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Complete Guide to Easy Loan for Unemployed in Philippines

Easy Loan for Unemployed Updated on August 2022

Pautang para sa walang trabaho? Mahirap talaga pag walang regular na trabaho.

Looking for a new job these days is quite tough and requires money. Whether you want to find a new regular job or a work-from-home job, there will always be a reason why limited cash can get in the way.

Most of the time, you will need to get an NBI clearance before applying to a company. You’ll also need cash for your transportation when going to interviews. If you decide to work as a freelancer at home, you will also need a stable internet connection and a laptop.

On the other hand, if you are a housewife of a seaman and your kids get sick, it will not be easy to find additional cash when your allotment is still two weeks away.

Thus, Filipinos definitely need an easy loan for unemployed individuals.

Complete Guide to Easy Loan for Unemployed in Philippines​


But the question is:

Is there an easy loan for unemployed?

Philippine Statistics Authority estimates the unemployment rate at 10 percent as of July 2020. 

Technically, the unemployed are all people 15 years old without work but currently looking for a job or available to work but choose not to look for a job yet for various reasons.

Who is considered unemployed?

Unemployed Filipinos may include:

  • College students want to work as part-time employees to earn money for allowance. Many working students from the provinces strive to make ends meet while aiming to graduate to ensure a better future.
  • Filipinos who recently resigned from their previous work and awaiting a call from an employer abroad to be an OFW.
  • Housewives decided to stay home to look after their children and care for them. They may have previous careers but put them aside to focus on their families.
  • Fresh graduates hunt for their first jobs to kick-start their careers but must accomplish various requirements. Many aspire to be professional practitioners, but licensure reviews and exams do not come cheap.
  • Workers who got laid off or whose contracts have ended must still feed their families while looking for a new job.

Though they are from different walks of life, they all do not have their own income source. This makes getting a loan more difficult during financial difficulties.  

Banks and traditional lenders will decline loan applications if you are not employed with permanent status.

Understandably, lenders mostly give people a monthly salary loan, which they can use to pay their debt on time.

Luckily, times have changed. Online lenders now approve personal loans for unemployed like housewives, students, fresh graduates, and even senior citizens.

Even those who do not have a permanent job can now get a personal loan to pay for tuition fees, hospital bills, home repairs, maintenance medications, utility bills, job requirements, or housing rent.

Where can you find an easy loan for unemployed in the Philippines?

Saan nga ba pwede mangutang?

Where I can borrow money with no job? 

Understandably, lenders will require their borrowers to have a regular monthly salary. This ensured that the loan would be paid on time. But this does not mean there is no easy loan for unemployed. Still, they can be eligible for a cash loan.

Legit loans for unemployed with no bank account in the Philippines

According to the latest Bangko Sentral ng Pilipinas (BSP) survey, only 29 percent of the population have bank accounts.

This means 51.2 million Filipino adults do not have a bank account, and most admit they do not have enough money to open one. If you have no bank account yet and are unemployed, you can still borrow cash differently.

Family and Friends

Borrowing from family and friends is not new in our culture.  When we need emergency cash loans for unemployed, we go to our neighbors and relatives to borrow cash from them. Not surprising. If you consider, our culture has always been family-centered.

Notable Facts

  • This type of loan is usually not charged with any interest.
  • The cash is often readily available should your request be approved.
  • If you don’t pay your loan on time, it will risk your personal relationship with your lender. Additionally, the lender may urge you to tell other people about your unpaid loans. After all, this type of loan rarely has a signed contract that ensures confidentiality.
  • The loan may be as short as a week since you get a loan from someone who will eventually need the money soon.
  • The loan amount is highly limited to how much your friend or relative currently has.


Pawnshops have been around for decades. A lot of pawnshops also eventually became remittance centers. Also, you can find them on almost every street in major cities.

Notable Facts

  • You can instantly get cash even without a bank account. Once your valuable item has been appraised, the staff will immediately give you the money.
  • You can find a pawn shop almost anywhere.
  • Also, you can pawn your jewelry, smartphone, laptop, signature bags, and luxury watches.
  • The amount of money you can borrow is highly limited to your item’s appraised value.
  • The appraised value is way lower than your collateral market value.
  • If you failed to pay your loan on time, you would lose your pawned item. All unpaid items will be sold off.
  • Your item’s value will limit the amount you can borrow.

Emergency loans for unemployed

Even the unemployed Filipinos need easy cash loans for emergency needs and necessities. It is quite a relief to get extra cash when you need it the most.

