Taking out a loan as a freelancer or self-employed person from a bank is associated with some difficulties and in most cases only possible if the applicant has been a customer for a long time. However, many house banks put obstacles in the way of self-employed people, which means that the risk of default is not in the applicant’s favor.
It becomes particularly difficult when the applicant has an entry with credit bureau. In this case it is as good as impossible for you to get a loan from the house bank. Thanks to the Internet, the range of loans has expanded in recent years, so that loans for self-employed people without credit bureau have become possible.
How can you get a loan as a self-employed person?
Collateral is also important for the self-employed. If there is property or other valuables that can be used to secure the loan, the prospects for a loan are the best. Another requirement is that you have been self-employed for at least two years. It is also very important for the self-employed to have a current company account.
If this turns out to be positive, the chances for loans for the self-employed without credit bureau are not bad at all. Loans without credit bureau are mostly offered from Switzerland. The fact that banks from abroad refrain from providing information at credit bureau is because this institution is only available in Germany.
So-called credit intermediaries can help in arranging loans for self-employed persons without credit bureau via the Internet. They have generally been active in this area for a long time and know the banks with the best offers. This means that the loan seeker does not have to struggle through the offers alone. When using this service, however, it should be ensured that this borrower is independent, so that all offers are taken into account.
What to do if a direct bank does not work?
Even direct banks offer no guarantee that loans will be granted to self-employed people without credit bureau. If there is no bank that grants money in the respective case, there is still another way to get money for upcoming projects. One of these is a personal loan, where private individuals who have money at their disposal lend it on good terms.
On the corresponding websites, loan seekers can describe their projects as well as the loan amount and the desired conditions. If this is of interest to donors, they can make an offer. If this is accepted, a loan is concluded. The processing then takes place via a bank. The loan must then be repaid in monthly installments. This option also enables loans for the self-employed without credit bureau.