Take out a loan as a self-employed person – Information and tips

Taking out a loan as a self-employed person is often required to finance the establishment of a business or PC, tablet or laptop. Taking out loans often proves to be particularly problematic for this customer group because banks doubt the creditworthiness of the customer. If you know the terms of the loan, you can easily get a loan. In addition, there are recommendable alternatives to traditional bank loans.

Take out a loan as a self-employed of banks

Take out a loan as a self-employed of banks

Credit institutions grant loans in the form of unsecured installment loans to self-employed clients only after a thorough examination of their economic and financial capacity. To this end, they usually require the submission of the income tax assessments of the last three years in order to get an idea of ​​the income of the self-employed person. Significant business and financial plans must also be presented. A business concept created by the self-employed with the help of the tax advisor makes a much more professional and convincing impression on banks. The contribution of own funds as start-up capital increases the chances of success for a positive loan commitment. Banks also seek information from the Schufa. If the inquiry indicates that a negative entry exists, a rejection of the credit request is usually made. Tip: Take care with credit without Schufa! Reputable credit providers usually work together with the Schufa.

Other ways of borrowing for self-employed

Other ways of borrowing for self-employed

Taking out a loan as a self-employed person is often easier in other ways. For example, banks have lower requirements for the granting of a car loan because the vehicle serves as collateral, thus reducing the risk of default. Taking out a loan as a self-employed person in this way requires that the vehicle letter be left to the bank. Equally, stocks, bonds and similar securities can be deposited as collateral for a security loan.

A personal loan extended through an online referral portal is an excellent opportunity if you can not get a loan otherwise. Here customers can take out a loan as self-employed if they manage to persuade private investors of their business idea and solvency.

Especially in the initial phase of when banks refuse to lend,

Especially in the initial phase of when banks refuse to lend,

It is still possible to find private investors with an attractive business concept. In any case, it is advisable to be thoroughly informed about several alternative credits. A credit comparison provides valuable support. It presents favorable alternatives and presents comparison parameters, such as effective interest rates and maturities. In this way, customers can be sure that they take out a loan as a self-employed at optimal conditions.

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