Every lender will have their own rules and regulations on lending to people who are not currently employed. It would make sense to reach out to the potential lenders when you are researching your loan and make enquiries about their rules around lending to people who do not have a job.
At Nimble, we will consider lending to those who are partly dependent on Centrelink benefits. However, this will only be the case if your Centrelink benefits account for less than 50% of your total income. In order to be eligible for a Nimble loan, you will need to be working.
There are a number of factors that we consider when it comes to determining your suitability for a loan. We believe the best way to evaluate your current financial situation is to ask you to log in to your bank so that we can look at your recent statements. We evaluate your income and expenses in order to best understand if and what we can lend to you and for how long.
We started Nimble with the simple vision of making lending easier. Our goal was to lend money quickly, securely and without the normal red tape that surrounds traditional lending. Our goal was always to lend differently but with that said, we never wanted to encourage financial irresponsibility.
Although your situation can be difficult when unemployed, you should really consider other options before taking out a loan as this can put you at further financial risk. If you are currently encountering financial difficulty, there are resources that can help advise you when you are going through a period of unemployment. ASIC is a great place to start.