Entrepreneur Loan – Which bank offers best

If you want to take out a personal loan as a self-employed person, it is not always easy. Because banks often require a fixed employment relationship with a regular income to lend.

Since most self-employed people cannot prove this, the credit institutions will either not grant the personal loan at all or will charge it with a risk rate. And this makes the loan project significantly more expensive.

Even if the same or even higher income from self-employment than an employee receives, the loan cannot be granted on the same terms.
If you do not want to bear the high costs, you should look for loans on the credit market that are specifically based on the requirements of the self-employed. The personal loan for the self-employed is managed by some banks in the product range. Here too, digitization has made it easier, as many credit providers have offers for the self-employed on the Internet.


Loan characteristics

Loan characteristics

It is characteristic of the loan that the income that is earned from self-employment is considered as money for the loan repayment. Income must be proven, often over a long period of time. Usually the last income tax notice and the penultimate one must be submitted, this should not be an obstacle, but serves your own security. In addition, many credit institutions will require that the loan be secured, for example through a residual debt insurance or through a life insurance, but these requirements are also intended for the security of customers. Many guidelines are looser online and credit institutions require less evidence. Comparing is worthwhile if you want to keep the effort within limits.


With our loan comparison you will find the best loan for the self-employed

loan comparison you will find the best loan for the self-employed

Those who meet the requirements of the credit institutions can quickly get the loan for the self-employed. But the admission should not take place without research, because the market offers very different offers. Compare the offers closely to find the cheapest loan. Various loan providers are wooing customers. Here, the Internet has created an advantage for customers: You can compare the credit institutions directly with one another. So you can quickly see who has the cheapest offer. Some providers are very inexpensive, others rely on speed and simplicity. Analyze exactly what is more important in your situation.


A credit comparison for the self-employed can help:

A credit comparison for the self-employed can help:

  • which banks offer loans to the self-employed
  • which are the best conditions
  • which banks have to meet which requirements?
  • what services are offered with the loan

It should be a goal for every self-employed person to take out a loan with the lowest costs. Since the credit cost margin for the self-employed is strikingly high, the loan comparison is particularly worthwhile and you will find out which banks can offer the special loan for this group of people. This can save costs. On the other hand, the loan interest rates also differ greatly from each other for the specially marked products.

The comparison calculator specifies which conditions apply to your own loan project, which are based on the loan amount, the term and the credit rating. In addition, the services of the banks are also presented, so that the loan seeker can recognize which banks, for example, can repay the loan prematurely without incurring additional costs, etc. All these points should be taken into account when deciding which bank to use for the personal loan Self-employed will be included.

When and how to renegotiate your mortgage credit?

As you know, mortgage rates are historically low and this is very good news for all those who have already taken out a mortgage. So how do you go about it and is it still profitable? Here is our question and answer of the day!


What is the purpose of a renegotiation?

What is the purpose of a renegotiation?

Renegotiation has two advantages:

  • Reduce the amount of monthly payments until the end of your reimbursement.
  • Reduce the duration of your loan without changing the initial monthly payments of your mortgage.


How to put the odds on your side?

mortgage loan

It is not enough to arrive with your hands in your pockets, even when you speak to your usual banker and here are the steps not to be overlooked:

  • Compile a complete file: you must in fact collect at least your last three account statements as well as your pay slips. A health check is also an additional asset.
  • Beware of other credits: the best is to repay all your consumer credits but if this is not the case, make sure to have only one creditor who will group the whole.
  • Being a good payer: this goes without saying of course and to prove your worth, you must have paid ruby ​​on nail your credit over a minimum period of one year. For many banks, it is from the second year that renegotiation can be considered.


How to renegotiate with your bank?

mortgage credit

You must first know that your bank is not required to contact you to offer you a new credit rate. It is up to you to manifest yourself by informing yourself beforehand about the rates offered outside. Insofar as your bank accepts in order not to see you leave for another establishment, take into account that this renegotiation still involves a series of costs which notably involves the new study of your file.


How do you deal with the competition?

How do you deal with the competition?

By looking on the side of other banks, you will surely find more attractive offers, the purpose of an establishment is obviously to welcome new customers. However, in the event of a change, the administrative costs are not negligible and your old bank is entitled to require before your departure a prepayment penalty which represents up to six months of interest on the capital remaining due. But these costs are legislated and represent only 3% of the capital.

To know: If you have only a little free time to compare the different rates or that all these calculations are not your strong point, it is interesting to go through a broker in rates of credits so that this one presents you different simulations taking into account the profits and other costs generated by this operation.


Can you negotiate your borrower insurance at the same time?

Here’s a way to save more, and these other fees may be associated with your loan repurchase when you switch banks. However, like the renegotiation of home loans and to better choose your new bank, the latter and your old bank are required to present you with a panel of eleven similar guarantees.

And you, do you find it interesting to renegotiate your loan? Have you already done so and are you satisfied with the savings? Tell us about your experience, the blog is there for that!