Self Employed Loans
Lenders generally charge higher interest on self employed loans because they are taking more of a risk, but there are deals on the market whereby the initial APR drops after a limited period as the lender becomes happy that you are able to make the regular repayments.
When applying for self employed loans, you will normally need to:
- declare your income
- provide a certificate from an accountant that shows your income will cover the repayments
- provide bank statements to show your gross income
If you have a mortgage, evidence of punctual repayments may help your case.
Our FREE online loan comparison tool compares rates, monthly repayments, loan terms and fees of all the leading UK loan providers so that you can find the best deal for your circumstances.