Self-Employed Loans

There are a few different types of loans for self-employed people in the UK, which include:

• Personal loans for self-employed people are designed for personal use, like home improvements, new cars and debt consolidation.
• Self-Employed Loans are designed for business purposes, like investing in your premises, buying new equipment or boosting your marketing.
• Secured Self-Employed Loans are ‘secured’ by valuable assets such as property, whereas Unsecured Loans are not. Offering security can improve your chances of getting finance and accessing higher loan amounts.

We offer Secured Loans for the self-employed with no guarantor required, and you can use them for a wide range of business and personal reasons.

If you’re looking to obtain credit, our Secured Loans can be used for a range of purposes

• Carry out home improvements – a great way to invest back into your property.
• Bigger personal items such as cars can be financed using a Secured Loan.
• Even if you have bad credit, we could still help you with a loan.

Self-Employed Loans can provide the funds you need, regardless of how you earn a living. With loan amounts from £5,000 to £100,000 and repayment terms of 3 to 20 years, you can also spread costs out in a way that suits your budget.

Choosing a Self-Employed Loan specifically offers the following advantages:

• Accessibility: Offering security shifts the focus away from your credit score or income and can increase your chances of getting approved.
• Better deals: Secured loans for the self-employed are less risky for lenders than unsecured loans, so you could access higher loan amounts at cheaper interest rates.

While we conduct an assessment to ensure each loan is affordable, borrowing money always comes with a degree of risk. With a Self-Employed Loan, if you repeatedly fail to make your agreed repayments you could put your home at risk of repossession.

Whether they’re taken out for business or personal reasons, our secured self-employed loans can create opportunities and make your life easier. Our approach means we’ve been able to help thousands of people by finding them a loan that’s right for them. Here’s a few more reasons why you can rely on us:

• We’ve provided finance to over 31,000 customers, offering repayment terms to suit each applicant’s situation.
• We look beyond your credit history and review how you receive your income to assess your situation as a whole, so you could still get a self-employed loan with bad credit.
• We provide you with a thorough breakdown of our loans up front, so you won’t need to worry about any hidden fees.
• We’ve received hundreds of positive reviews from previous customers, which has earned us an excellent Feefo rating and the Platinum Trust Service Award for 2022.
• We’re authorised and regulated by the Financial Conduct Authority and are a member of the Finance and Leasing Association. We’re committed to lending responsibly.

There are a few things we’ll ask for when you apply for one of our secured loans for the self-employed, which will help with our affordability assessment:

• Proof of Income such as certified/stamped accounts from your accountant, or a submitted SA302 form
• Proof of address, such as utility bills
• Proof of identity, such as a passport or driving license
• Your mortgage account number and home insurance documents
• If you’re a sub-contractor, we’ll ask for six months of remittance slips