Loans for the Unemployed

Getting approved for a loan when you’re not earning a full-time income can be difficult, but it’s not impossible. If your regular income has dropped significantly and you’re relying on a combination of earned wages and welfare benefits, you may still qualify for a small cash loan with Sunshine Loans.

For your application to get approved, you must be earning a minimum of $300 per week (in take home pay). While this income can be a combination of wages and government benefits, it cannot come from Centrelink or government benefits alone.

This means that, depending on your circumstances, you may still be able to borrow money even if you’re only earning a very small amount of income. Whether your hours have been cut at work or you’re self-employed and business has suddenly dried up, we understand that having an insecure source of income can be highly stressful. If you’re worried about money, taking out a small cash loan could help tide you over until your next paycheque or welfare payment arrives.

If you’re not sure which loan best suits your situation, learn more about the different types of instant cash loans for unemployed and partially employed applicants we provide.

Same Day Loans for Unemployed Applicants

Looking for a way to borrow money fast while unemployed or partially employed? If you need to access a small amount of cash quickly, we may be able to get your loan approved on the same day you submit your application.

Our easy online application takes the hassle out of applying for small loans online, allowing us to offer same-day turnarounds. All you need to do is apply and sign online, and if your loan is approved during normal business hours, you’ll receive the funds in your bank account the same day!

Please note: conditions apply to same-day loans. You can learn more here.

Pay Day Loans for Unemployed Applicants

A payday loan is a small personal loan. It’s called a payday loan because the amount that’s been borrowed is designed to be paid back when the borrower receives their next paycheque (although the loan doesn’t have to be paid back all at once and may be repaid over a period of several weeks or months).

Weekend Loans for Unemployed Applicants

Like payday loans, weekend loans are short-term personal loans designed to cover a variety of expenses. They’re typically available in amounts ranging from $150 to $2,000 and have short repayment periods. Sunshine Loans can approve weekend loans to unemployed applicants if all the necessary criteria have been met.

Responsible Lender Regulations

As a responsible lender, Sunshine Loans must ensure all our loan applicants have the capacity to meet their repayments. However, we understand the difficulties involved with getting approved for a loan while you’re not earning a regular income. This is why we’re willing to lend to people who may not qualify for loans from other financial institutions.

If you have any questions about borrowing money while unemployed, please contact our friendly team today.