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Loan Without a Guarantor for the Unemployed

Loan Without a Guarantor for the Unemployed

Loan Without a Guarantor for the Unemployed
Loan Without a Guarantor for the Unemployed

Are you unemployed and in need of a loan without a guarantor for the unemployed? How do you start your search and inquiry, and where do you begin? There are many questions in your mind.

 

Whether you have been laid off from your job, or you haven’t found a job yet and need to borrow an amount from a bank, you should inquire whether this is a good step or not.

 

From another perspective, before taking this step, can you repay all the monthly installments that will be due?

 

Certainly, loans are important for citizens of the Kingdom of Saudi Arabia, including me and you. I have gone through the same experience as you and suffered a lot before I could borrow without a guarantor, and here I am talking about my experience to help you with valuable information I have.

Certainly, there are conditions for each bank you deal with for a loan without a guarantor. I will list them for you in this article. It’s worth mentioning that not all banks and institutions offer this loan without a guarantor. There are specific entities that we will talk about in the article to help you learn more about loans without guarantors for the unemployed.

Keywords in the article:

  • Loan without a guarantor for the unemployed.
  • Can an unemployed person take a loan without a guarantor?
  • Does Al Rajhi Bank give loans to the unemployed?
  • Loans for the unemployed without a guarantor at the Social Lending Bank.
  • Loans for the unemployed without a guarantor at the National Bank.

Read more: Same-Day Quick Loan

Can an unemployed person take a loan without a guarantor?

Can an unemployed person take a loan without a guarantor?
Can an unemployed person take a loan without a guarantor?

The question posed by people who haven’t found a job yet is, can an unemployed person take a loan without a guarantor? Certainly, it is possible to get a loan without a guarantor for the unemployed, but it’s not as easy as you might expect. Big banks do not give loans to someone who is not employed, and in my opinion, it is right that there should be a study and conditions for this matter. Some institutions set specific criteria to ensure your ability to repay the loan and try to study your situation to see if you are qualified to get a loan or not.

Let me speak based on my experience and the questions I faced:

  1. Do you own a house?
  2. Do you receive a retirement pension, for example?
  3. Do you have some savings?
  4. Do you receive some benefits from the government?

All the above play a big role in prioritizing the availability of loans for unemployed people. These institutions have the right to be cautious about whether you can repay the loan installments while you don’t have a job or a monthly income. Naturally, you will face most of these questions from banks and institutions when thinking about getting a loan without a guarantor for the unemployed. And, the loan you are eligible to get as an unemployed person is not comparable to that of employed individuals, keep that in mind.

Read more: A Lawyer Specialized in Establishing Companies in Dubai

 

Does Al Rajhi Bank give loans to the unemployed?

Does Al Rajhi Bank give loans to the unemployed?
Does Al Rajhi Bank give loans to the unemployed?

It’s your natural right to wonder if does Al Rajhi Bank gives loans to the unemployed. Let me tell you, as a citizen like you, but the difference between me and you is that I have gone through this stage and got a loan without a guarantor for the unemployed. It might be helpful to confirm that Al Rajhi Bank is one of the most important banks in Saudi Arabia, and it is one of the banks that I recommend you to borrow from. This does not mean that there are no conditions set by the bank. Certainly, there are conditions imposed on you to be able to get a loan from Al Rajhi Bank, and they are:

  • Age requirement: The age of the applicant should be between 18 and 60 years old.
  • Nationality: It is important to emphasize that you should have Saudi nationality.
  • Proofs: The existence of photos or copies of documents that prove the validity of the above.
  • The presence of the applicant in person: The loan applicant must be personally present and sign the papers and documents.

Based on what has been mentioned, if you are eligible to get a loan without a guarantor for the unemployed from Al Rajhi Bank, do not hesitate at all, as the bank sets a repayment period of up to five years to ensure the repayment of the loan.

