If you are self-employed, you know how hard it can be to get a loan. Traditional banks and lenders often have strict requirements that make it difficult for the self-employed to qualify.
But don’t worry – there are still options out there for you to get the loan you need. I’m here to help you explore the 10 best loan options for self-employed people in the USA.
I’ll cover the different banks and companies that offer personal loan options for self-employed individuals and the essential details you should know about each one.
Whether you need a loan for a business venture or to cover personal expenses, I’m confident you’ll find an option that’s right for you.
So let’s get started and find the best loan option for you!
Overview of 10 Best Loan Options for Self-Employed in USA
Bank/ Company | Ratings | Origination Fee | Loan Amount | Regular APR |
#1 Axos Bank | 4.7 out of 5 | 1.00% – 2.00% | $5,000 to $50,000 | 7.99% to 14.99% |
#2 SoFi | 4.5 out of 5 | $0.00 | $5,000 to $100,000 | 7.99-23.43% |
#3 Avant | 4.5 out of 5 | 0.00% – 4.75% | $2,000 to $35,000 | 9.95% – 35.99% |
#4 Best Egg | 4.5 out of 5 | 0.99% – 8.99% | $2,000 to $50,000 | 8.99-35.99% |
#5 Happy Money | 4.5 out of 5 | 0%–5% | $5,000 to $40,000 | 7.99% to 29.99% |
#6 LendingClub | 4.5 out of 5 | 3% to 6% | $1,000 to $40,000 | 8.30% to 36% |
#7 Upgrade | 4.5 out of 5 | 1.85% to 8.99% | $1,000 to $50,000 | 8.24% to 35.97% |
#8 Upstart | 4.5 out of 5 | 0%–10% | $1,000 to $50,000 | 6.7%–35.99% |
#9 LendingPoint | 4.4 out of 5 | 0%–8% | $2,000 to $36,500 | 7.99%–35.99% |
#10 Prosper | 4.2 out of 5 | 1% to 5% | $2,000 to $50,000 | 6.99-35.99% |
1. Axos Bank
Ratings: | 4.7 out of 5 |
Fixed APR: | 7.99% to 14.99% |
Minimum credit score needed to qualify: | 700 |
Minimum loan amount: | $5,000 |
Maximum loan amount: | $50,000 |
Variable APR: | N/A |
Loan terms: | 36 to 72 months |
Fees: | Origination Fee |
Average Origination Fee: | 1.00% – 2.00% |
Late Fee: | $15.00 |
Discounts: | Autopay |
Eligibility: | Have to be a stay in the 50 states given by Axos Bank |
Customer service: | 24/7 Phone (1-888-502-2967), Secure messages, Mail, and Mobile App |
Soft credit check: | Yes |
Loan servicer: | Axos Bank |
Loan uses: | Home improvement, debt consolidation, or any other major expense |
Min. Income: | Not specific, but sometimes $1,000 or higher. |
Axos Bank is an excellent option for self-employed individuals in the US looking for loans.
It is a 24/7 online bank offering a wide range of services and features, making it an excellent choice for those looking to borrow a small loan.
Loan amounts range from $5,000 to $50,000, with a starting APR of 7. Axos Bank is available in all 50 states, which makes it even more attractive.
The downside to Axos Bank is that the minimum credit score requirement is 700, which is a bit higher than other banks. You may want to consider other options if you want to borrow a more significant sum, such as $5,000 or more.
Furthermore, Axos Bank does not charge any prepayment penalties, which is excellent for those who can repay their loan sooner than expected.
Overall, Axos Bank is an excellent option for self-employed individuals in the US. It offers many services and features, an outstanding loan range and APR, and availability in all 50 states.
The only downside is the higher minimum credit score requirement, but if you can meet this requirement, then Axos Bank is an excellent option for taking a loan.
Pros and Cons of Axos Bank:
Pros | Cons |
Great maximum loan amount. | The minimum credit score requirement is high. |
The APR range is reasonable compared to others. | The minimum low amount is also high. |
Doesn’t require prepayment penalties. | Origination fees, late fees |
Quick and fast funding availability. | Joint loan is not available |
Available in all the 50 states of the USA. |
Requirements to get Loan from Axos Bank:
- Income requirement: It is not specific. But it is better to have disposable income of $1,000 or $1,000+.
- If you are co-signers or co-borrowers, you will not be able to get a loan.
- Your credit score should have to be at least 700.
How to contact Axos Bank?
- Phone: (888) 408-1781 (8 AM to 5 PM PT Mon-Fri).
- E-mail: businessbanking@axosbank.com or Log in to online banking to send a secure message.
- Address: 4350 La Jolla Village Dr, CA 92122, San Diego, United States.
