Loans For Self Employed

If you’re a self employed worker or contractor and need a loan then we can help. Loans can be arranged quickly either on both a unsecured and secured basis from £3,000 – £250,000 for a wide range of purposes.

(We’ll compare across our panel of lenders to find you the cheapest rates available)

Can I get a loan without proof of income?

In most cases you will need to show the lender adequate proof of income. Proof may be SA 302 documents from HMRC or business accounts. Each lender will have their own requirements and an advisor will be able to advise you on what is required.

How much can I borrow?

Loans can be arranged from £3,000 to £2,000,000 and how much you can borrow will depend on your personal circumstances such as your personal income and home equity. Loans will also be subject to affordability and what you can afford to repay. If you need to borrower a larger amount over alonger period of time then a secured loan may be the best option. Unsecured loans may be the prefered option if you’re not a homeowner or you wish to borrow a smaller amount over 1-5 years for example. Secured loans can be arranged to 100% loan to value if neccessary.

Do you offer secured loans for self employed?

Yes. We have a large panel of secured lenders who are willing to issue loans to the self employed and contract workers who are homeowners. Secured Loans can be arranged from £5,000 to £250,000 plus and our advisors will be able to provide you with a personal quotation.

I only work part time hours can I still get a loan?

Yes. However this will depend on your income and how much you wish to borrow. The lender will also consider factors such as affordability and your existing credit commitments and expenses. An advisor will be able to provide you with a personal quote when you apply here on the website.

I am a new business owner can I get a loan?

Yes. We provide loans for small business owners and those who have set up new businesses or who havent been trading for very long. If you are unsure of your options an advisor here at Feasible will be able to present the options available to you when you request a quote.

Do you provide loans for contractors?

Yes. If you are a contract worker or work non regular hours then we can still help find you a loan from our panel of lenders.

I have only been self employed for a short while can I still get a loan?

Yes. However this will depend on other factors such as your previous employment and your current self employment and income status. Request a quote here on the website and our advisors will be able to assess your application to see if you are eligable for a loan.

I only have 1 year of accounts from my self employment can you help?

If you have only been trading for 1 year or less we may still be able to help you. Each lender has their own requirements with regards to proof of income and trading duration for self employed applicants. Request a quote here on the website and we can check your application against our lenders to see if you are eligible for a loan.

Are loans for non employed people more expensive?

No. If you are self employed you are entitled to the same loans and rates as those in employed positions paying PAYE. The only difference is however is in the way you show adequate proof of income. As a self employed person you may need to show proof of business accounts, or SA302 statements from HMRC to prove your income. If you would like to get an idea of the costs of a loan, monthly repayments and interest charges you can use this loan calculator here on the website.

I am a pensioner who is now retired working self employed hours can you help?

We still may be able to help you if you have a steady income and income from pension or other benefits. We do help arrange many loans for pensioners and we will be happy to look at your application to see which lenders are available based upon your personal circumstances, income, and credit score. Request a quote here on the website and we can make a quick assessment to see if you are eligible.