In the UE, the self-employed are defined as those who receive the main income as the owner of a company. Freelancers also fall under this definition, but not corporations. Freelancers and self-employed traders have had difficulties in obtaining credit on affordable terms since banks tightened their equity guidelines in 2006. Often self-employed people do not get any credit at all because the hurdles for the credit are often so high. private credit checker means business evaluation and in today’s world self-employed can get a loan for self-employed without private credit checker.
The loan for traders
When starting a business in this large group, the banks pay particular attention to three points when it comes to requesting a loan for the self-employed without private credit checker. These three points are the results of the past, the possible guarantees and the duration of independence. In most cases, collateral plays a subordinate role. A loan for self-employed persons without private credit checker with affordable interest can be obtained for self-employed persons with positive credit, submission of the last two income tax notices or declarations and at least three years of successful self-employment.
The house bank of the self-employed looks at the account movements of the past twelve months. Many house banks waive the submission of the private credit checker if the installments of the requested loan can be provided without problems and the timely income is permanently above the applicable garnishment exemption limit. Exceptions are made in the risk sector, and this includes, for example, gastronomy. In these cases, usable collateral for operating and investment credits and current business evaluations must also be provided. However, there are ways and means at relevant online portals, where there can be a loan for self-employed persons without private credit checker even in difficult situations.
A loan for freelancers
Notaries, doctors, pharmacists and other freelancers have it much easier to get the loan for the self-employed without private credit checker. At banks, they are well regarded as credit customers. Without private credit checker, the credit institutions focus on the last two income tax assessments and the bank statements at least for the past six months. Nobody who has received public credit for the practice will be able to avoid creating a current private credit checker.
Often, up to around 50,000 USD of flexible, repayable working capital loans are also available online without the submission of private credit checker. Experience has shown, however, that applications for direct banks should not be based on the use of fully utilized house bank credit lines.