Whether or not you can get a cash loan without having a job will depend on the lender that you decide to borrow from, as each payday lender will have their own rules and regulations on lending to people who are not currently employed. If you reach out to the potential lenders and make enquiries about their rules around lending to people who do not have a job, a good lender will be able to communicate their rules on this.
At Nimble, we will consider lending to those who are partly dependent on Centrelink benefits. However, this will only be the case if your total income isn’t more than 50% from Centrelink. In general, in order to be eligible for a Nimble loan, you will need to be working. If you are currently dependent on Centrelink benefits, we will review your application to see if a Nimble loan is right for you. We work this way because we are a responsible lender, and we need to ensure that our customers are in a position to repay their loan with ease.
In addition to considering your employment status, there are a number of other 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 login to your bank so that we can look at your recent statements. We evaluate your incoming and outgoings in order to best understand if and what we can lend to you, and for how long.
We understand that your situation can be difficult when unemployed, however we advise that you should consider other options before taking out a loan, as this can put you at further financial risk. If you are currently encountering financial difficulty, ASIC is a great place to help offer your advice and resources on how to deal with difficult financial situations.