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Maybe, but have you tried getting a loan approved with no income?

• heavyheavy 4y ago
  Its a loan against yourself
  • CoffeeOnWrite 4y ago
    Banks still want to see evidence of your ability to pay it back.
    • loeg 4y ago
      401k “loans” are a misnomer. There’s no underwriting or leverage. It’s an unpenalized withdrawal with payback (as opposed to regular early withdrawals, which are penalized).
      • CoffeeOnWrite 4y ago
        As discussed upthread, 401k loans are not generally accessible to unemployed people.