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Quick Loan For Unemployed

Last updated: April 11, 2024
Written by: Digido Financial Writers Team | Reviewed by: Anna Kireeva

Key takeaways:

  • A personal loan for unemployed is hard to obtain, but you can still get one.
  • This usually requires a collateral or guarantor.
  • Digido does not offer loans for the unemployed, but you can take a loan if you have a stable source of income, even unofficial.
How much money do you need?
10 000
min ₱ 1 000
max ₱ 10 000
You will have to return*: 10 000
All your data is under secure protection!
*Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval
Who can get a Digido loan?
You are 21-70 years old
You are a Filipino citizen
You have a valid government ID

Unemployment and underemployment are some of the most important problems of the Philippine economy. According to the Philippine Statistics Authority (PSA), the unemployment rate in the country is 6.4% as of February 2022, or equivalent to 3.13 million unemployed individuals aged 15 years old and above (1).  

Borrowing money while unemployed is a tough ordeal. It is rare to find a lender who would trust that you are able to pay if you have no source of income. If you ever find one, they can give you a loan, but the terms will be rather unfavorable to you. An example of this is when they hike up the interest. 

On some occasions, the lender will ask for collateral such as a car or a house and lot. If you default on your loan, the lender will seize the collateral as repayment for the loan.

So, how does someone who is unemployed and with no bank account get a loan here in the Philippines? Saan kaya pwedeng umutang nang mabilis kahit wala kang trabaho? May legit online pautang kaya na low interest? We will discuss everything you need to know about this type of loan today.

Get a loan for unemployed
  • Get your first loan with 0% interest Rate
  • In only 4 minutes you can Receive Up to PHP 25,000

Learn about an
Easy Cash loan Online Without Bank Account

Who are the Filipino Unemployed?

According to the PSA, these five economic sub-sectors saw the largest decrease in employment from January to February 2022: administrative and support service activities; manufacturing; financial and insurance activities; arts, entertainment, and recreation; and water supply, sewerage, waste management, and remediation activities.
If you happen to be unemployed, don’t worry: you still have options for loans even without a bank account here in the Philippines

Online Pautang for Unemployed

So where can you apply for an online pautang if you’re unemployed? Saan nga ba pwedeng umutang nang mabilis?

Alas, you might have a hard time applying for a loan from traditional financial institutions (banks, government agencies, etc.) if you are currently out of a job. These institutions will require you to have either a stable source of income (with proof such as ITR, payslips, etc.) or regular monthly cash contributions in order for you to get a loan.

Fortunately, there are some private and/or informal lenders that will consider your situation and grant you a loan even if you’re unemployed. Some online lending apps and informal lenders will allow unemployment loans with no job verification. There are loan apps with no interest that you can use.

So yes – may online pautang na legit na nagbibigay ng loan para sa walang trabaho!

However, you must keep in mind that these lenders can and may charge you with high interest rates and require you to submit a collateral if you are unemployed. This will serve as a guarantee to them that you will find a way to repay your loan. This can snowball into a larger problem if you keep on taking on loans just to repay any existing ones.

So to summarize, there are private and informal lenders that can grant you a quick loan even if you’re unemployed, but be warned of repercussions.

Can I Get a Loan for the Unemployed at Digido?

If you’re thinking about where you can borrow money ASAP, you can download the Digido app on your smartphone and get an instant cash loan within 1 hour!

Unfortunately, Digido cash loans are currently not available for those who are unemployed. What Digido can do is to give instant loans but only if you can prove that you have a steady source of income.

One great example is if you are a freelancer. As a freelancer, you are not technically employed, but you have a source of income that is steady.
But how much will Digido give you? It truly depends on the amount of your real income. It is going to be a small amount because of the risks associated with your financial status. Your loan amount will also depend on how much you are regularly earning.

Digido: An Accredited Provider of Financial Services in the Philippines

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In-Demand Jobs in the Philippines

You will need to specify the amount of your income in the loan application, even if it is unofficial.

  • Minimum loan amount – 10,500 PHP
  • Maximum loan amount – 25,000 PHP
  • Payment terms – 3 to 6 months
  • Interest rates – 11.9% per month

Here are the requirements to get started with:

– You should be 21 to 70 years old;
– You should be a Filipino citizen;
– You should provide your proof of identity.

With Digido, you have to submit these documents before they start assessing your application. A proof of identity is an ID issued by the government, and it must bear your name and photo.
Another advantage of applying for a loan with Digido is you get no interest on your first loan! This is perfect especially if you need an emergency cash loan for those who are employed or even unemployed. No need to lose sleep over paying the interest rate – just repay the principal amount on time and you’re good to go!

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 10,000 pesos in your bank account, and up to 25,000 pesos for repeat borrowers.
We don't require guarantors representation, documentation, or guarantee deposits.
We only require 1 government valid ID

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
Payment Terms 10 days
7 days
21 days
My Monthly Gross Income ₱ 20000
You return*: 10 000
All your data is under secure protection!
We recommend taking a loan!

* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

Do You Really Need a Loan for the Unemployed Philippines?

Yes, you do need this from time to time. If you are unemployed, you still need to pay your bills and other utilities to maintain your lifestyle.

Here are some reasons why loans for the unemployed in the Philippines are necessary for you:

  1. Bills – you need to pay your utilities and rent;
  2. School – if you are an adult and you are in college, you may need extra money for a project; it is also possible that you have children and you need money to pay for tuition;
  3. Emergencies – if your car or motorcycle breaks down, you may need a quick cash loans for unemployed Philippines.

