Emergency never considers your financial condition before popping up. It is not surprising that when you are running out of money an important expense appears out of the blue. Of course, you will apply for an unemployed loan that requires neither collateral nor guarantor provided you need a small amount of money.
However, if you need a large amount of money, you will have to arrange a guarantor with a good credit history. Therefore, it is called guaranteed loans for unemployed. The guarantor reduces the risk of the lender, hence they sign off on your application. However, it does not mean that your repayment capacity does not matter. The amount will be disbursed after evaluating your income statement. The presence of the guarantor will help you have the loan at lower interest rates.