There are several criteria according to which an activity is considered self-employed: First of all, the self-employed person must not be dependent on a single employer. Three Clients are the minimum number in Germany, so that the employment relationship is recognized as independent. However, the turnover with a client may not exceed five-sixths of the total company. These rules were set to combat the malady of bogus self-employment.
Allocating a self-employed person to one of the two aforementioned categories, as well as to a specific occupational group, already makes a big difference. Although freelance artists and journalists are just as freelancers as lawyers and doctors, it is harder for the first-mentioned occupational groups to get a loan approved. If you want to compare the loan for self-employed, this criterion plays an important role. The reason for this is the increased risk for the lender: many self-employed activities are considered economically uncertain.
Since it is in the interest of the lender to secure repayment of the loan in advance, these professions are often offered less favorable terms. This fact must be taken into account when comparing loans from self-employed loan seekers. Information and tips to take out a self-employed loan, you can get here.
In the case of loans for the self-employed, risk assessment plays a major role. If loan-seeking freelancers want to compare the loan for self-employed, it quickly becomes apparent that the barriers to granting these loans are higher than for self-employed workers. On the one hand, the self-employed do not receive a regular salary.
On the other hand, there is always the danger that there will be financial bottlenecks if customer payments fail. But once the barriers to obtaining credit for a self-employed person are overcome, there is no longer any difference to regular personal loans.
Due to the lack of guaranteed earnings, particularly strict criteria must be fulfilled before the approval of a self-employed loan. After the credit comparison, the applicant must provide various business evidence. For example, the company balance sheet and the income statement apply over several years as proof of income. In addition, there is proof that the company is located in Germany. In addition, there must be no negative entries in the Schufa.
These criteria apply to both the online loan and the self-employed loan from a branch bank. In one sense, all loans are equal: they must be compared in advance. If you want to compare loans for free, so the Personal Payday loan calculator offers as a very useful tool. Just call Personal Payday and use our loan calculator for free to compare the self-employed loan.
Your Personal Payday team
Ultimate Blogger Theme By Buywptemplates