Best Unemployed Loans in Australia – Loans for People With No Jobs

Being unemployed is tough enough without the stress of consistent rejection from traditional banks and lending institutions when you need financial aid. At Pronto Paydays, we can provide you with access to some of the best instant loans for unemployed individuals in Australia with a few simple clicks! 

It takes just a few minutes to apply online for a small loan for unemployed individuals. If your application gets processed early enough (not on weekends or holidays), you can expect to get the cash you need within 60 short minutes. 

What Are Unemployed Loans and How Do They Work?

An unemployed loan is a small cash loan designed to help people who are unemployed get the bridging cash they need when they need it most.

It’s safe to say that the financial world is changing in Australia. No longer are unemployed people discriminated against. If you can prove that you’re able to repay the loan and meet the requirements, there’s every reason why you should apply for an unemployed loan online today.

What’s the catch? Meeting the requirements is the only catch! While you might be unemployed, you may still be earning some form of regular income, and that’s the important part. Some alternative forms of income that are usually accepted include the following:

  • Financial income from family
  • Centrelink or government benefits
  • Disability income
  • Child support
  • Trust proceeds
  • Dividend and recurring interest payments
  • Income from a spouse or partner (your spouse will need to co-sign)
  • Stocks and bonds
  • Rental/property income

Freelance income, savings, and even a job offer are often accepted as suitable income proof with providers of unemployed loans in Australia.

Unemployment loans work just like most other loans do. First and foremost, you determine what you can genuinely afford to repay every month and then apply for a small loan for unemployed individuals. If the lender deems you a viable candidate and provides the loan, you will need to repay it over the pre-arranged term.

Our max loan amount at Pronto Paydays is $10,000 with a max loan term of 24 months. Of course, for unemployed individuals, we recommend our small instant cash loans of up $2,000, which come with no interest attached and are easy to repay.

When applying for an easy loan for unemployed individuals, understand that the lender’s risk is considerably higher than other loan types. Because of this, many lenders cap the amount they will give to an unemployed individual, but you can start with a small amount and work your way up with a lender. Most lenders will allow up to $5,000 if you can prove affordability.

Types of Instant Loans for Unemployed Individuals 2023

As a non-working individual, you’re probably worried about what type of loans are out there for people in your financial situation. Below is a look at the types of loans that fall into the “for unemployed” category.

Best Personal Loans

You can apply for a personal loan if you’re unemployed – believe it or not, many lenders will carefully consider your application. If you’re earning at least $350 per week and more than 50% of that comes from income streams other than Centrelink, you’re in a good position to apply! Personal loans are quick and easy to apply for at Pronto Paydays.

Instant No Interest Loans

If you just need a bit of bridging cash to get through a rough patch or pay for an unexpected expense, aiming for a no interest loan is best for you. No interest loans are the ideal small loan for unemployed individuals. At Pronto Paydays, we offer 0% interest on all loans below $2,001. That means you can loan as much as $2,000 and only pay the 20% establishment fee and 4% monthly service fee. Interest only comes in on loans from $2,001 to $10,000, and that is usually a max of 48% APR.

Unemployed Bad Credit Cash Loans

If you’re unemployed, you may have a poor credit rating so you will be looking for a bad credit loan, or if you’re a student, you might have no credit history at all and started seeking a student loan. Lenders who base their loan outcomes on credit scores aren’t the ideal matches for you. This is where a no credit check personal loan steals the limelight. Lenders offering these types of loans place more emphasis on your current ability to repay the loan. They may ask for a breakdown of your expenses and proof of your income streams.

Guarantor Loans Online

If you’re unemployed but have someone willing to co-sign the loan with you, you can opt for a guarantor loan. You will still need to provide evidence of your income streams and prove you can afford to repay the loan, but the entire process becomes easier when you have someone else who will step in and take over if you’re unable to afford the loan.

Quick Payday Loans

Payday loans take the first prize when it comes to finding easy loans for unemployed individuals. It probably makes no sense, with the name of the loan being “payday”, but it is actually more a reference to aligning your repayments with the same day that your income funds arrive in your bank account. For instance, if your family gives you $200 per month at the end of the month and Centrelink gives you a further $250 per week, the lender may want to automatically debit your account on one of the two dates you receive funds. These loans come with 0% interest, 20% establishment fee, and 4% monthly service fee. Most payday loans get repaid between 7 and 30 days at Pronto Paydays, but some lenders allow longer repayment terms.

Features of Unemployed Loans in Australia

Unemployed loans across Australia share the following features:

Small & Affordable Loan Amounts

While loans are available to unemployed individuals, there is a limit to how much a lender will offer you. Most of our unemployed loans at Pronto Paydays are between $200 and $2,000 and paid back over 7 to 30 days. That said, we work with lenders that offer loan amounts of up to $10,000 with terms of up to 24 months.

Loan Terms

Loan terms are important because they determine how much you spend in total on your loan. If your loan drags on for years, your costs will be higher because you will be paying a monthly service fee on loans of less than $2,000 and up to 48% annual interest on loans of a higher amount. As such, we encourage borrowers to choose smaller loans with shorter terms. Our loans for unemployed individuals typically run  7 to 30 days, but we do have lengthier terms that extend to 24 months depending on how much you and the affordability thereof.

Examples of Unemployed Loans

Do you want to know what to expect when applying for an instant loan for unemployed individuals? Check out the table below for a few examples.

Lender Max Loan Loan Term Disbursement Fees
Nils $1500 12-18 months Same day None
Sunshine Loans $2,000 9-14 weeks 60 Minutes 20% establishment 4% monthly fee
Ferratum Money $1,900 3-12 months Same day 20% establishment 4% monthly fee
Jacaranda Finance $4600 9-24 months Within 48 hours 20% establishment 4% monthly fee

Note that the above figures in the table are just estimations and can change at any time.

