Posted on 2018-06-23
There is often confusion around the types of loans available to self-employed ABN holders, especially when it comes to leisure purchases such as boats, jet skis and caravans.
This blog will let you know the types of finance you can get when you are self-employed and how you can make those dream purchases to make life long memories with your family and friends.
Self-employed borrowers are usually unable to provide the same level of income related paper work than full time company employees. These documents include:
Most traditional banks and lenders will ask for the documents above to demonstrate proof of income for standard personal loans. However, if you are self-employed, there are specific finance products available to suit your particular situation.
These products include:
Not all banks and lenders have options for self-employed borrowers with an ABN.
It's best to speak to a broker like the team at National Finance + Loans. We work with a panel of lenders including banks, peer to peer lenders, boutique lenders and more to find diverse finance solutions tailored to your unique finance set up.
For more information on how to get a loan for a leisure item such as a boat, jet ski or caravan with an ABN, our team can help. Call us on 1300 844 970.