get loan before starting job

How Do I Get A Loan Before Starting A Job?

Getting a loan before starting job can be a difficult task. Most loan types require some form of employment or a perfect credit score. If you have neither, you might feel out of options, but there is hope.

In this article, you will learn how to get a loan before starting a job and more.

Tips On How To Get a Loan Before Starting A Job

If you need to get a loan before starting a job, you have a couple of options to try out. You can consider providing your job letter offer as proof of employment, consider non-employed forms of income, wait until your first paycheck, or consider other loan types entirely.

Let’s take a closer look at each one of these options.

1. Provide Job Letter Offer as Proof of Employment

Whenever you are applying for loans, most lenders will require you to have your most recent pay stub and your bank statement for the last month. If you don’t have a job yet but you are about to start a job, many lenders will allow you to prove your employment by providing your job letter offer.

The job letter offer proves in writing that you have a job, but you haven’t started it yet. Most all lenders require you to start the job within 90 days of the letter being used as documentation as proof of employment. Some lenders may require you to start sooner. Talk to your lender beforehand to see if a job letter offer will secure your loan.

2. Consider Your Non-Employed Forms of Income

The whole reason you need employment to apply for a loan is to ensure that you have the money to pay back the loan. Certain lenders will allow you to use non-employed forms of income instead of a traditional pay stub.

For example, you might be able to use a Social Security check, alimony, pension, or unemployment benefits as a non-employed form of income. You will need appropriate proof and documentation if you expect to use a non-employed form of income, and you should call the lender up beforehand to confirm that they accept these forms of income.

3. Wait Until Your First Paycheck

Another option you have is to simply wait until your first paycheck when you’ll be able to apply for a paycheck loan. Because most jobs pay every two weeks, you only have to wait a couple of weeks before you apply for one of these loans.

This might not be an option if you need your money immediately, but it is an option if you can wait a week or two to apply for your loan. That’s because paycheck advances normally only need one pay stub to get you approved.

paycheck to get a loan before starting a job

4. Consider Other Loan Types

If you have considered all other options and simply cannot find a way to apply for a loan without employment, you should consider other loan types that do not require employment. A title loan, for example, does not require any form of employment, but it does require a lien-free title in your name.

More About Payday Loans

Above, we mentioned payday loans are an option if you wait until your first paycheck. Although that is true, that is not the only time you can use a paycheck loan when you don’t yet have a job. Many Louisiana payday loan lenders, including Cash Cow, will also consider non-employed forms of income, as described above.

Who Are Paycheck Loans Right For?

Paycheck loans are an option for individuals that have or expect to have a steady form of income or job. More so, they are an option for those who are simply short on cash at that moment and need a little extra help to make it to the next payday.

If you have some form of employment or income, a government-issued ID, and a blank check from an active checking account in your name, you are eligible to apply for a paycheck loan. Even if you have a bad credit score or no credit at all, paycheck loans are an option.

With a paycheck loan, you can get anywhere from $100 to $300 from Cash Cow. You can get the money you need and as little as 30 minutes, allowing you to get your money as quickly and efficiently as possible.

man got paycheck loan cash

Get Your Paycheck Loan Today!

If you do not have a job, there are ways that you can apply for a loan before starting job. Although you can consider other loan types that do not require employment, you can apply for a paycheck loan by providing a job letter offer, considering non-employed forms of income, or simply waiting until your first paycheck.

If you can apply for a paycheck loan before starting job, simply fill out our inquiry form for payday loans in Louisiana to get started. Soon after you submit it, a representative will get in contact with you to walk you through the application process. We look forward to receiving your form so that we can get the process started.


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.