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
Loan Type
Asda Money Personal Loan
Rates From
2.8% APR
Loan Term
1 to 7 Years
Borrow

£1,000 to £25,000

 The Representative APR is 9.9%

Representative Example: If you borrow £5,000 over 60 months at a representative 9.9% APR will cost £104.95 a month. Total amount payable £6.297.23. Annual interest 9.9% fixed. Credit subject to status

Loan Type
Post Office Personal Loan
Rates From
3.4% APR
Loan Term
1 to 7 Years
Borrow

£1,000 to £25,000
Excellent Credit History Only!

The Representative APR is 8.9%

Representative Example:  Based on a loan amount of £4,000 over 36 months at an interest rate of 8.9% p.a. (fixed). Monthly repayment of £126.37. Total amount repayable £4,549.49.

*If a lender has pre-approved for a loan product this means they have conducted a soft search of your credit file and there is a good chance they will lend to you. Pre-approval does not guarantee you a loan. All loans are subject to lender and provider requirements and approval.