That said, there are requirements to be met for low income loans even by their seemingly relaxed criteria, and if you worry your monthly earnings of $700 will get you approved or not, you can search for online loans with lesser minimum income threshold.
It is better to find these online lenders with no upfront fees as from what is commonly stated on the websites of urgent short term loan providers, a common requirement is that the borrower will need to earn a minimum of 1.5k monthly to be eligible.
These private lending companies are probably worried that unemployment loans for people with poor credit history will likely result in a higher default rate and therefore implemented such a ruling to safeguard their business interests. That said, we have come across people who have been able to borrow low income loans online. Although we do not know if they have had to accept stricter repayments terms or having to pay more rate in return for a $1500 loan with no hidden costs.
The varying requirements by different lending firms for people with low income mean that you should not be discouraged when one financing company deny you. There might be other online approval lending companies who can give unsecured loans to people with bad credit history, or even short duration loans for the unemployed.
Other than that, you can always privately negotiate for a temporary one day signature cash advance by putting down collateral - valuables such as a gold ring or necklace. Lenders do not turn away your request for a no employment loan for no reason, on the contrary, they need more people to borrow money from them. What matters is whether you can convince them of the ability to repay your loan fully on time. Drastic times require you to be creative and if you need to borrow money fast with a low income, sometimes you need to approach it in a unorthodox way.