A loan is also necessary while you are looking for a job. In some cases, you may have already found a job, but your new employer requires that you submit some documents before you can get started. Examples of these are NBI clearance (2) and a medical clearance. The medical clearance costs money, and you may need a urgent cash loan for unemployed to pay for it.

Alternative Loan Options for the Unemployed

So, if you are unemployed, where can you get a loan? However, there are no government loans for the unemployed Philippines. While banks may not approve you, there are other institutions that issue loans for the unemployed with no bank account in the Philippines.

Don’t worry, ito ang mga pwedeng hiraman ng pera kahit wala kang trabaho! Here are some examples:

Private lenders

These are private institutions built for the sole purpose of lending money. Many of these offer support for the unemployed, but they also ask for a high interest.

In many cases, private lenders may also ask you for a property as a collateral. In the Philippines, it can be your tricycle, jeepney, or any asset that has financial value. Most of the time, the amount of money you can loan is equal to or less than the assessed value of the property. Still, there are companies that do not require collateral, you just need to look for them carefully and compare the conditions to avoid getting on high interest rates.


  • You can be approved even if you are unemployed;
  • Varying loan amounts;
  • Several loan terms.


  • You may need collateral;
  • You need a co-borrower who will pay for your loan if you default on it;
  • There may be a high interest rate.

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A pawnshop (3) is one of the best places to get a loan with interest if you have valuable property to bail out. For as long as you have a collaterizable item, you can get money and get approved with no questions asked.


  • It’s easy to get a instant loans for unemployed with no bank account Philippines;
  • You can pay interest only month after month;
  • You can get an extension for your payment terms.


  • You cannot loan if you have no collateral;
  • In the Philippines, only jewelries are mostly accepted; it is rare that a company would accept expensive items like guitars or antiques;
  • Interest rates are quite high.

Also learn
How to Repay a Digido Loan with Dragonpay?

Borrowing from Friends and Family

One great source of urgent cash loans for unemployed is family members and friends. There is a culture of helping one another in times of need in the Philippines.


  • Easily available;
  • No documentation needed;
  • No interest rate to pay;
  • Pay only when able.


  • Can destroy relationships;
  • You cannot borrow a big amount.

The great thing about this is that families and friends will not ask for interest. They will also be around whenever you need them, and loan you money without asking for any requirements. But if they find themselves in a difficult situation, they will not wait patiently. You will need to repay the debt urgently, otherwise the relationship with your friends will be destroyed and your reputation will suffer. You can also apply for an SSS unemployment loan and benefit.

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SSS Unemployment Insurance

If you’re unemployed and a member of the SSS, then you can avail of its Unemployment Insurance or Involuntary Separation Benefit!

These unemployment benefits from SSS are cash benefits given to member-employees who have been involuntarily separated from their employment.

To qualify for SSS unemployment benefits, a member must not be 60 years old at the time of involuntary unemployment, and have paid at least 36 monthly contributions.

If qualified, the member will be granted an amount that is equivalent to twice the half of the member’s average monthly salary credit (AMSC). The benefit is granted thru a one-time payment, and the claim must be filed within a year from the date of involuntary separation.

A SSS member is not qualified for unemployment benefits if they were separated from their work due to the following reasons:

  • Serious misconduct
  • Wilful disobedience to lawful orders
  • Gross and habitual neglect of duties
  • Fraud
  • Commission of a crime or offense
  • Analogous cases such as abandonment, gross inefficiency, etc.

Online Allottee Loan

If you’re unemployed but receiving some sort of allotment or remittance from your OFW parents or relatives, you can apply for an OFW online allottee loan. An allottee loan is a non-collateral unsecured loan which grants quick cash to those who receive allotment from OFWs. An allottee loan is perfect especially if the remittance is late or comes in irregular intervals.
Cashmart is currently offering this type of loan to allottees of land-based and sea-based OFWs. To avail of the loan, the allottee must be at least 21 years old, a Filipino citizen, and can present documents supporting their relationship with the OFW and documents supporting the OFW’s employment.

How Can I Maximize My Chances of Approving a Loan?

For easy loans for the unemployed in the Philippines, there are some things you need to prepare to improve your approval rate.

  1. Collateral – a piece of item you exchange with cash; if you default on your loan, the lender will take possessions of this item.
  2. Employment history – a list of documents proving you had been employed before and have the capacity to work if you have to.
  3. Co-borrower – a person who is willing to pay your loan in case you default.


If you have these three, you have better chances of getting approved for cash loan for unemployed Philippines. If not, your best shot is to have a collateral, and this property must be under your name.

Urgent cash loans for unemployed

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  • 🟣 Is there any loan for unemployed?
    Yes, in some Philippine companies you can get a loan even if you are unemployed. However, the terms and conditions of such loans are different from those of working citizens. Such loans are less favorable and more difficult to obtain.
  • 🟣 How do I get a loan if unemployed?
    Apply for a loan with collateral or a guarantor who has a job. This will increase your chances.
  • 🟣 Can I get loan without income proof?
    Yes, some companies do not require proof of income with documents, such as Digido. But you have to have a stable income, even if it is unofficial.
Disclaimer and Editor’s note

Articles sources


Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.
Anna Kireeva
Author pages:
Anna is a marketing communications professional who specializes in digital marketing strategies and long-form content.

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