Advantages and Disadvantages of Loans for Unemployed


· Money in a Hurry

The chances are that you’re applying for an instant loan for unemployed individuals because you don’t have much time to wait around for the cash. Whatever you need the money for, our chosen panel of lenders understand the urgency. Because of this, loans are typically paid out on the same day they’re applied for, meaning you get the cash you need when you need it. Need cash in a hurry? No problem – apply for an unemployed loan at Pronto Paydays!

· No Red Tape

Some financial institutions make unemployed loans and similar instant cash loans some sort of red tape challenge. There’s paperwork to do, hundreds of questions to answer, and your background is thoroughly delved into.  At Pronto Paydays, we work with lenders who understand you don’t need an interrogation and piles of admin when applying for a loan – you need understanding and quick outcomes. When applying for a fast unemployed loan with, the entire application process is done online within a few minutes – it’s as easy as that.

· Small Loans with No Interest

Interest can be a hack. Just when you need financial assistance, suddenly you’re bogged down with piles of interest to pay. But that’s not the case when you get an unemployed loan through Pronto Paydays! Our small unemployed loans of $2,000 and below come with 0% interest charged. Instead, the lenders we work with only start setting interest on higher loan amounts! Now that’s a saving!


· Expensive

With all good things come disadvantages and the most significant disadvantage of loans for unemployed individuals is that they’re not cheap. But, that said, they are affordable and often provide the lifebuoy required when no other lending institutions will take a chance on you.

Eligibility Criteria for Unemployed Loans in Australia

Ready to apply for an unemployed loan at You’re welcome to apply if you meet these requirements.

  • No less than 18 years old
  • Australian citizen (or permanent registered resident)
  • Australian home address (where you have lived for more than three months)
  • Proof of earnings – $350 per week is the acceptable norm
  • Evidence that less than 50% of your income comes from benefits
  • Contact details (lenders need to reach their clients easily)

How to Apply for an Instant Loan for Unemployed Individuals

Apply for an unemployed loan has never been easier. Here’s what to do:

Step 1: Calculate What You Need

It’s tempting to apply for the maximum amount you can get, but you shouldn’t. Instead, spend some time calculating what expenses you need to cover and, of course, what you can genuinely afford to pay back in instalments each month. Then, come to a total to loan. We strongly recommend that unemployed individuals opt for smaller loans. Our short term loans of $200 to $2,000 that come with 0% interest are a good choice.

Step 2: Get Your Paperwork in Order

Yes, there is some paperwork but not much. You will need these documents so that the lender can verify your information. Have them handy when applying to avoid delays.

  • Identification
  • Banking details
  • Proof of address
  • Payslips
  • Bank statements

Step 3: Spend Five Minutes Completing the Application Form

If you’ve got five minutes to spare, you have plenty of time to complete the Pronto Paydays online application form. 

  • Click on “Get Loan.”
  • Enter your requested loan amount followed by your personal particulars, financial information, and banking details.
  • Read the provided privacy policy and terms and conditions, and then submit the form.

Step 4: We’ll Send You Direct to Your Lender

Once you submit the application form, we’ll take just a few minutes to direct you to the site of a lender who accepts your loan request and can make you an offer. Of course, there’s no obligation to take the loan offer presented – it’s entirely up to you!

If none of the lenders on our panel accept your request, we’ll make sure to send you a message promptly so that you can make alternative financial arrangements.

Step 5: Finalise the Deal

The loan payment cannot go ahead until the loan agreement has been signed. In most instances, the lender will reach out to discuss matters of the loan with the borrower. Make sure you are available to take their call and provide any further documentation and information required to spur the process.  Once all details are in place, you will receive a loan agreement via email. This must be thoroughly read, as the terms, conditions, and repayment schedule directly impact your financial situation. Once you’re happy, sign the loan and return it to the lender.

That’s it!

Step 6: Cash in Your Account in 60 Minutes

Unless you’re applying after business hours, on the weekend, or on a holiday, you should get the cash paid into your account within just one hour. There are instances where payouts can take up to 24 hours, but that’s quite rare.


How Big Are the Loans at Pronto Paydays?

At, we offer loans of $200 to $10,000.

Can I Borrow Money if I am Unemployed?

Unemployment can cause your finances to take quite a knock. In these instances, a personal loan can seem like a good option to make ends meet. Unemployed loans are possible in Australia, but you will need to prove that you have an alternative form of income, and the lender may check your credit history to see how you handle your finances.

What Are the Repayment Terms on Unemployed Loans?

Generally speaking, the repayment terms depend on the loan amount borrowed and what the borrower can afford. Most of the short term unemployed loans at Pronto Paydays are from $200 to $2,000 and get paid back over 7 to 30 days. However, we also work with larger loans of up to $10,000 that are paid back over up to 24 months.

If I Don’t Have a Job, How Can I Prove Affordability of the Loan?

If you don’t have a job and possibly have a low credit score, you can still get a loan. You don’t need a job or payslips to prove affordability. You can prove income in the form of disability benefits, Centrelink payments, rental income, stocks and bonds, dividends, and other statements showing how much you are receiving each month.

What Will Increase My Chances of Getting an Unemployed Loan?

There are several ways you can improve your chances of being approved for an unemployed loan as follows:

  • Clean up your credit score/history
  • Request a small and affordable amount
  • Offer some form of collateral
  • Have a co-signatory/guarantor
  • Reduce your monthly expenses (this will help with the affordability analysis)