Self-employed people who need a loan of 83,000 USD for self-employed workers often have difficulty getting a cheap loan. The reason is to be found in the fluctuating income. Banks therefore have no medium or long-term plan security.
Nevertheless, there are more and more banks that specifically provide a loan for self-employed 83,000 USD. However, a credit comparison should be carried out beforehand.
Why are self-employed credit difficult?
The difficulty with a 83,000 USD loan for the self-employed is that the self-employed is not employed. While employees can use salary slips to prove their income, the self-employed cannot. His income fluctuates, the income varies.
This means that the bank has neither medium nor long-term planning security. Many self-employed people who have already applied for a loan know the difficulty to get a 83000 USD loan for self-employed. It is not just the unstable income that forces banks to hold back. Just think of a serious illness of the self-employed with subsequent disability.
Employees are caught up with the safety net of continued wage payments. The self-employed, however, have neither notice periods nor continued wages. They are actually dependent on financial cushions.
Find the 83000 USD loan for self-employed with a credit comparison
Banks have no payment security for a loan for the self-employed 83,000 USD. The self-employed person also notices this immediately, namely when their credit is rejected. But things are not quite so dramatic, because there are now banks that specifically provide a loan for the self-employed at 83,000 USD.
However, an increased borrowing rate must be expected, especially if a credit is approved depending on the credit rating.
Is there a difference between self-employed and freelance?
Generally there is no difference. But banks separate independently and freelance very well, although no clear explanation is pending. It could be explained that freelancers often include doctors, lawyers and notaries, who of course require a sufficient income.
In addition, the income situation is easier to plan. There are also often members of pension funds where the probability of failure is reduced. With a credit comparison, the self-employed are shown providers of a 83,000 USD loan for self-employed persons for whom the professional status plays a subordinate role.
Proof of the creditworthiness of a self-employed person
If someone is employed and needs a loan, he or she submits their pay slips and perhaps their employment contract and the loan is approved. With a 83000 USD loan for self-employed, however, significantly more evidence must be submitted and detailed information about the income must be given.
Income tax assessments from recent years are usually required, but this varies from bank to bank. Some banks need a photocopy of the last notice, while others want notices from recent years. With a loan for self-employed persons it is also important how much the loan amount should be.
Start-ups have even worse cards than the self-employed. But for this professional group there are other types of funding that are state-sponsored.
Tips for the self-employed
If an 83,000 USD loan is required for the self-employed, the first thing to do is to ask the house bank. Branch banks, which is also the house bank, offer worse conditions than the direct banks. But the house bank in particular has often accompanied the self-employed financially for many years, they know what the finances and payment behavior of the self-employed are.
If you want to increase your credit opportunities, you can include a second borrower or a guarantor in your loan agreement for the loan for self-employed persons. However, these people must have a regular and sufficient income that comes from a job that is subject to social security contributions.
In addition, loan collateral could increase the chances of a 83,000 USD loan for the self-employed. These include a mortgage on home ownership, a mortgageable life insurance policy or savings investments.
The bad Credit bureau and the credit for the self-employed
It is not always the regular income that leads to a rejection for a loan for self-employed persons of 83,000 USD. If you have a bad Credit bureau, be it an employee or a self-employed person, you will have problems getting a loan from a German bank. It is recommended to do your own Credit bureau query before applying for a loan.
There are often entries that have long been done. In the case of a bad Credit bureau, employees can switch to the Credit bureau-free loans. In addition to a permanent job, this includes sufficient income, which is at least 1,100 net for a single person. As a rule, the self-employed will not receive a Credit bureau-free loan.
If you want a Credit bureau-free loan, you could provide the aforementioned loan collateral. But to what extent a bank from abroad recognizes this would have to be questioned. A reputable credit broker is suitable for this.
If you are looking for a 83,000 USD loan for the self-employed as a self-employed person, you should do this with a credit comparison from Centi Loan Lender. With this comparison, he sees which providers provide credit for the self-employed. Expensive loan offers can be excluded immediately. If there is no bank, a reduction in the loan amount could perhaps bring success.
The self-employed need patience. Because if one bank declines, the next bank doesn’t have to. A tip: Do not immediately apply for a loan, but first a condition request. Many rejected credit requests worsen the Credit bureau.