The applicant cannot simply secure a loan for self-employed persons without creditworthiness through his income or a fixed employment contract. If the creditworthiness is not given, the request to the house bank ends in a rejection and is justified with the reference that the self-employed activity does not allow the creditworthiness to be secured. This problem does not exist on the free financial market. For this reason, it is best to look directly at private lenders or foreign banks as a self-employed person and to concentrate on offers from the Internet.
Versatile loan offers for self-employed persons with no credit rating
The search is not time-consuming and, if the applicant uses the comparison, leads very quickly to a suitable offer for the borrower. Since every lender comes up with different interest rates and conditions, you should always aim to compare them and only then choose a loan for self-employed persons with no credit rating if you have made comparisons to other offers. The low interest rate is of course a point of reference that is very popular and plays an important role in deciding on an offer.
Focusing solely on interest rates is not advisable, since flexibility in the general conditions is no less important. During the term, there may be a change in the financial background for various reasons, making it necessary to change the repayment. A flexible loan is convincing here because it can adapt to any change in life and can be extended or extended in terms of terms without additional costs, or can be triggered earlier than planned via a special repayment.
The path to approval
You can apply for the loan for self-employed persons without creditworthiness directly online and use the form provided by the focused lender on the Internet. In order to receive a permit, all information must be understandable for the donor and correspond to the truth.
Collateral is an important criterion for approval. The borrower can back up his application by transferring real assets, depositing capital insurance or savings contracts, but also by naming a guarantor. The protection for the lender must be chosen in such a way that it corresponds to the loan amount.