, and investments.
The platform allows you to borrow money between $50 and $5000.
However, SoFi may require proof of work to determine whether to approve a loan.
A proof of work helps ensure that the app can repay the loan amount. SoFi also requires you to have a credit score of at least 680 to provide loans.
There are no hidden fees associated with its use, but SoFi’s demands make it difficult to obtain loans from SoFi.
get a cash advance
Earnin is your trusted choice for getting a loan when things get tough. Earnin will send the loan amount before payday.
Its unique operation method and reliability have made it a hot topic in the United States. Earnin also has no superficial requirements to determine eligibility, making it easy for unemployed people to provide instant loans.
Even if you don’t have a job, you can get paid upfront with Earnin. The trick is to use your Earnin account as a service provider or worker.
This way, Earnin gives you money long before you receive it in case of an emergency.
Brigit is a great option for taking out loans without being credit compliant. Brigit offers instant loans up to $250 and favorable repayment terms.
This app is perfect for employees waiting for payday to come. If you need the money urgently and your payday is far away, you can take the money from Bridget and pay it back on your next payday.
Interest rates are also low, making it a solid choice compared to other lending platforms. Not only can Brigit lend you money instantly, it can also help you build your credit score through small loans.
Favorable repayment terms allow you to comfortably repay your loan through multiple transactions, thus improving your credit score.
Having a good credit score will make you more eligible for future loans and increase your financial credibility.
Getting a loan from Brigit is as easy as downloading an app from the Google Play Store or Apple Store.
Brigit also offers a detailed guide on how to get started getting an advance loan even if you’re unemployed.
Considering the ease of returns, improved credit score, and no need for credit checks, Brigit is the perfect app to take out a loan to get you through the tough times.
The last word
Being unemployed when you have expenses can be very stressful. In a scenario like this, it’s very urgent to need help. Thankfully, the loan apps featured in this guide will give you the financial help you need for a break.
But spend this money wisely. These apps may help you get a loan, but spend your money wisely to stay safe. Try to keep this loan at least until you find a job so you don’t have to worry about paying off your debt or taking out another loan.
We hope this guide helps you find the best app to take out a loan. And have fun job hunting!
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Hi, I’m Ashley, a freelance writer with a passion for personal finance. From a young age, I have been fascinated by the power of money and how it shapes our lives. Over the years, I’ve learned everything I can about budgeting, saving, investing, and planning for retirement. So if you’re looking for tips, advice or just a little bit of inspiration to help you on your financial journey, you’re in the right place. I am always happy to help. I am happy to share my passion for personal finance with you.