Guwahati, May 9 -- Definitely, it is a challenge for unemployed persons to qualify for unsecured loans. The reason is they cannot demonstrate their steady income capacity. Still, you can obtain a personal loan at a lower interest rate. It is essential to prioritise meticulous planning and take the right path.

Meeting the eligibility requirements of a lender is of utmost importance for a loan applicant. You get quick access to funds after the approval of your application. When financial emergencies arise, resorting to securing personal loans is prudent.

Keep reading to learn about the typical challenges for unemployed applicants and the strategies they can use.

Usually, an applicant's income and work history are assessed by lenders to d...