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Engage with Our Experts for Personal Loan for the Self-Employed

We assist individuals working for themselves to overcome the obstacles faced when applying for personal finance. Whether they are running a small operation with employees or operating as an independent one-person contractor, the self-employed can face challenges in meeting lender criteria for the best interest rate loans for personal purposes.

  • Low personal loan interest rates
  • Credit score not impacted
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Why Jade Finance?

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Personal Loan Specialist

With over 25 years of experience in finance, we have a reputation for negotiating great rates with same-day approvals.
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Secure Affordable Personal Finance for Self-Employed Individuals

While employed individuals can verify income with payslips, some self-employed individuals may have less reliable and consistent income, with business and personal income and expenses entwined. Making it challenging to prove creditworthiness to lenders.

We work with individuals in this position to achieve affordable personal finance through the right lenders and at the best interest rates.

Engage with us from the outset and take full advantage of our experts to source your business owner loans.

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Overview of Self-Employed Personal Loans

Personal loans for business owners and contractors differ from finance for their commercial operation.

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Versatile Personal Loans

Personal loans may be secured or unsecured, and be used for a range of purposes including purchasing cars, motorbikes, boats, furniture, travel, medical costs, special event expenses and to pay out other debts such as credit cards.

ASIC Compliance Required

Personal loans are extremely popular and available through many banks, finance companies and other credit providers. Lenders in this market must adhere to the ASIC rulings around Consumer Credit Laws.

Credit Product Variations

Beyond those regulations, the features of specific credit products offered by an individual lender, the interest rate and the approval criteria can vary across the consumer credit market. Variations which can lead to challenges for the self-employed.

Circumstantial Challenges

Challenges faced can include having a consistent and reliable personal income separate from the business revenue, having a high enough income, having insufficient assets for security, and finding the credit provider that does suit their specific circumstances.

Finding Suitable Lender

To find the most suitable lender, individuals face the prospect of a negative effect on their credit score when they apply for multiple loans to compare.

Expert Broker Assistance

Through engaging with Jade, individuals working for themselves can have the right lender obtained for them from across a vast market and have an expert broker source and negotiate funding to suit their requirements.

Avoid the Challenges and Discover a Full Range of Self-Employed Finance Options

Avoid the challenges, engage with us today online or by phone.

  • Expert brokers to source independent contractor personal loans.
  • Full selection of personal self-employed finance options.
  • Secured and Unsecured Personal Loans for wide a range of purposes.
  • Self-employed personal loans for cars, boats, bikes, holidays, household goods and other purposes.
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Personal finance guides and resources

Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.

Take Full Advantages of the Jade Finance Benefits for Self-Employed Loans

While many individuals that work for themselves do so solo, there is no need to go it alone when requiring personal finance. In fact, individuals can realise significant benefits and advantages by using our services.

We are accredited with over 80 lenders and have extensive technical resources to quickly match each of our customer profiles and requirements with the most suitable lender. The time factor can be extremely important to the self-employed. If not being productive with client work, they may not be generating income. The time spent trying to find the best personal finance option can mean downtime and less income that week or month. Using our services saves significant time which can be better spent generating an income.

Our service is extremely individual and personal. Each person is assigned their own broker to handle their financing requirements. We have extensive experience in working with the unique situations of self-employed individuals, understanding what is required, and sourcing credit that works with their circumstances.

Our brokers are highly skilled at not only finding the right lender, but negotiating on the lowest interest rates, the most flexible terms, and minimising the documentation required to meet lender criteria. Our impressive track-record and reputation built over 25+ years is your assurance that Jade can provide significant benefits for individuals working for themselves.

Get in touch today to leverage the benefits Jade offers.

  • Personalised, individual service from expert brokers.
  • Flexible terms, lowest rates from 80+ lenders.
  • Save valuable time to devote to work.
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Know the Eligibility Criteria and Application Process for Personal Loan for the Self-Employed

Personal finance is regulated through Consumer Credit Laws by ASIC. Credit providers offering loans to individuals must abide by the laws and meet the guidelines for lenders. These include applicants:

  1. Being over 18 years of age.
  2. Having permanent residency of Australia/NZ or the necessary visa.
  3. Proving their regular taxable Australian income.
  4. Have a fixed residential address.
  5. Having a credit profile to be reviewed by lenders.

