Freelancers are still accepted at some institutions, but craftsmen are usually only one of the few self-employed. Property is especially popular as collateral. The banks are looking forward to additional collateral, since the self-employed can usually only show fluctuating income monthly. The prerequisite for this is income security. Missing numbers, data and facts can not simply be ignored.
The loan for self-employed without collateral
There are a few rules for one without collateral. This should convince the house bank. This concept should be presented in detail and show the house bank, how the capital should be created. If you can make it clear to the principal bank that you make an additional value contribution with the amount of the payment, the house bank grants a loan even without collateral.
In addition, it can be very useful if your business is already established. After three years, this is the case in the minds of financial experts. After this time, companies usually have a solid foundation and a solid customer base. Of course, the more respected and older the company is, the less security you need.
If, despite your years of experience and business idea, the house bank does not want to lend you a loan, you should definitely ask other house banks. The different credit institutions often have different perspectives on the respective circumstances. Maybe another house bank will convince your business concept. In particular, lower loan amounts open up an alternative for the banks.
Private investors, such as As acquaintances or family members, can also help. So it does not always have to be in one of the banks. But be careful, because friendships can be put to the test. In any case, a contract should be drawn up and written by experts.
A loan agreement with private individuals can be legally and notarially accompanied. They often close their eyes, even if you have no security.
Why do not self-employed people get credit from many banks?
Self-employed and freelancers do not get credit, as the acceptance criteria of the few credit institutions in this area only specify commitments to employees. However, if a profession is only a secondary employment and the main occupation meets the requirements, lending to the self-employed is possible. For individuals without maintenance, basic income is a basic requirement – it increases by a fixed percentage for each individual to whom such obligations apply.
Why do not self-employed people get credit from many banks? Self-employed and freelancers also receive significantly more difficult loans than employees and employees in traditional lending business. On the one hand, credit institutions are faced with increased processing costs when examining applications from freelancers, which also have to be largely manual. Employees only have to submit a small number of pay slips, while the self-employed need ongoing company valuation and a review of past tax assessments and advances.
For many banks it is also necessary to answer a questionnaire in order, for example, to develop the order situation. On the other hand, credit reporting agencies such as the Stich Credit (SCHUFA) assess the risk of default of self-employed (“craftsmen in the narrow sense”) much more than that of employees. However, the (“private”) financing requirements of many self-employed persons go far beyond this measure.
Self-employed often tend to repay the loan prematurely
The following the elimination of financial bottlenecks, which, from the bank’s point of view, is no longer an interesting contractual profile since the legal maximum limit for prepayment charges. How can freelancers and freelancers expand their credit options? With regard to the normal market for loans, there are some basic rules that you can use to increase your chances of winning a loan.
The German market has so far failed to generate quarterly (in sufficient numbers) installment loans. Most credit institutions require more than one income tax assessment. Remaining debt insurance – in principle conceivable as a form of credit default swap for small businesses – is also not suitable in reality to increase the chances of a loan:
Even self-employed people can take out insurance against the unemployed in the reinsurance policies – the standard is then usually a salary below X% of the statutory ceiling for statutory pension insurance. Self-employed and freelancers with an existing negative function have little prospects of credit. Two main alternatives are loans for collateral and peer-to-peer credit marketplaces. Some of them have somewhat loose admission criteria, so that interested parties with a negative SCHUFA entry can conduct research on the credit markets.
Market participants are aware of the nature of the credit information
So that the debtor must be expected either to terminate (or not to finance a discontinued loan project) or to incur significant risk premiums on the interest. Lombard loans are widely used in the commercial sector, which can also be used by self-employed and freelancers for personal loans.
Securities (securities lending with disbursement option), life insurance (policy loans for banks or insurance companies), construction loan agreements, real estate and motor vehicles are eligible for collateral. Unlike mortgage loans, mortgage loans are not specific to a particular loan and can therefore be used as a form of “credit line”: The line of credit: After the repayment of the loan, it is comparatively simple and with significantly lower cadastral costs than a real estate loan.
However, such developments could be imaginable in the context of a further development of “social lending” and / or in the context of a Europeanization of the consumer credit market: there are different acceptance criteria for a loan, not only in Switzerland and the Principality of Liechtenstein.