Credit for the self-employed: application, tips & comparison
A loan for the self-employed is not easy to get for some entrepreneurs and freelancers. With our free and non-binding loan comparison, you will still find a cheap offer – even with only moderate or even poor creditworthiness. Who actually writes and advises here? About us
How to apply for a loan for the self-employed
You can apply for a loan for the self-employed in three easy steps. As soon as the bank has approved the application, the money will be transferred to the account you have specified. Incoming payments can then usually be recorded within 48 hours – often even earlier!
How to apply for a loan for the self-employed.
Step 1: compare offers
Use the free and non-binding online calculator to view current offers. Enter the desired loan amount, the contract term and, if necessary, a purpose. The credit comparison then shows the cheapest offers, staggered by eff. APR (ie after borrowing costs). The cheapest offer always comes first.
Please note that only generally valid offers can be displayed in the first step, since the credit institutions require personal information for individual offers. These are asked for in the second step.
tip Try different ways to find the cheapest offer. The credit market is always on the move, so there can be particularly favorable conditions for a loan with a higher or a lower loan amount. The background: When banks offer special offers, these often only apply to certain loan amounts and specific terms.
Step 2: select offer
In a second step, provide your personal information and decide on a specific offer. You will then be shown suitable alternatives to your selected offers. In addition, a credit specialist will contact you by phone to discuss the necessary documents and, if necessary, indicate an even cheaper offer.
Step 3: Submit documents
In the third step, submit the signed documents and confirm with z. B. the nearest post office your information and your identity. The bank then checks your documents and approves the loan for the self-employed if everything is OK. The payment will then be initiated immediately so that the money is usually in your account within the next 48 hours.
Loan for self-employed without credit score
The search for “Loans for self-employed people without credit score” is one of the most common in the commercial finance sector, since the lending banks attach great importance to creditworthiness. And for many self-employed and companies, this is only moderate to poor – even though the order books are full. The background: Incoming payments are irregular, either because orders have not yet been completed or because customers have poor payment behavior.
Anyone who has a bank account and / or is otherwise involved in electronic payment transactions cannot avoid credit score. The credit agency collects a large amount of data so that banks and companies can be informed about the creditworthiness of individual consumers and commercial customers. Creditworthiness also includes the will to meet one’s own payment obligations (ie the payment behavior).
Loan for the self-employed from the state
Loans for the self-employed are given either directly or indirectly. In addition to cheap loans, various grants are also granted under certain conditions. There are now also funding programs for private individuals, for example for property owners who want to equip their property with energy-efficient technology.
That is why the banks look so closely
For lending banks, the approval of loans (including loans for the self-employed or corporate loans) is initially about bare figures. The banks want to find out how likely the borrower is to repay the borrowed money (keyword: credit default risk). It is not just about the skill , but also about the willingness of the borrower.
If possible, care is taken to ensure that the monthly incoming payments match the requested loan amount. A loan amount of e.g. B. 5,000 dollars should be granted without any problems if a monthly surplus of several hundred dollars is expected.
When it comes to wanting, banks largely rely on information from credit score, which has documented payment behavior in the past. The credit score gathers various information and uses it to create a single value: the credit score Score. This score is the decision-making basis for the banks.
How to increase the probability of acceptance?
The credit score Score, which is an important decision criterion for banks, is made up of various factors, some of which can be influenced by the borrower. credit score largely keeps to itself what factors are important. However, it can be assumed that all indications that indicate a more relaxed connection to financial matters worsen the score.