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Personal Details (Part 2/3)

Income Details (Part 3/3)

Example APR :

We compare loans that can be paid back over the terms 1 and 25 years. The APR interest rate you’ll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%. This is a representative example of what it may cost: a loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22.

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Best Short Term Loans (www.bestshorttermloans.uk) is a credit broker and not a lender
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Full Name :
Email Address :
Phone Number :
Loan Amount :
Loan Term (in months) :
Loan Purpose :

Personal Details

Date of birth:
Marital Status :
Residential Status :
Current Address:
Post Code :
Time at current address (in months) :
Number of Dependents :

Loan for Self employed and Part-time Employed in the UK

Anyone who is self-employed, part-time employed or working on a contract or freelance basis knows how difficult it is to borrow with unstable income source. From payday loans to personal loans, there are several concerns involved in borrowing self-employed loans from conventional lenders.

Before you contact a professional for self-employed loans, it is important to know clearly about the facts and myths related to loans for part-time employed workers. Every loan rejection further hurts your credit rating and you should be careful to protect your credit profile.

What are the common issues faced by self-employed people in the UK?

Different lenders have different norms to approve your loan application. However, we have outlined the most common issues being reported by self-employed people. These are:

  • Insufficient documents to prove stable income source
  • Lack of previous years’ tax returns
  • High debt to income ratio
  • Low credit score/rating

Being a responsible broker, we at BestShortTermLoans steer borrowers to get over these complications. We help self-employed people establish their credit worth. We help them reach lenders who are willing to offer them secured and unsecured loans at best price. We let the lenders know about your credit worth, as you are not looking for unemployed loans.

Whether you are looking for short-term loans for self-employed without proper documents or self-employed loans with bad credit, Best Short Term Loans can help you find tailor-made loans online.

To seek our free broking service, all you need to do is fill a form on this page.

Do’s and Don’ts to Know Before Applying for Self-employed Loans

Do’s

  1. Do make a rough estimate of how much you need.
  2. Do assess how long it may take to repay the loan.
  3. Do contact a broker and let him search for self employed loans for you.
  4. Do search for affordable instalment loans only.
  5. Do make efforts to complete all the documents to establish your income.

Don’ts

  1. Don’t apply for payday loans in a haste.
  2. Don’t borrow more than what you need or what you can pay back
  3. Don’t look for shallow promises by lenders.
  4. Don’t be a victim. Beware of loan sharks.
  5. Don’t be de-motivated due to adversities faced while borrowing self-employed loans; rather use professional help of a broker to add positive influence in your life.

Loans to Consider for Self-employed People

Doorstep loans

Doorstep loans are short cash advance loans, which can be customised according to your credit requirements. There are the least hurdles involved. You can use these doorstep loans as a bridge loan for your urgent needs. Being expensive loans, consider these loans for a very short period only. Typically, doorstep loans are granted as weekly instalment loans, wherein a loan agent visits your home for loan disbursement as well as loan reimbursement.

Short Term Personal Loans

Based on your credit requirements you can apply for short term personal loans as a self employed. We at BestShortTermLoans assess your credit repayment capability and look for loans according to your repayment potential. You can use personal loans for a variety of purpose.

Short-Term Business Loans

With Best Short term Loans by your side, you can successfully avail short term business loans on easy instalments. We work to eliminate borrowing hitches for self-employed. We extend total loan support for our clients on their queries on our loan products and service.

Whether you need a loan against property, or want to consolidate your current debts, we can help you make a learned decision.. We help borrowers from all walks of life including students and part-time employees avail the desired loans.