What is Self Employed Loan?

Being self-employed can make you enjoy more freedom than the other employed people. This is because the as the self-employed people, you can manage your own schedule as well as your earnings. Today, there is a growing number of people choosing to be self-employed. However, the downside for them is self-employed people have difficulty to get the loan for expanding a business.

Being self-employed could mean you have a small business as your source of income. This, therefore, means that just like all the other business types, you will have some financial needs every now and then. Usually, obtaining such funds from the traditional lending institutions can be a tall order. This is why we have come to your rescue and designed custom loans for self-employed people. This was the birth of Self Employed Loans.

We are Different from Traditional Banks, How We Stand Out?

To understand how the traditional have made it difficult for self-employed people, we look at what they require in order to give you a loan. The documents the need include;

  1. Tax returns
  2. Financial statements
  3. Proof of consistent incomen

We, on the other hand, will not bother you with the tedious application process. We offer;

  • Fast approval
  • Less paper work
  • Flexible loan term and loan amount
  • Easy to eligible

The Self Employed Loan is designed for self-employed people, it doesn’t matter how much they earn or how frequently they receive their income. This is because the Self Employed Loans provide flexible and effective loan amounts, loan terms and repayment for the different customers to satisfy their custom needs no matter how diverse they are. We are filling the gap that exists from lack of accommodation of the self-employed people by the conventional lending institutions.

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How does Discovery Credit Help with Self Employed Business?

Self Employed people usually get the rejection from the conventional lending institutions when they apply for self-employed loans. This is because the conventional lenders usually do not have confidence in self-employed types of businesses. Another major reason is that the self employed people who own the businesses do not have enough documents for security in most cases. If this is you who have been rejected by other conventional lenders many times, it is time you turn to Discovery Credit for your rescue.

Discovery Credit has helped many small and medium-sized enterprises every year. This is due to the fact that we understand it is difficult to maintain the perfect credit history as a self-employed person. Hence, we are willing to lend a hand to people with bad credit history. We also understand the fact that all types of businesses, and especially the self-employed owned ones, need loans which are very urgent some times. This is the reason why we designed our application process to be very easy and fast, and believe it or not we provide same day funding for all our customers. As a self-employed business owner, you can take advantage of this amazing product.

Are Self-Employed Loans More Expensive than Regular Personal Loans?

Not necessarily. Even though the other lenders may see this type of loans as riskier than the other types of loans, we at Discovery Credit stand out. The rates and terms of the self-employed loan we offer are very fair and will suit your custom needs. We will evaluate your qualifications such as credit score, your income, and debt-to-income ratio. Even though your revenue may fluctuate given your nature of the business, we will discuss with you the way forward.

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Qualifying for Self Employed Loans is Easy from Us

We have the following features which make you to easily qualify for Self Employed Loans from us. First, we consider you even if you are new or starting up. Secondly, we consider unsecured loans even if you have limited cash flow. Also, we do not necessarily need detailed financial statements. We also do not require income verification.

Where can I get a Self Employed Loans?

The Self Employed Loans are available in the whole of Australia as we are online. Applications are done, and we welcome all types of industries.

How do I Apply for Self Employed Loans?

Applying for Self Employed Loans at Discovery Credit is incredibly fast and easy. Get started with our Pre-Approval Form, just simply tell us the loan amount you want to borrow, the purpose of the loan and your credit history at first. Then complete the full application form, and you will get a result within 1 minute. The last step is to send back the low doc and E-Sign contract, and we will transfer the loan to your account very shortly. Basically, we have a three-step application process;

  1. Get pre-approval
  2. Verify personal information
  3. Loan transfer

If you have any questions, please feel free to contact us, and get your loans today!

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