Can you get a loan when you are unemployed?
Usually no. The only exception may be is if you own you own house and have substantial cash savings. In the case of owning the home, they will place a Mortgage (secured loan) over the property and like and endowment policy, you pay the interest and the investment covers the final balance on due date. It would also depend on the average time your have between in employment, e.g. you are a seasonal worker, but for the rest of the year you do work and the amount is significant, however you would have to provide a lot of evidence for that relating to your income and history of that trade. Other than that and you a looking at an instalment loan then your chances are pretty low. Even if you do, the loan will be seen as very high risk and you will pay significant interest. Actually this is where the PayDay/WONGA type loans popped up from, and their interest rates can be between 900 to 2600% APR- you stay away from that type of loan altogether as you will never be able to pay the interest, let alone the capital.