Self Employed Loans

Some lenders of short-term property loans and other financing options require a certificate of employment, so many business owners wonder if they can get self employed loans. The short answer is yes – self employed individuals can still get loans such as a bridging loan or business loan. The key is finding a reliable lender who not only offers self employed loans but also has a fast and secure process. 

Funding is a leading provider of simple and flexible loans. Individuals, companies, and trusts are all welcome to borrow funds from Funding, whether their purpose is for personal or business use. We have loan options for commercial and home equity loans with terms of up to thirty-six months. 

If you’re interested in the best loans for self employed individuals or home loans for sole traders, our answers to common questions related to loans for self employed borrowers below might help. 

What requirements will I need to get self employed mortgage?

The requirements for self-employed loans can vary from lender to lender. For example, many lenders require borrowers to have at least two years of steady self employment to qualify for self-employed loans, though exceptions apply. Most mortgage lenders in Australia, including second mortgage lenders, require personal identification documents, property documents, and income information. Be ready to supply them in case your lender requires them. 

At Funding, our typical loan-to-value ratio, or LVR, is 65% to 70% of the property value. All you need is sound real estate and documents to prove your capability to meet your repayments for a better chance of getting approved for self-employed loans at Funding. You can also get personalised customer service where you can talk to a real person online or over the phone about your needs. Our team will be happy to assist you with the loan requirements. 

Is it possible for me to borrow money as a sole trader?

Sole traders or people who own and run businesses as individuals can borrow property loans, renovation loans, and more, given that they meet the borrower requirements of their lender. Sole traders get unique rates from partnership businesses or corporations depending on their net profit, business size, the value of the security property, and other related factors. 

Looking for short-term business loans? You can use our solutions at Funding for urgent business loans, such as refinances, debt consolidation, start-up funding, property purchase, renovation, or development. 

Maybe you’re an individual scoping for bridge loans to secure your dream new property before your current one has sold. In that case, our range of loan products can be used for this purpose, and many self-employed individuals have benefited from bridging finance rates that are tailored to their unique needs.

We’re all about giving customised quotes on self employed loans and other loan options you might be interested in. We are always upfront with our pricing, so you can trust that you are getting a fair deal from us. When you submit your loan scenario and details on our platform, you will receive an outline of your applicable rates and fees along with your same-day conditional approval. 

Examples of properties we accept as security for loans are residential, commercial, and vacant land. If you own one or all of these properties within Australia, then you may qualify for loans, whether you’re an individual, business, or sole trader. 

We’ve seen continued success in a highly competitive, highly regulated business sector due to our product range and ability to fundamentally reshape how everyday Australians may access financial loans. Leverage our lending opportunities and allow us to help you achieve your financial goals.

Are online loans easier for self-employed individuals?

Many traditional lenders like banks are stuck in their slow, manual processes, so it may take longer for loan applications to be approved, including those for personal and self-employed loans. Online lenders may be more flexible with requirements, making it easier for self-employed individuals to get approved for loans. In addition, the process can typically be done entirely online – no more queuing for hours in the bank.

Funding takes a common sense approach to lending and can often assist when banks cannot. We use cutting-edge technology to make borrowing against equity easy and accessible across Australia. Submit details of your loan scenario on our platform, and you can get same-day conditional approval. Once the loan is formally approved and the documents are signed, you can receive the settlement within a few days.

We also assure our users of the safety of their information on our platform as we use bank-level encryption and security. The information and documents you share with us will remain confidential and private as they’re sent online.

Fast, flexible, and fair loans for Australians

We’re an online lending platform that values your time. We came forward to bridge the gap in the market for short-term loans that the big banks wouldn’t address. Since then, we’ve been revolutionising loans through innovative technology to make non-bank financing fast, simple, and efficient. 

Borrowing has never been this fast and this easy. To start with your application for self employed loans, get an Express Quote on our platform today.