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How do I get a loan but I'm unemployed, have no payslips & no credit?

The only circumstances in which you could get a loan of any type with the conditions you specified is if you have collateral. If you have no prior credit history or poor credit, the most common forms of lending available will be title lending - a very high interest loan that you can get if you own your car outright, with no auto loans - and pawn lending, where you go to a pawnshop with a valuable item that backs a loan to you at a similarly high interest rate. If you own your home outright or have significant equity in your home, you can also take out a mortgage or refinance your existing mortgage, though this is much rarer for someone in your circumstances. The typical cost of a loan with pawn and auto title lending is around $20 per $100 lent out per month, which in APR terms are in the triple digits. If you go with the mortgage option, you're most likely limited to a subprime mortgage if any, and depending on your level of credit you may be forced to take a haircut on your home equity value (i.e., the bank will force you to take out a mortgage for less than your home is worth but backed by your whole home's value). In all cases a default on the loan means you forfeit your collateral, and the size of the loan you can get depends on the value of the collateral. Forfeiting your home or your car isn't an appetizing prospect to most people, so even if you have bad credit doing this for short term cash needs tends to be a very last-resort option. Otherwise, you're basically out of luck unless you want to do something illegal, like lie on a loan application (fraud) or visiting an illegal loan shark. Even payday lenders and low-credit financial providers will try to ensure that you have some ability to pay before they lend to you. Get a job and build up a credit history and you'll have better options.

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