2. SoFi
Ratings: | 4.5 out of 5 |
Fixed APR: | 7.99-23.43% |
Minimum credit score needed to qualify: | $680 |
Minimum loan amount: | $5,000 |
Maximum loan amount: | $100,000 |
Loan terms: | 12 to 84 months |
Fees: | None |
Average Origination Fee: | $0.00 |
Late Fee: | N/A |
Discounts: | – |
Eligibility: | Available in all the 50 states |
Customer service: | Phone, mail, secured message, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Debt consolidationHome improvement orOther expenses |
Min. Income: | $45,000 per year. |
One of the best loan options for self-employed individuals is SoFi. They offer a variety of loan options that are tailored to fit the needs of self-employed individuals.
SoFi has many great features, making it an excellent choice for self-employed individuals. One of the standout features is that there are no origination, late, or prepayment fees. This makes it an excellent option for those who want to save money.
Another great feature is the loan term. SoFi offers 2 to 7 years loan terms, which is much longer than other loan options. This is great for those needing a more extended loan repayment period.
SoFi offers joint loans so you can borrow with a partner or spouse. This is a great option for those who need to borrow a larger amount of money.
SoFi also has an unemployment protection feature, which is great for self-employed people who need a loan even if they are not working.
Pros and Cons of SoFi
Pros | Cons |
The minimum and maximum APR range is low compared to others. | Physical branch is not available. |
No origination Fee: | The minimum income requirement is $45,000 per year. |
Wide maximum loan amounts. | The minimum loan amount is high. |
Available in all the 50 states of the USA. | Joint applicants are not allowed. |
Customer service is awesome. |
Requirements to get Loan from SoFi
- The minimum credit score requirement is $680.
- The annual income requirement is $45,000.
- Co-signers and co-borrowers are permitted.
How to contact SoFi?
- Call: 855-456-7634.
- Mail: customerservice@sofi.com.
- Address: 375 Healdsburg Avenue, Suite 280, Healdsburg, CA 95448, USA.
3. Avant
Ratings: | 4.5 out 5 |
Fixed APR: | 9.95% – 35.99% APR |
Minimum credit score needed to qualify: | 550 |
Minimum loan amount: | $2,000 |
Maximum loan amount: | $35,000 |
Loan terms: | 12 months to 60 months |
Fees: | Origination fee |
Average Origination Fee: | 0.00% – 4.75% |
Late Fee: | $25.00 |
Eligibility: | Available in all states except NV NY, HI, IA, VT, WV, CO. |
Customer service: | Phone, secured message, mail. |
Soft credit check: | Yes |
Loan servicer: | Avant |
Loan uses: | Debt consolidationLife eventEmergency expenseHome improvement, and Other expenses. |
Min. Income: | $1,200 per month |
Are you here with bad credit? Avant is a great loan option to consider.
With its top-rated 4.5 out of 5 rating and loan amounts ranging from $2,000 to $35,000, it’s definitely worth looking into.
The minimum credit score requirement is also relatively low at 580; the loan term can be up to five years (60 months).
Plus, if you have any issues with your personal income source, you can use the income source of other family members. This makes it an even more attractive option.
And if that wasn’t enough, Avant also offers an easy-to-use mobile app with many features.
Unfortunately, Avant isn’t available in all states, but for those of you who are self-employed in the USA, it’s a fantastic option to consider.
So if you’re looking for the best loan options for self-employed people in the USA, Avant is definitely worth considering.
Pros and Cons of Avant
Pros | Cons |
The minimum credit score requirement is low compared to other companies. | Origination fee |
Applicants can use the income of other members of the family to qualify | Late fee |
Mobile app | Administrative fee |
Funding time is fast | Not available in all the 50 states of USA |
Requirements to get Loan from Avant
- The credit score has to be at least: 550.
- Monthly net income has to be at least: $1,200
- The DTI (Debt-to-Income) ratios has to be: 70% or less
How to contact Avant?
- Phone: 800-712-5407
- E-mail: support@avant.com
- Address: 222 LaSalle Street, Suite 1600, Chicago, IL 60601
4. Best Egg
Ratings: | 4.5 out of 5 |
Fixed APR: | 8.99-35.99% |
Minimum credit score needed to qualify: | 600 |
Minimum loan amount: | $2,000 |
Maximum loan amount: | $50,000 |
Loan terms: | 36 months to 60 months |
Fees: | Origination fee |
Average Origination Fee: | 0.99% – 8.99% |
Late Fee: | $15.00 |
Discounts: | Autopay |
Eligibility: | Loans not available in Iowa, Vermont, West Virginia or Washington, D.C. |
Customer service: | Phone, mail, secured message, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Debt consolidation, medical expenses, home improvements, relocation, weddings, and other legal purchases. |
Min. Income: | $100,000 or higher per year. |
With loans ranging from $2,000 to $50,000, Best Egg is a great option for the self-employed to consider.
