Although the majority consider it an obstacle, being unemployed does not prevent you from applying for a personal loan. An explanation over at http://www.siteniz.org/small-loans-bad-credit-online-small-loans-for-bad-credit-in-3-easy-steps/
Banks are certainly more reluctant to grant unemployed people credit, but there are many alternatives for them to access credit.
A concrete backrest
To compensate for a drop in income or even a complete loss of income, the unemployed can apply for the personal unemployment loan.
The special feature of the latter is the low rate and monthly payments that are determined on a case-by-case basis. The precarious situation of an unemployed person makes the banks more demanding for investigating such matters. Therefore, it is recommended that you get assisted by a broker to give yourself more opportunities to convince the banking institutions.
The presentation of a complete file, including all required supporting documents, is essential. You must provide all evidence that can reassure the bank that there are no risks to your insolvency. Generally, the application must include proof of identity, proof of non-work, various statements from the last 3 months, utility bills and any title deeds.
Despite the fact that your situation limits you in everything you want to do, you still have the privilege of choosing the personal loan offer that best suits your needs.
Compete for the best rate using online personal loan comparisons. With the information these virtual tools provide, it is easier to negotiate your personal loan for the unemployed as you know the most advantageous terms on the market.
You cannot be more credible with the statistics and data that you are about to present. The process will also be easier as you will only request the settings with the lowest APR.
Emphasizing your assets
Belgian banks give more opportunities to unemployed people who take out a personal loan and who have at least 10% of the capital they apply for. For others, the alternative is the personal starting loan if they have been unemployed for at least 3 months.
Subsequently, a project will have to be submitted that has been previously validated by the Participation Funds and that will generate income. Otherwise, the mortgage loan will remain an attractive option for the unemployed, who can benefit from capital corresponding to the value of their pledged property.
If you do not own real estate, consider applying for a personal loan guaranteed by a co-borrower by proving its solvency and obtaining the approval of the National Bank of Belgium as not being the subject of a file.
The credit amount of belgium
This is a social microcredit for those who are rejected by traditional credit, in this case the unemployed and those who benefit from integration income. It provides capital for financing purchases, work, holidays, etc. There are two types of FineBank credits:
Assisted social credit, the amount of which varies between 500 and 10,000 dollars, for a period of 18 to 48 months with an APR of 4% to 5%.
The Brussels green loan for energy improvement works for a maximum period of 10 years with an APR between 0 and 1% and for an amount of 500 to 25,000 dollars.