Getting a loan if you are unemployed is problematic at best. The way that lenders review loan applications involves reviewing the credit-worthiness of the individual or entity applying for the loan and the ability of that person to pay back the loan. Being unemployed presents a huge challenge to overcome with traditional lenders. This problem is compounded with the unemployed because there is no income against which to secure future payments.
Loans for unemployed individuals are very difficult to come by with the traditional lenders. Of course, there are some factors that may influence whether or not you may be able to get a loan including what collateral you have to put up against the loan and also the loan amount itself. There are other financial vehicles that you can utilize that may have a less likely look into your individual status as employed vs. not employed.
If you are an entrepreneur and using these funds to start a business, there is an opportunity to present yourself to a bank with a solid business plan which may produce the funds you need to succeed with a business. That said, there is some difficult with pulling money out of the business at an early stage to live off of. However, if your business plan and product / idea is compelling enough, this possibility may work for you.
There may be some options for you with family or friends. Although I thought it worth mentioning, if I value the relationship (which I do with my family and friends), I NEVER use this and never would. I have loaned out money personally to friends before and have what used to be a good friend that I now want nothing to do with even though he only owes me $700. His friendship would have been worth at least that much 
My point being that I would rather have just given him the money with no expectation of a return on this at all. Anyway, it’s done, but serves as a constant reminder to not tap into the family / friend thing at least as far as lending.
So, are there loans unemployed individuals can get? The answer usually depends on what type of collateral there is against the loan. A home equity line of credit may be an option and was pursued very aggressively by banks a few years back before the credit meltdown. This option would have been solid against the home even though a lack of repayment against the bank may have cost you your home, but even then, the home equity line of credit takes second place behind the primary lender and still serves as some risk.
For you, now, in this situation, looking for personal loans unemployed people may be able to get, there’s a good likelihood you don’t have enough equity in your home and even if you did, may be difficult to find a lender willing to go that route. Banks still want money and at least you have that going for you, but as it is truly risk vs. reward, you would need to present to the bank that you are going to give more reward than you will represent risk…. tough to do as someone who is without a job currently.
You may be able to put up something of collateral to obtain cash loans for unemployed individuals. If this is the case, and you end up defaulting on the loan, you’ll lose your collateral.
Although not necessarily exactly what you were looking for, there may be some options you have not yet considered. First step is to evaluate what you need the money for. I can see needing funds to make sure all your basic needs are met and if you have family, of course that their needs are met as well. If this is being done, look at what you need the funds for… If you are at all looking for funds for anything but necessities as someone who is currently unemployed, unless you’re starting a business with a solid plan a bank will sign off on, you may reconsider “needing” this money.
There are some options depending on what type of skills you have that may help you to achieve your financial goals without a “job”. If you aren’t actively looking right now, consider what options may exist even if they are jobs that may be “beneath” you. If you are a skilled professional, may be difficult getting a job at the local McD’s, but difficult times call for extreme choices. Use your down time to get some passive income or additional training to improve your skillset to work towards a new, and better job.
I know it’s tough and I believe I can understand as someone who’s skipped payments on my own home what it may be like. Research some providers of these types of loans out there to see what options you may have. Working directly with a rep from the bank may open your eyes to some other opportunities you didn’t know existed.
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