Loans for Self Employed
Applying for any type of loan is usually overwhelming with lengthy forms to fill out and a long list of documents to submit.
But you may face more challenges if you are self-employed such as if you run your own business or you mainly source your income from a commission or freelance work.
In evaluating loan applications from self-employed applicants, loan providers are mainly looking for consistency in revenue.
Our lenders like to see that if you are running your business, it is already operational and making enough money to cover possible monthly repayments.
What are the Documentary Requirements for Self-Employed Loans?
If you are not on any company payroll, you may need to submit additional documents to help your lender verify your capacity for repayments.
Documentary requirements may vary from one loan provider to another, but usually, you may need to submit tax returns and bank statements.
For seld-employed Sydneysiders who are first-time borrowers, navigating the process can be daunting. With FutureWise, we can help you in securing a self-employed loan.
We’ll start the process with a guided discussion on your financial needs and our loan specialist will provide you with a list of lenders in Sydney that are offering loans for non-employed individuals.
