Are you without a job right now? Do you have a financial requirement at present? Are you thinking of taking a loan but not sure, whether any lender is willing to sanction a loan to you or not? You would realize that your worry is baseless. Indeed, you can locate a lender who is willing not only to give you a loan but also is ready to wait for repayment until you get a job. For this purpose, lenders have introduced the loans for the unemployed scheme, which helps you in getting a loan without revealing the purpose for which you are borrowing.
Ideally, the scheme offers unlimited funds as loan. However, in practice lender will consider your ability to repay the loan without any problem and your monthly income before deciding on your loan amount. The lender will wait until such time you get a job before the loan recovery process starts.
