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A self-employed individual may not have a smooth business journey as much competition is going in the marketplace. Still, he will have a smooth loan journey as bespoke offers on self employed loans in the UK are available on affordable norms.
Lenders are ready with their loan deals depending upon the documents and income proof of the borrowers. Proper submission of all the required documents led the way to almost guaranteed loan approval.
Despite being a responsible direct lender, we still suggest you compare the rates before finalising a deal. The comparison you can do in terms of direct lenders and government self-employed grants or business bounce back loans. However, you will find our rates are more competitive than any other lending agency.
“Self employed loans are available for those individuals who are doing their own business, work and earning their own salary. These people are considered the sole business owner.”
There has been a myth that self-employed people have to face difficulties in getting loan approval. It is primarily due to the absence of time-bound income. At Loanorganisation, we have busted that myth and allow every self-employed person to avail of our loans without any hassle.
As the direct loan provider in the UK, our primary aim is always to ensure self employed loans on the fast payout. We have a streamlined and unproblematic loan application procedure based on internet technology.
Indeed, you want loans with more benefits so that you can make full use of the borrowed sum. We take care of your aspirations and bring loans on multiple benefits. These are mentioned below.
When we look at the overall scenario of the UK marketplace, the interest rate on loans for self employed depends upon the lender to lender. Besides, it also depends upon your financial profile and the deal that you are choosing.
First, you need to fulfil the eligibility criteria before providing the loan at an affordable interest rate. If your profile suits the lender’s norms and keeps good communication with the lender, you can have an acceptable rate.
Other factors that determine the rates on self employed grants:
Lenders may be interested to know which type of business you are running. Usually, manufacturing businesses get better rates as compare to the others.
How many annual income taxes returns you are getting?It also determines the loan rates; large companies often get lower interest rates.
Many lenders prefer doctors,Engineers, chartered accountants, architects and many such professionals to grant loans on affordable rates.
At Loanorganisation, the most significant thing is that we welcome borrowers from every self-employed business. We offer only competitive interest rates that are flexible yet feasible to pay alongside the principal amount.
With us, there is always a possibility of getting personal loans for self employed with no income proof. Indeed, you will be surprised to know this, but this is a reality.
In most times, offering income proof is mandatory to avail of the loan. In some circumstances, loan approval can also be there for self-employed people even if they are unable to submit their income proofs.
Here are the few ways that make it possible:-
Applying for Secured Loans
Perhaps, the best way to apply for loans with no income proof is to go for secured loans. For this, you will submit the valuable collateral that can be your car, home or any asset. We have an assurance of loan repayment with this option.
Recent Financial Performance
With having no genuine income proof, you can still get the approval of your recent financial performance is good. We will be pleased to find that you have paid your credit card bills, utility bills or any previous loan payment on time.
Asking for Smaller Amount
Another trick to get approval despite no income proof is to apply for a smaller amount. You can do this during a financial emergency, or you only have to fill a small funding gap while purchasing something.
We try hard to bring an assured loan approval for you. Therefore, we expect that you maintain good communication with us throughout the life of the loan. We want to ensure a win-win situation for both of us.
Your bad credit history always niggle your loan approval chances. You may not be eligible to avail of the loans on lower interest rates or desired amounts.
Loans for self employed with bad credit are quite possible with us. We have already been a responsible direct lender in the UK to provide bad credit loans. You have the chance of availing of both secured and unsecured loans despite a lower credit profile.
In the scenario where other lenders hesitate to approve bad credit applications, we provide full support to them. We offer loans on 3 utmost benefits:-
No Credit Check for Smooth Approval
In some circumstances, we give the valuable benefit of no credit check to self-employed individuals with a bad credit score. We do this when your current performance in paying all bills is excellent. If somehow we have to do credit perusal, we do only the soft credit check. It also maintains the possibility of loan approval and does not leave any search footprints on your credit profile.
Flexible Repayments for Credit Score Improvement
We offer flexible repayments like bi-monthly, monthly and quarterly loan repayments. We give you the freedom to choose any one of these repayment modes according to your income capacity as self-employed. It will help in paying all monthly instalments on time and result in much-needed credit score improvement. You can take the free help of our loan experts, who guide you on the credit score enhancement.
Adequate Amount for Debt Consolidation
People with poor credit scores often have the problem of multiple debts. They do not have enough income from their self-employment to pay out each debt. We give them an ideal solution in the form of debt consolidation loans. They can apply for these loans to merge all their debts into a single loan with a single interest rate to pay. It helps them in quickly eliminating debts and restarts their financial life.
These benefits prove that loans for self-employed with poor credit from direct lenders like Loanorganisation are wise decisions. Apply now and get these benefits in your favour.
We lead the way of approving your loan application from all the possibilities. It means we still consider the applications on self employed loans with no guarantor. In most circumstances, we need a guarantor, but sometimes we do not mandate to have a guarantor.
Generally, it happens in two situations:-
You are our prequalified borrower and have all the options to apply for emergency loans for self employed. You have the choice of filling the application in multiple modes but remain online.
The various processes through which you can apply for our loans are:-
Online Application through PC or Laptop: Open up your laptop or tab to visit our website and fill out a single page application form. You only need to provide personal information that is safe and secure with us.
Request for Doorstep Service: You can also request a cash-at-the-door service to have a loan. However, it will apply only on the smaller amount but have the maximum chances of loan approval, as everything is done at your home and in front of you.
Apply through Text Message: If you are outside, like attending a meeting to have a new project or any other purpose, but need money urgently, you can apply by sending us a text message. We quickly contact you to have the further formalities.
See below the eligibility criteria to have self employed loans:-
Loanorganisation brings an ideal opportunity to grow your self-employed business to the next level. We fund for your current needs, and we fund for your future growth. Apply for self employed loans now.
Not at all! The instant response from our end will not affect your credit score. We are already providing you loans with no credit check or soft credit perusal. Therefore, your credit score does not have any threat.
We can consider you as self-employed, but the loans will be available according to your repayment capacity. You may also not get a higher amount, but a small amount is for sure. We suggest you borrow according to your freelance income.
If the holidays are for business purposes, then yes, you can get self-employed loans. However, you opt for our other loan options like unsecured loans and personal loans for family holidays.
Yes, self employed loans for the mortgage are available if:-
We give you multiple reasons to choose us if you want self employed loans from direct lenders only:-