Not all people without a job are unemployed. Especially in partnerships, the non-professional activity of a person is often the desired and agreed way of life. Even poor health can be a reason for not doing a job temporarily or permanently. Ultimately, students or adults are potential borrowers without a job. Anyone who lives solely from taking in rent does not generally have any professional activity.
If the job is not missing due to unemployment
It is easiest for property owners to take out a loan without a job in the narrower sense, since they offer the respective apartments as security and can burden them with a mortgage. In addition, most banks recognize rental income as income as part of a household review, so that homeowners in most cases receive the desired loan.
It is best for non-working partners to apply for a loan together with the working part of their community, but to a small extent spouses are considered by some banks to be fundamentally creditworthy due to the legal regulations for supporting the partner. Students can take out a loan through bank and some private banks without a job, as the future income to be expected serves as credit security. The special student loans also have the advantage that their repayment only begins after completing their studies.
In emergency situations and in the semester, some universities also help with interest-free lending. Anyone who holds a share package or has a non-state-sponsored pension insurance can use it as credit security. Loaning is almost always more economical than selling it at high losses in life insurance, while loaning stocks seems advisable, especially in the event of temporary financial constraints.
Loans during unemployment
If you want to take out a loan and are out of a job despite your willingness to work and your ability to work, make sure that the loan rates are sufficiently low. These can be achieved by opting for a long credit period. At the same time, the lowest possible interest rates are required so that the unemployed borrower does not pay more borrowing costs than is inevitable. Placement platforms for lending by private individuals are a good source of borrowing during unemployment, especially since most lending there is based on social criteria.
The cheapest way to take out a loan without a job can be done via the employment agency or the job center. The prerequisite is usually the receipt of unemployment benefit II, in exceptional cases and especially for new employment, recipients of bank I can also get a loan from the office. Furthermore, the loan from the office presupposes that it is needed for an urgently needed purchase or for reintegration into the professional life.