If you don’t have a job but there’s some kind of income (for example, rental), and you need a small amount of money, you can apply for small loan at MFI (microfinance institutions). 

Borrowing money in the bank when you don’t have a job is quite a difficult task. In this case, the probability of refusal is almost 99%, unless you have a deposit. But if you need a small amount that you plan to pay in a short time, then it makes no sense to contact the bank, and it is also problematic to leave a deposit.

Banks tend to give relatively big loans and don’t work with payday loans. If you need to borrow small sum of money for a short period of time MFI would be your best option. Even if you’re currently unemployed you can apply for an online loan and get it approved in just a couple of minutes. These organizations have minimum requirements for borrowers and don’t ask for income proof. They understand that quite a lot of their clients are not officially employed. They don’t want to lose clients, so they gladly approve such loan applications.

You can send approved online loan straight to your debit or credit card in less than 15 minutes. You don’t have to leave your house or gather any documents. You’ll only need a valid phone number, smartphone or computer with Internet access and an ID. You should be 18-65 years old and a citizen of Philippines.

MFIs usually offer lower interest rates, flexible payout options and high approval rate. You can pay out your loan in advance without any additional fees, which will help you cut down unnecessary expenses. It’s important to pay back any loans in time! Try not to borrow more money than you’re able to pay back later. Overdue loans can easily ruin your future credit history.

If you lose your job or remain unemployed for a long time you can still count on small online loans at MFIs. This applies to anyone with financial emergency and urgent need for money. You can use special offers, that often provide you with 0% interest rate on loans. You’ll easily find MFI with suitable options.