Anyone who wants to lend money in the form of an installment loan today usually turns to the house bank or looks around the Internet for a cheap online loan . It is clear that it has never been so easy, easy and fast to request a low-cost loan . At least, this is as long as you do with the status of a consumer and regular income. On the other hand, those who are self-employed can now access loan offers fairly easily, but here are a few additional hurdles compared to the “normal” consumer. Anyone who plans to take out a loan as a self-employed person should be aware of those hurdles and know how to handle them satisfactorily.
Credit for self-employed: Again, the credit comparison is considered a MUST!
Basically, the same applies to a loan for the self-employed as a normal consumer credit , that an online credit comparison is a must. This is the only way to find banks that even lend a loan to the self-employed; secondly, this is the only way to directly compare the terms of the individual loan offers. Experience has shown that the conditions as well as the credit requirements often differ significantly from one another with these loans. Anyone who decides too hastily for a loan offer without a corresponding loan comparison may well be paying too much for a loan. An error that can have fatal consequences for the future liquidity of self-employed people. So anyone who gets a good overview of the possible conditions online will in future benefit from just that online credit comparison . In addition, self-employment loans often show that the loans applied for online are significantly cheaper than the loans from the principal bank.
The minimum requirements for a self-employed loan
In general, when taking out a loan, certain conditions must be met. Regardless of whether you apply for the loan as a consumer or as a self-employed person. So the basic requirements are the following:
- German, officially registered residence
- Existence of a German bank account
- Legal age
- sufficiently good credit rating
For traders and freelancers, these requirements also extend to the following points:
- Headquarters in Germany
- Self-employment for at least two years
Furthermore, the bank receives a solid overview of the financial circumstances of the applicant for a loan in order to prepare a concrete and therefore valid loan offer. In order to be able to present this value to the bank, the submission of sales and profit figures from the past two years is essential. It may also be helpful to present the exact contributions to the health insurance as well as the expected amount of possible depreciation at the bank in the context of the offer preparation and examination of the financial circumstances.
Self-employed loan: These documents are required
All information given to the bank in the context of the application for a self-employed loan should be substantiated by appropriate supporting documents. For this, at least the tax assessments from the last two years and a current business analysis or annual accounts from the previous year are to be mentioned as required documents. But care: The requirements for documents to be submitted varies from bank to bank and that, often to a considerable degree. While a single income tax assessment may be sufficient for one bank, the whole bank may need a whole collection of documents, etc. Thus, it is true that in the plan to want to take a loan as a self-employed , always the best possible prepared – even in the case of all possible documents required.