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How do I apply for unemployed loans?

Getting a loan while you are unemployed is not easy, simply because you do not have any income source which basically means that the lender can have no surety as to whether you will be able to repay the loan or not. On the other hand, unemployed loans are sought by those who want to start their own business and starting a new business involves a high amount of risk and a great chance that the investment made will be lost with little or no return. However, there are still certain loan options which you can apply for even if you are unemployed, these are: Gold loan; it requires no income proof or credit history. A secured loan, you can place any precious asset as collateral and avail loan. Pradhan Mantri Mudra Yojana for Women Prime Minister Rozgar Yojana Cash Loans Agriculture loans Except for agriculture loans, all other loans can easily help you in kick-starting your own venture. You can apply for government loan schemes through the concerned website by enquiring in any nationalized bank. For other loans, you can find out about its availability in the nearest bank branch.

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