Read more: Applying for an Online Personal Loan

Loans for the Unemployed Without a Guarantor at the Social Lending Bank

Loans for the Unemployed Without a Guarantor at the Social Lending Bank
Loans for the Unemployed Without a Guarantor at the Social Lending Bank

Although some major banks initially refused to grant me a loan without a guarantor for the unemployed, I turned to the loans for the unemployed without a guarantor at the Social Lending Bank. Let me give you the good news that the Social Lending Bank grants loans without a guarantor to the unemployed like us, who are looking for loans. This bank has facilitated many obstacles for young people to help them manage their affairs under these difficult conditions. In the same context, you will find that there are conditions, but they are not complicated. Based on my experience and what I have seen, I strongly advise you to apply for a loan at the Social Lending Bank. Although it sets conditions, they are not impossible, and you will find the application process and conditions easy, and you will get the loan in a short period.

Let me tell you the conditions first so that you can take them into account:

  1. The first condition is not to have borrowed another loan from another bank, as you will certainly not get this loan.
  2. The age condition exists in all banks, the applicant must be over 18 and not exceed 60 years.
  3. To prove your Saudi citizenship, you will be asked for proofs.
  4. The borrower must commit to repaying the loan within the repayment period.

How do I borrow a small amount?

In this context, the bank has set up an online website for application, and I assure you that it is much easier than going to the bank and waiting, so follow the application steps with me:

  • First, the application will be from this website.
  • You will not find difficulty as the user interface is easy. You will see the login phrase, and then you have to fill in your Unified National Access information.
  • Choose the loan you want, and fill in the form and data.
  • The site will certainly request confirmation of the data by uploading images of the documents, and it conducts a quick match and verifies the validity of the papers.
  • It won’t take long to determine if you are eligible for the loan.
  • Upon acceptance, the loan for the unemployed without a guarantor that you requested will be transferred to your bank account.

This is all you need to know about loans for the unemployed without a guarantor at the Social Lending Bank.

But some who do not have a job wonder if the National Bank gives loans to the unemployed? Let’s find out more in the following lines.

 

Read more: Corporate Lawyer in Dubai

 

Loans for the Unemployed Without a Guarantor at the National Bank

Loans for the Unemployed Without a Guarantor at the National Bank
Loans for the Unemployed Without a Guarantor at the National Bank

And undoubtedly, during my journey in searching, I also found that the loans for the unemployed without a guarantor at the National Bank are not bad. If you are asking if the National Bank grants loans without a guarantor to the unemployed? I answer you, yes, but there are conditions and an electronic platform for application. I have confirmed information about this matter, let me inform you about it. Therefore, you must take into account initially the conditions of the National Bank without a guarantor for the unemployed:

  1. The age condition here is different. The National Bank has determined that the applicant’s age should not be less than twenty-three years and not more than sixty.
  2. Although the applicant is currently unemployed, the National Bank imposes a condition that he must have previously worked in the public sector for three months, or the private sector for a full year.
  3. The existence of papers and documents proving the validity of the above.
  4. Commitment to the bank’s specified repayment period, which is five years only.

If you meet the conditions, do not hesitate to start the application process for the loan. I will guide you to the correct way, follow me in the following:

  • First, you have to enter the National Bank’s website here.
  • Request to log in, you need to fill in your first and last name and your Saudi national ID number.
  • There is a field for residents to enter the residency number, in addition to nationality.
  • Finally, you have to write your email address, with the necessary documents to prove the validity of your information.

Thus, you will have managed to get a loan for the unemployed without a guarantor through the National Bank.”

“Key words required that were the reason for your visit to this article:

  1. Loan without a guarantor for the unemployed.
  2. Can an unemployed person take a loan without a guarantor?
  3. Does Al Rajhi Bank give loans to the unemployed?
  4. Loans for the unemployed without a guarantor at the Social Lending Bank.
  5. Loans for the unemployed without a guarantor at the National Bank.

 

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And here we have reached the end of our article about loans without a guarantor for the unemployed. In this article, we learned about the most important banks that offer loans to all people who do not have a job or have been removed from their job for some reason.”

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