How to Get a Personal Loan Without a Job

Getting a personal loan with no job is very difficult. There are not many resources for a person who has no income when it comes to getting a loan. Individuals with no job or income may have to consider using collateral as a source to get the loan needed. There are also other ways a person may acquire the personal loan needed.

• Ask family members for a personal loan. Depending upon your reputation with them in the past for paying money back, you may be able to get a nice personal loan. Make sure you have a small private contract written out between you and the lender. You do not want them coming back and trying to add on ridiculous interest fees later.


• Consider asking a friend of the family. If you have a close friend, it may be best to ask them before going to a family member. Many times a friend will actually loan you the money a lot quicker than a family member and is less likely to be judgmental of your circumstances.


• Go to a pawnshop. If you have a few valuables around your home that will bring in some cash, you may have to go this route. Make sure you call the pawnshop in advance before taking every electronic out of your house; there are some things a pawnshop will just not accept.


• Make an appointment with churches in your area to discuss your problem. Many big churches have special funds that are set aside to help members and people in the community. Make sure you ask them in advance what types of documentation you will need to bring.


• Consider going to a small lending company. If you have no job but own land, home or other assets, you may be able to get a loan against them. Keep in mind if your do not pay your loan back, you will lose your property.