Are you an entrepreneur and would like to take out a loan for the self-employed? Although the order books are very well filled, company owners often have a hard time getting a loan from a bank. This is because they are reluctant to grant loan commitments if the desired collateral in the form of a permanent employment contract or regular monthly income is missing.
While some credit institutions generally reject the application, other houses charge higher interest payments if they approve an installment loan for self-employed.
Self-employed as a risk group
After careful examination, numerous banking houses classify the granting of money to freelancers and entrepreneurs as too risky and therefore sort them out in the approvals. From the point of view of the financial institutions, the cautious lending policy is easy to explain. They value borrowers who are likely to be able to meet the agreed instalment repayments with ease. Although freelancers often have a higher monthly income, their applications are often rejected because the income is neither secured in the long term nor regular. The financial risk is considered greater for them than for employees. With these conditions, the search for a favorable loan is difficult and tedious. At bestfinance.ch, you are accepted as a borrower and do not have to fear any stumbling blocks when you want to apply for a loan for the self-employed.
What are the requirements for a loan for the self-employed?
First and foremost, the following hurdles must be overcome: The applicant must be able to prove a permanent residence in Switzerland, be of legal age and not have a negative note at the debt collection office or ZEK. In addition, a self-employed person must provide further documentation. These include:
- the last definitive tax assessment as a freelancer or self-employed person
- proof of taxable income of at least CHF 40,000 per year
Conclusion
It is often more difficult for entrepreneurs to get a loan for self-employed people from a bank. At bestfinance.ch, on the contrary, there are good opportunities to get a suitable loan. We finance easily and cheaply, so you can devote yourself to your business.
On our homepage you will find a loan calculator where you can calculate the different variants for your installment loan. Alternatively, you can also apply for your personal loan online.
The bestfinance.ch team will be happy to answer specific questions and provide further information by telephone.
Save article as PDF: Credit for freelancers and self-employed.pdf