Little Loans makes it easier for unemployed individuals to search for loans from £100 up to £10,000, with flexible repayment options ranging from 3 to 60 months. Even if you’re not in traditional employment, as long as you have regular income like certain benefits, you can still check your eligibility through a hassle-free, soft search—meaning your credit score won’t be impacted just to see your options. Interest rates are representative at 79.5% APR and the platform is fully authorized and regulated.

How to Apply: Simple Steps

1. Fill out the simple online application, stating how much you want to borrow and your preferred term.
2. Undergo a quick soft credit check to match you with suitable lenders.
3. If matched, you’re redirected to the lender to finish the full application.
4. Your lender conducts a final review; if approved, funds will be sent, sometimes in minutes.

Pros of Little Loans for Unemployed

One great advantage is the soft search feature for initial eligibility checks, letting you explore options risk-free. This protects your credit score before you’re ready to commit.

Little Loans offers flexible borrowing amounts and repayment periods. You can apply for loans as low as £100 and up to £10,000, selecting terms that fit your budget.

Cons of Little Loans for Unemployed

Interest rates on these loans are high, at 79.5% APR representative, which could increase total repayment significantly over time. Always check affordability.

Not all unemployed applicants will qualify; proof of alternative regular income is required for consideration. Those with no income are unlikely to be approved.

Verdict

Little Loans is a handy option for those without a job but with steady income seeking financial support. The soft search tool gives peace of mind, and the process is quick and transparent. Still, only borrow what you can confidently repay due to high interest rates, and avoid multiple applications to protect your credit score.