Because online payday loans do not require as much paperwork as a physical loan, are ideal for unemployed people. Normally a loan after the loss of a job must be applied for no longer than six months of that event, however in the case of online loans the period can be up to 12 months, but this period is unique to each station loans.
The normal process for a loan online is to submit a statement to check our income, yet not having a job the process changes a little, in this case it is necessary to have an object of value that can be as a guarantee to our loan, it can be anything from a TV to an automobile. It is important to note that online loans for unemployed can not climb the 3000 USD, while it is true that each station has its own limits, can give a loan no more than the amount mentioned above, due to various international regulations.
The average online loan approval is de24 to 48 hours, however in the case of online loans for unemployed, average approval time is from 4 to 7 days.
If the unemployment situation is prolonged more expected model can request a credit increase the station with which the loan was made, however this measure can use a single time, and it added to our initial loan can not exceed 3000 USD. One of the main things to consider is the timely payment of the loan fees, is that they do not allow access to credit increases and elongation of the quotas.