loans

Loan for unemployed: how to get it?

Losing your job and running out of money is complicated. But did you know that unemployed people can apply for a loan? So here we separate some options to help you. Read this post and get to know each one of them.

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Find out how to get a loan under these conditions

Como funciona o empréstimo para desempregado. Fonte: Freepik.
How the unemployment loan works. Source: Freepik.

First, few know about the loan option for the unemployed, believing that to apply for a loan it is necessary to have a high income or a good job.

As incredible as it sounds, it exists and can be more accessible than you might think. Of course, when it comes to the financial part, you have to be careful. But it's not because there is this option that you should choose or do without researching beforehand.

Therefore, today we are going to show you how you can apply for your loan while unemployed and what options you may have.

How to get a loan while unemployed?

Quais as opções de empréstimo para desempregado? Fonte: Freepik.
What are the loan options for the unemployed? Source: Freepik.

Loan options for the unemployed, although not many, have certain modalities. These modalities are defined from the type of guarantee that the person, who will make the request, can offer.

Therefore, if you intend to look for any of the options, remember to always find out about the conditions. 

In addition, below we separate some tips for you to check each of the modalities and how they work.

Loan with vehicle guarantee

If you own a car and are in need of money, you can opt for this type of credit. In this case, it works as follows: you apply for a loan and put your vehicle as a form of payment guarantee.

Therefore, if there is any unforeseen event, the bank in question takes your car as a means of paying off the debt. But if you pay on time, there's nothing to worry about. But not all institutions offer this type of loan.

In addition, each institution may offer different conditions and requirements. Under these conditions and requirements, vehicle documentation may be up to date, vehicle model, year, etc. Check what is required with the chosen institution.

Loan with property guarantee

In this modality, it is necessary to have a property in your name. In the same way as a loan with a vehicle guarantee, the bank will guarantee your property as payment. 

Furthermore, it is important to check the possibilities well. If the property in question is the house where you live, you may end up getting more complicated. Therefore, evaluate the conditions well and what fits best for your case and condition.

On the other hand, if the payment is made correctly, once the debt is paid off, the guarantee is no longer required. Therefore, the bank will no longer have a chance to take over the house or charge anything beyond the agreed amount.

Loan without proof of income

This type of loan is less common, but it is still available in some cases. Unlike the secured loan, the person can apply in another way, but with more care. 

It is usually offered and can be requested for self-employed people or people who cannot prove their income. That is, unemployed people fit in, and can also apply for this type of loan.

Still, it may be necessary to provide a guarantee. In that case, it may not be a property or vehicle itself, but something of great value. Some people pawn family assets like jewelry, for example. Because there are few institutions that offer this modality.

microcredit

This credit option is offered especially to people who own micro or small businesses. Exclusively aimed at them, it is possible to request if the objective is to expand or improve your business.

Furthermore, not all institutions offer it, and the requirements are very specific. It is necessary to prove what the loan amount will be used for.

Some institutions already put the form of proof in the requirements, and this can help. It is important to emphasize that, in order to apply for a loan in this modality, the applicant cannot have a dirty or negative name.

Loan for unemployed with FGTS

There is a loan modality that the person can use the FGTS money as collateral. This type of loan is available to people who have a balance in their FGTS account.

The balance amount must be at least R$500.00. The rules for the payroll loan with FGTS guarantee changed in 2018. Thus, if the person has a balance, even if he does not have a formal contract, he can apply for this loan.

In addition, each institution can offer it in a different way, even having the option of early withdrawal of the FGTS as a loan. Therefore, find out about the conditions at the institution you choose.

Which banks offer loan for unemployed?

Quais instituições possuem a opção de empréstimo para desempregado. Fonte: Pxhere.
Which institutions have the option of loan for unemployed. Source: Pxhere.

As mentioned above, not all institutions offer the option of credit for the unemployed. Those that do, usually have one or more modalities available.

Below you can check out some institutions that offer loans to unemployed people. Remembering that each one may have different conditions from the others, and it is always important to inform yourself.

Simple Loan

Simplic, in addition to offering credit to people with negative names, also offers other modalities. The institution is safe and still has prestige for offering loans to people who have no other options. On the website there is no information about loan for unemployed.

In addition, the company is registered and authorized to make loans, in accordance with the Central Bank. To apply for your loan with Simplic, you can take a look at the article below which has everything you need to know.

How to Apply for a Simple Loan

Loan for negative, retired or pensioner and civil servant? Simplic has. Click here and find out how to get yours.

Olé Loan

Olé's loan is aimed at retirees and pensioners, civil servants and INSS beneficiaries. Also, to find out if it works for you, you can check the website. If your case fits the requirements for applying for credit or not, you can find out easily.

Olé, which has a partnership with Banco Santander, offers a lot of security when offering credit. The conditions are clear and the request can be made online. But it is worth noting that in the article below you can check out how to make the request step by step.

How to apply for a loan from Banco Olé

Do you know Banco Olé's negative loan option? Want to know how to order yours? Then click here!

Bank of Brazil Loan

Banco do Brasil offers secured credit, which in this case is for unemployed people or in some cases negative. In addition to those mentioned above, there are still other options such as benefit credit. 

In addition, conditions vary for each modality. Banco do Brasil is one of the most renowned institutions in the country, and the request can be made at the branches or on the website. You can check how to place your order in our article. Just click the link below.

BMG loan

In partnership with Creditas, BMG offers secured credit. As well as those mentioned above, you can offer your property or car as collateral to apply for the loan.

The request can also be made online, and on the website they leave all the information. You can even run a simulation. So, in order not to get lost and without knowing how to apply, just check out the article below.

How to apply for a BMG loan

Are you negative and need money? Did you know that BMG can help you? Check here how to apply for your BMG loan.

Agibank loan

Agibank focuses on payroll and personal loans. For example, if you have INSS credit, you can apply for a loan without complications. For other loan modalities, you can consult the website.

Even though it is not exclusively a loan for the unemployed, you may fit the profile. The request can also be made online, and in order not to get lost, the article below leaves each step in detail. Questions can be answered on the website itself, or by calling the customer service number.

How to apply for Agibank loan

Agibank offers loans for different situations. Need yours? See here how to order yours.

Finally, it is important to inform that no institution is authorized to make any request for deposit to release the loan. According to the Central Bank, responsible for regularization, this practice is prohibited.

If for some reason you receive messages, emails or calls requesting the deposit of some amount, it may be a scam. Therefore, if it happens to you, contact the institution in question or the authorities to find out.

How to get a bad credit loan online

Are you negative and still need money? Check here how to get a loan online, even if you are negative.

About the author  /  Sara Martins

Reviewed by  /  Junior Aguiar

Senior Editor

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