If you're a self-employed person in need of a 79000 euro loan for self-employed people, be prepared for a more difficult lending process. Professional status alone is a reason for rejection. Nevertheless, there are some direct banks that also provide a self-employed person a loan for self-employed 79000 euros. However, a loan comparison should be done beforehand.
Why is the loan for self-employed so difficult?
Banks are more than reluctant to lend 79000 euros to the self-employed. The reason can be found in the unstable income of the self-employed person. Unlike an employee who has his regular income every month, a self-employed person earns once more or once less a month. They are dependent on the payment behavior of their customers and on the order situation.
There are also seasonal drops in some areas. Banks thus have neither medium nor long-term payment security. Also, the review process for a loan for self-employed 79000 euros is much more complex than for an employee. This one simply submits his pay stubs and the loan stands. The self-employed must provide income tax receipts for the past few years.
Often a loan is also rejected right away, because many loans on the Internet are standardized. A good thing for the customer, the loan process is much faster and more relaxed. But as a permanent fixture, a salary assignment is required as collateral for the loan. And this is where the 79000 euro loan for self-employed hapens. He can not prove such an assignment. It is also important for a 79000 euro loan for the self-employed that the self-employment has existed for at least two to three years.
Since many direct banks on the Internet use the aforementioned standardization in a credit check, the self-employed person falls through the cracks. Therefore, the first point of contact should be the house bank. Often this accompanies the company financially for many years. She knows the financial situation and is aware of her client's payment history. Nevertheless, no matter what the offer at the house bank, a loan comparison should be made for a loan for self-employed 79000 euros.
With the credit comparison of Smava (Link: www.smava.de) not only interest rates and credit rates are shown, but also which provider grants a loan for self-employed 79000 euros. So can be narrowed down with the comparison the credit offers.
From the credit comparison Smava 84 and 120 months
Commercial loan
Term 84 months = 7 years
The first place is taken by Postbank. The interest rate ranges from 2.59% to 8.59. The credit installment is 1.028,25 euro.
Term 120 months = 10 years
In first place is the Creditplus bank. The interest rate shows from 3.99% to 10.99. The loan installment is 796.79 euros.
The last place as a comparison
Duration 84 months = 7 years
The last place is occupied by Extrakredit with an interest rate of 9.95% to 15.95%. The credit rate is 1.292,11 Euro.
Term 120 months = 10 years
The last place is occupied by Extrakredit. The interest rate ranges from 9.95% to 15.95%. The credit rate is 1.023,24 Euro.
What do these examples show?
From these few examples, it is clear how the interest rate and term changes the loan rate. Therefore, before each 79000 euro loan for self-employed should be made a loan comparison. Especially for the self-employed it should be important that a loan installment remains affordable.
So a difference of a few percentage points results in a significant saving. Generally, a loan rate, whether self-employed or salaried, should adapt to the income. It should be chosen so that it can be paid even in times of financial hardship. Self-employed should also
Increase the chances of credit
If the bank is not satisfied with the average monthly income, a second borrower or guarantor can be named. These loan collateral often simplify a loan for self-employed 79000 euros. However, these persons must have an income from a non-self-employed activity. Even if the partner (spouse) is also self-employed, the chances of getting a loan increase. Also the presentation of a lendable life insurance, savings or a mortgage on a residential property, are accepted by banks as collateral.
Bad credit – and now?
Not only is "normal" lending to a self-employed person already hard. With a bad Schufa the offer for a 79000 Euro loan for self-employed becomes very tight. Workers with a bad credit history can switch to the credit-free loans from abroad. This form of credit, however, is basically secured by a regular earned income and self-employed people do not have that.
Therefore, a loan for self-employed 79000 euros schufafrei is not possible. In the case of credit without credit history, the funds come almost without exception from a bank, no physical collateral and no guarantor are recognized. However, a so-called "substitute loan" could be a solution. In this case, there is no guarantee, but a close acquaintance makes the loan application in his name. However, the credit amounts are capped. Three credit sums are approved. Once 3500 euros, 5000 euros and 7500 euros.
The modern credit – P2P
With this form of credit, private investors grant credit to credit seekers. It does not matter whether the customer is self-employed or permanently employed. For this purpose, there are credit portals on the Internet such as Smava or Auxmoney, which make these contacts. The customer carries his credit desire 79000 euro credit for self-employed comprehensibly and confidence-inspiring before. For this he creates a profile.
If he is lucky, several investors bid on the 79000 Euro loan for self-employed people at the same time. Of course, supporting documentation is due for this type of loan as well. However, the terms are not quite as stringent as those of banks. It's worth a try.
TIP: For a 79000 euro loan for the self-employed, choose a flexible loan. For example, free unscheduled repayments are important. If income increases, the loan can be paid off more quickly.