In addition to these essentials, credit providers set their own minimum requirements for income, credit ratings, loan amounts and their individual eligibility criteria. There are also variations around the purposes that personal credit will be provided to cover.

To prove they do meet the criteria, individuals will need to provide:

  1. ID proof with the documents required by the lender.
  2. Income proof through personal tax returns and payslips and other income sources.
  3. Specifics of debts including loans, buy now pay later and credit cards.
  4. Details of assets held in their name.
  5. Regular expenses.
  6. Possibly bank statements.

Many self-employed individuals will have assets and debts for their business held in their name and their personal income and commitments may be less easy to separate from the business revenue. Your Jade broker will be assisting you through every stage of the application process including what documents to provide. We will be explaining your specific circumstances to our industry-level lender connections to secure a workable outcome.

Options for self-employed individuals may include using assets owned by their business operation as security against personal loans and using the strength of the business revenue to support personal income levels. However, loans and debts for the business held in the name of the self-employed individual may also be considered by lenders. The length of time that an individual has been successfully self-employed, especially if solid, long-term contracts are in place, may contribute to easier approval, better rates and outcomes.

Where an individual is in doubt about their eligibility, for how much they may be approved and at what interest rates, we can arrange pre-approval of personal loans for business owners. This enables contractors to have their credit approved to an estimated limit prior to committing to the purpose for the funding.

To discuss your personal situation in regard to eligibility for personal credit, please reach out to us for a no obligation pre-application discussion.

  • Specialists to assist with criteria and applications.
  • Potential to utilise business revenue to support personal loan applications.
  • Pre-approved self-employed personal loans available.
  • Easy online application service.
  • Fast phone applications.
  • Fast approvals – 24 hour turnaround possible.

Compare Our Self-Employed Personal Loans with Other Options

Individuals working for themselves essentially have two options in sourcing personal credit – handle the process on their own or engage the services of highly experienced brokers. Opting for Jade to handle your self-employed personal loan will save you extensive time, allow deep lender market coverage and will not impact your credit profile.

Jade’s services and options provide a comprehensive and deep coverage of the consumer credit market. Identifying the right lender that will negotiate on rates and terms and has the criteria to suit our customers. Many traditional bank loans and credit through other financial institutions, have strict criteria and guidelines. Where an applicant does not meet all the criteria, the application is simply not approved.

With our access to over 80 lenders and our experience across the lending sector, we know which lenders suit which applications. We can expedite applications by sourcing quotes and offers directly from the most suitable lenders.

The Jade approach offers individuals the opportunity to access both specialist services and areas of the lending market which are not readily available to individuals. We have lenders that only consider applications from their select broker network. Our services include individual negotiations with lenders. Your Jade broker will explain your unique circumstances, those faced by many self-employed individuals where business and personal income and commitments are entwined, to our lenders. Ensuring a workable interest rate and flexible repayment terms are secured.

For a streamlined, fast and straightforward way to a personal loan as a self-employed, contact us.

  • More lenders, more options, more prospects for better rates.
  • Streamlined, fast application process.
  • Specialist services for independent contractor personal loans.
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 05/12/2024 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.

We work harder to secure the best rates.

Personal Loan for the Self-Employed FAQs

  • Yes. Personal loans for individuals that work for themselves can be approved when the application meets lender criteria.

  • Personal loans may be used for the purchase of vehicles, boats, motorbikes, caravans, household items, travel, medical costs, weddings and other events and personal purposes.

  • Secured personal loans are typically arranged with fixed interest rates while unsecured loans may have a variable or a fixed rate. The type of rate can vary with lenders.

  • Some lenders may allow self-employed individuals to use business assets which are in their own name as security against a personal loan.

  • Where business and personal income are entwined with self-employed individuals, they may explain this situation to the lender. Some lenders may take business revenue into account when assessing self-employed loan applications.

  • Where business loans are in the individual’s name, they may be considered in assessing the application.

  • Both secured and unsecured personal loans are available for self-employed persons.

  • Personal loans can be approved for the purposes of travel, subject to individual lender guidelines.

  • Secured loans are used where the goods being acquired provide suitable collateral for the loan. Where the loan is for an intangible purchase such as travel, an unsecured loan may be more suitable.

  • When applying for a personal loan, individuals must provide details of all types of debts in their own name. These include loans, credit cards, overdrafts and buy now pay later arrangements.