If you want to take a small loan, Best Egg has a minimum loan amount of $2,000. The loan term for Best Egg is 3 or 5 years. This means you will have to pay the amount and the interest rate within the loan term.
Before applying for the loan, you must remember that the APR is 7.99% to 35.99% but may extend up to 35.99% in some cases.
The origination fee is 0.99% to 5.99%, and a $15 fee is for a returned payment.
Best Egg also provides a loan calculator to help you understand how much you must pay monthly. This is a great tool to get an idea of how much you will pay each month.
Another great benefit of Best Egg is that there is no prepayment penalty. This means you can pay the loan amount before the loan term ends without additional charges.
Pros and Cons of Best Egg
Pros | Cons |
High loan amounts. | Origination fee, late fee. |
Minimum credit score is comparatively affordable. | High APR rate. |
Free credit score access. | Not available in all the states of the USA. |
Both secured and unsecured loans available. | Mobile app is not available |
Requirements to get Loan from Best Egg
- The credit score should be: 600 or higher.
- The DTI (Debt-to-Income) ratio of applicants has to be under 30%.
How to contact Best Egg?
- Phone: 1-833-707-1226 (24/7).
- Mail: cardservicing@bestegg.com.
- Address: 3419 Silverside Rd, Wilmington, DE 19810, United States.
5. Happy Money
Ratings: | 4.5 out of 5 |
Fixed APR: | 7.99% to 29.99% |
Minimum credit score needed to qualify: | 640 |
Minimum loan amount: | $5,000 |
Maximum loan amount: | $40,000 |
Loan terms: | 24 months to 60 months |
Fees: | Origination fee |
Average Origination Fee: | 0%–5% |
Late Fee: | $0.00 |
Discounts: | – |
Eligibility: | Loans not available in all the states. |
Customer service: | Phone, mail, secured messages, and apps. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Credit card consolidation |
Min. Income: | Not specific, but requires 50% or less than 50% DTI ratio. |
Are you self-employed and need a loan? You’re in luck because Happy Money is one of the best loan options for self-employed people in the USA.
With the availability of credit card consolidation, Happy Money will be a great option if you want to take a loan between $5,000 and $40,000.
The APR rate of this bank is 7.99% to 29.99%, but it depends on the applicant’s credit usage, credit score, state of residence, credit history, and loan amount and term. This makes Happy Money great for those who have good credit and are looking for a competitive rate.
Another great thing about Happy Money is that late fees are not available. This means that if you’re running late on a payment, you won’t have to worry about being charged a late fee.
However, you should be aware that Happy Money does require origination fees between 0% and 5% of the total loan amount for several purposes. This is something to factor into your budget when considering if a loan from Happy Money is right for you.
The good news is that Happy Money doesn’t require returned check fees and prepayment penalty fees either.
Pros and Cons of Happy Money
Pros | Cons |
No late fee | High minimum loan amounts |
No prepayment penalties | Origination fee |
Easy-to-use app | Joint applicant is not available |
Fast and quick funding | Autopay discount is not available |
Requirements to get Loan from Happy Money
- Credit score should have to be at least 640.
- Requires applicant’s DIT ratio.
How to contact X?
- Phone: 1-800-878-0901.
- Mail: success@happymoney.com.
- Address: 21515 Hawthorne Blvd Torrance, CA 90503 United States,
6. LendingClub
Ratings: | 4.5 out of 5 |
Fixed APR: | 8.30% to 36% |
Minimum credit score needed to qualify: | 600 |
Minimum loan amount: | $1,000 |
Maximum loan amount: | $40,000 |
Loan terms: | 36 months to 60 months |
Fees: | Origination fee, late fee. |
Average Origination Fee: | 3% to 6% |
Late Fee: | 5% or $15.00 |
Discounts: | – |
Eligibility: | Available in all the 50 states of the USA. |
Customer service: | Phone, mail, secured message, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | consolidate debt, pay off credit cards at a lower rate, medical bills, and unexpected home repairs. |
Min. Income: | None. |
If you are self-employed in the United States and looking for the best loan options, you should consider LendingClub.
It is one of the top 10 loan options available for the self-employed, and it is available in all 50 states. This is great news as it gives you access to various loan options.
The minimum loan amount offered by LendingClub is $1,000, which is excellent if you want to take out a small loan. This makes it ideal if you are looking to fund a small business venture.
In addition to the minimum loan amount, LendingClub also charges origination fees and late fees. This is typical for most loan options, so knowing these fees before taking out a loan is essential.
However, it is essential to note that LendingClub does not require prepayment penalties, a bonus.
Pros and Cons of LendingClub
Pros | Cons |
No minimum income required to get a loan. | Origination fee, late fee. |
The minimum credit score is comparatively low. | Autopay discount is not available. |
The minimum loan amount is perfect to take low loans. | High APR. |
Allow joint applicants to take loans. |
Requirements to get Loan from LendingClub
- Minimum credit score should be 600.
