Posted on 2018-06-23
Did you know that over 2.4 million Australians are self-employed?
This number is growing. Unfortunately, not all banks are able to offer self-employed Australians with the same quality low rate options for finance that is available to company employees.
But there definitely are financiers with great products who might not require the standard proof of income. You don't know these loans exist as they might not be advertised as much.
It is for this reason that we recommend self-employed borrowers, and ABN holders to chat to a specialist broker who can tailor a loan solution that a traditional big bank usually won't offer.
Some lenders are unwilling to lend to all self-employed borrowers as it can be harder to prove your income and present enough pay slips, bank statements and tax returns to get an approval when you are self-employed.
Brokers work with many different types of lenders, not just traditional banks. Peer to peer lenders, boutique lenders and other non-bank financiers have many products people who are self-employed will love!
For more information on how to get a loan for a self-employed loan, our team of brokers can help. Call us on 1300 844 970.