The Polish banking system is very restrictive towards potential clients who want to take out a loan or credit. “Can I take out a loan if I am unemployed?” Many people who are not permanently employed but who earn regular income differently are wondering. Almost each of us from time to time needs extra cash due to unforeseen expenses related to even a car breakdown or the need to renovate an apartment. Do you have a chance for financial support as an unemployed person?
What do banks pay attention to when deciding to grant a loan?
From the bank’s point of view, the process of granting a loan, credit or credit card to a customer involves estimating the level of risk that the debt will not be repaid. No bank approaches this obligation liberally. The institution’s dream client is a person employed under an indefinite employment contract. Even the level of earned income goes to the background. Loans for the unemployed, so it is impossible in practice, because even people earning in the form of their own business activity or on the basis of civil law contracts have huge problems with obtaining it. The answer to the question of whether an unemployed person can get a loan is: no. At least when we are looking for her in a traditional bank.
Can I take a loan if I am unemployed? Alternative sources of income
The unemployed are not completely in a lost position. There are trusted lenders from the non-banking sector operating on the Polish market, which have a much higher level of trust towards their potential and current clients. For an unemployed person to be able to get a loan, they only need to achieve an adequate level of solid income that is not wholly absorbed in monthly expenditure.
Where do the unemployed most often earn an income that gives them a chance to get a loan? A classic example is the rental of real estate – apartments or business premises. Many unemployed people, in fact, have a lot of assets that they multiply, for example, by owning shares and dividends. Income includes scholarships and donations. In addition, many people working abroad or in the shadow economy cannot formally document their employment. The advantage of all the unemployed, but still earning is the history of their personal bank account.
Loans adapted to the needs of the unemployed
Proven non-bank institutions operating under Polish law, such as Clarissa Harlowe, easily grant loans to the unemployed by verifying their income and expenses. All you have to do is fill out a short form, select the amount you are interested in and submit an application for a loan for the unemployed. The decision should be made within a few minutes. It is undertaken by people, not banking IT systems. The whole process takes place over the internet, and the money that you can spend on any purpose is immediately sent to your bank account. Clarissa Harlowe has had the opportunity to support hundreds of thousands of Poles to fulfill their dreams and solve current financial problems.