Self-employed people also often need money if they have to pay their bills or want to make larger purchases. An online loan for the self-employed is becoming increasingly common, because this group of people also wants to get a loan quickly and inexpensively.
The online loan offers are often only aimed at employees, because the self-employed have an increased risk of default due to their profession. However, the self-employed can take out an online loan for the self-employed if they search extensively.
Direct banks recognize the potential of the self-employed
More and more direct banks have adjusted to the group of self-employed and are ready to issue an online loan for the self-employed. If the business is going well, the self-employed often earn even more than employees and handle their finances conscientiously.
The self-employed person has to submit more documents than an employee, but this also gives him the opportunity to obtain an online loan for the self-employed. If you need the loan for private and not for business purposes, you will receive a normal loan, just as employees do.
What documents are required?
It is not enough for self-employed people to provide the latest bank statements and proof of salary. They must be able to prove that their company has existed for at least two years. With this, the bank secures itself and knows that the company is so successful to survive. In addition, a business planning calculation is required. Credit bureau is also checked for entries for a loan for the self-employed.
No further loans should be entered here, because then it will be difficult to apply for another one. If the loan is required for private purposes, the planning calculation can be dispensed with. The documents are then requested here, just like an employee. The loan can then really only be used for private use, so that the bank will often ask about the purpose.
The self-employed no longer have to pay
If you pay attention and compare offers with each other, you won’t have to pay more for your online loan for self-employed than an employee. Direct banks often waive the processing fees, so that around two percent of the total costs are already eliminated. In addition, many direct banks lure with an attractive offer that shows low interest rates. Furthermore, the conditions are not as bad as many think. Even the self-employed can enjoy excellent conditions. The better the credit rating, the better the loan offer.