SSS Unemployment Insurance

Tanggal sa trabaho?

Losing a job all of a sudden is a real pain. Nobody wants that, but we should accept that things are beyond human control. And Coronavirus is one of those. 

If you’re a family breadwinner, sustaining your daily needs would be your biggest struggle once you don’t have a regular job. Good thing there’s an SSS Unemployment Benefit or Insurance.

SSS unemployment insurance is not a loan. It is a cash benefit given to SSS members who suddenly got laid off or terminated. You would not be eligible if you resigned from work since this is only for those involuntarily separated from employment.

It would be best to have at least 36 months’ worth of contributions, and your last 12 months of contributions should have been remitted within 18 months before your involuntary unemployment. You must be an active SSS member to get this SSS unemployment benefit.

You can receive up to 50% of your average monthly salary but not more than P10,000. Also, you can get this benefit for two months, which could be enough to find a new job.

Notable Facts

  • There is no need to repay this SSS benefit. If you suddenly got laid off, this unemployment insurance will help you.
  • You can get this benefit for two months at no more than P10,000 a month.
  • The amount is minimal if you have a family to feed.
  • You will not be qualified if you resign from your company.

Online Allottee Loan

If not employed but get a regular monthly remittance from your spouse, children, or parents, you can apply for an OFW or Seafarer allottee loan.

Cash Mart offers easy loans with no job. It helps housewives, college students, and senior citizens get much-needed extra cash.

If you are an OFW allottee, you have to sign up on Cash Mart‘s website and upload the following requirements :

  • Valid Government Issued ID
  • OFW’s Passport
  • OFW’s Working Visa
  • Latest Proof of Billing
  • Proof of remittance (under allottee’s name) – at least 6 months latest remittance
  • Proof of relationship (birth certificate or marriage contract)

If you are a seafarer’s allottee, here are the requirements to upload.

  • Valid Government Issued ID
  • Seaman’s Passport
  • Seaman’s Book
  • 6 months latest Remittance Slip
  • Seafarer’s Overseas Employment Certificate (OEC)
  • Latest Proof of Billings
  • Proof of relationship (birth certificate or marriage contract)

Notable Facts

  • Cash Mart’s loan process is 100% online—no need to go to an office and waste your time in traffic. You can apply anytime, anywhere, with your smartphone.
  • This loan gives you extra cash when your OFW or Seafarer cannot send money yet.
  • Even though not employed, you can use your OFWs or Seafarer’s documents to get a loan quickly.
  • You can use an online loan calculator to know how much you can borrow, the payment terms, interest charges, and the payment dates. Also, it will help you plan your finances well.
  • Cash Mart’s allottee loans are quick and easy as long as you have the complete requirement.
  • This type of loan is only for an allottee. If your children, spouse, or parents work locally, you can still get a loan by introducing them to Cash Mart’s short term loans for unemployed.

Personal Loan

Another way to get an easy loan for unemployed is to ask your loved one to get a loan.

Your employed spouse, children, or parents can get a loan and receive the cash within the day.

All they need are the following:

  • Valid Government Issued ID
  • Company ID
  • Latest one-month payslip
  • The latest proof of billing

Notable Facts

  • Cash Mart‘s personal loan application is 100% online.
  • Cash will be disbursed within 1 hour the day you submit the complete documents.
  • You can easily use a loan calculator to determine which payment term lets you pay.
  • You can enjoy fixed low-interest rates and flexible payment options: weekly, bi-weekly, and monthly.

Easy loan for unemployed


Benefits of online cash loans for unemployed

Saan pwede umutang ng mabilis?

Gone are how you have to wait days to get your loan.

Thanks to ever-advancing technology! Filipinos can now apply for and get loans online. You must visit the website, sign up, provide the required documents, and have the money transferred to your bank account within the day.

Even if you are unemployed, you can still get a lot of benefits from cash loans, such as:

  • same-day loan approval,
  • flexible repayment terms, which can be weekly, every two weeks, or monthly,
  • secured transactions,
  • privacy of your loan account,
  • transparency with the help of a loan calculator,
  • competitive interest rates,
  • no guarantor, and
  • no collateral needed

Are you wondering how to get a money loan with no job? You can get the best financial assistance from a licensed moneylending company. It offers an easy loan for unemployed, so you’ll surely get the quick cash you need. But never forget your obligation to repay on time.