For a long time, self-employed were seen as reluctant credit partners. Today, the chances of online payday loans are much better. In many banks, the revenue situation of self-employed is better viewed in this time, so that the possibility of an online payday loan with instant confirmation is much more common.
Self-employed undergone credit check
In addition to the inquiry, the banks’ income, above all, is very important for the credit check. They require a steady and secure income. Self-employed people can often fall through the grid for these two reasons. Although they often have a fairly high income, the banks directly deduct the necessary expenses for insurance and also the reserves. The income often falls below the required rate.
Furthermore, the banks often see the self-employed as having the problem that income levels and also regularity are not given and therefore refuse to borrow. Often only payday loans could be paid, which were occupied with a high interest rate. The self-employed should therefore look around the specially marked payday loans for self-employed, which are being offered more and more frequently by the direct banks. Here, the condition is specially adapted to the circumstances of the self-employed. Favorable conditions are also to get.
Requirements for obtaining the online payday loan for the self-employed
Self-employed people who want to take out an online payday loan must allow the query. -free payday loans for the self-employed do not really exist. It goes without saying that the query must not lead to negative entries. In addition, every self-employed person must prove that he or she has been self-employed for some time. If you would like to start an online payday loan at the beginning of your self-employment, it will be difficult to find the right provider here. One year must at least always be proven, with other banks, it can even be three years.
For this time, the income tax return must prove the amount of the profit. The revenue alone is not enough, since many in the self-employment also have expenses that are the most secure to prove. For the amount of the profit, no general statement can be made. Each bank has its own requirements, how much money must be taken on average a month. However, it should be noted that the banks set flat-rate rates for reserves, health insurance, etc. that can not be individually influenced.
Self-employed that no payday loan
It is also true for self-employed that no payday loan should be taken up without credit comparison today. In addition to the cost savings, the comparison will also specify which banks even have online payday loans for the self-employed. So the tedious search for a provider can have an end.
For this purpose, it only needs to be named in comparison that the professional status is “self-employed”. In this aspect, the search results are very different, as compared to an employee. The terms of the banks, which also provide a self-employed payday loan, are adjusted accordingly, the usually higher interest rates can be seen directly.
On the other hand, it is precisely the offers that become apparent that offer self-employed special online payday loans. After the comparison, the request can then be made to the provider. As a rule, the immediate confirmation comes within a few minutes.