- Single applicant’s DIT ratios have to be less than 40% and joint applicant’s have to be less than 35%.
How to contact LendingClub?
- Phone: 833-536-3639. (Monday to Friday: 5 am to 5 pm PT and Saturday: 8 am to 5 pm PT)
- Mail: payments@lendingclub.com.
- Address: 595 Market Street, Suite 200., San Francisco, CA 94105, USA.
7. Upgrade
Ratings: | 4.5 out of 5 |
Fixed APR: | 8.24% to 35.97% |
Minimum credit score needed to qualify: | 560 |
Minimum loan amount: | $1,000 |
Maximum loan amount: | $50,000 |
Loan terms: | 24 to 84 months |
Fees: | Origination fee, late fee. |
Average Origination Fee: | 1.85% to 8.99% |
Late Fee: | Up to $10 |
Discounts: | – |
Eligibility: | Every state of the USA except Iowa, West Virginia and Washington, D.C. |
Customer service: | Phone, mail, secured message, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Debt consolidationFinancing emergency home repairsMajor purchases. |
Min. Income: | None. |
If you are self-employed and looking for loan options in the USA, Upgrade is a fantastic option. It offers several benefits, such as low minimum loan amounts and other essential merits.
The minimum loan amount is only $1,000, with a maximum of $50,000, and the loan terms can range from 24 to 84 months.
Even though there is a high APR rate, origination fee, and late fee, there are no prepayment penalties.
The autopay discount is one of the great features of Upgrade. This rewards loyal customers who make regular payments on time. This means that you can get a discount on your interest rate when you set up an automatic payment from your bank account.
The payment flexibility offered by Upgrade is also an attractive feature. You can choose from various repayment options to tailor the loan to fit your budget.
You can also make additional payments without penalty or skip a payment if you have trouble meeting your repayment obligations.
Lastly, Upgrade’s user-friendly mobile app is another excellent feature that makes it a great choice for self-employed borrowers. It allows you to monitor your loan, make payments, and communicate with customer service.
Pros and Cons of Upgrade
Pros | Cons |
The credit score requirement is low. | Origination fee, late fee. |
Offers secured loans. | The maximum origination fee is high. |
Joint applicants are allowed. | The maximum APR is high. |
User friendly mobile app. |
Requirements to get Loan from Upgrade
- The minimum credit score has to be: 560.
- The maximum DTI (debt-to-income) ratio has to be: 75%.
- There is no specific requirement available for income.
How to contact Upgrade?
- Phone: 844-319-3909.
- Mail: support@upgrade.com.
- Address: Upgrade Inc. 275 Battery St. Ste 2300 San Francisco, CA 94111.
8. Upstart
Ratings: | 4.5 out of 5 |
Fixed APR: | 6.7%–35.99% |
Minimum credit score needed to qualify: | 600 or sometimes less |
Minimum loan amount: | $1,000 |
Maximum loan amount: | $50,000 |
Loan terms: | 36 to 60 months |
Fees: | Origination fee |
Average Origination Fee: | 0%–10% |
Late Fee: | 5% of the late payment amount or $15 |
Discounts: | – |
Eligibility: | Available in every state except West Virginia and Iowa. |
Customer service: | Call, message, mail, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Paying off credit cardsPaying off student loansStarting or expanding a businessPaying for college or grad schoolTaking a course and more. |
Min. Income: | $12,000 per year. |
Many famous companies only offer loans for business purposes and are not suitable for personal expenses such as education.
Thankfully, there is Upstart – a loan option specifically designed for self-employed individuals.
When it comes to credit score requirements, Upstart is definitely an attractive option.
The minimum credit score required is 300 or lower, which is much more lenient than other loan companies. This means that even if your credit score is not the best, you may still be eligible for a loan.
The minimum loan amount of Upstart is $1,000, which is perfect for those looking to take a small loan. This is great for covering tuition fees or other educational expenses.
Unfortunately, Upstart only offers loans to single applicants and not joint applicants.
The terms of the loan are also quite generous. You can choose a loan term of three or five years, and the interest rate is fixed, which means you will know exactly how much you owe and when it is due.
Overall, Upstart is an excellent loan option for self-employed individuals.
Pros and Cons of Upstart
Pros | Cons |
The minimum credit score requirement is low. | The maximum APR is high. |
Allow to spend loans on educational expenses. | The maximum origination fee is high. |
The minimum loan amount is affordable. | Requires late fee. |
Quick and fast funding. |
Requirements to get Loan from Upstart
- The credit score has to be 600 at least.
- The income requirement is $12,000 per year.
- Joint applicants are not permitted.
How to contact Upstart?
- Phone: 1-855- 438-8778.
- Mail: support@upstart.com.
- Address: Upstart Network, Inc., P.O. Box 1503, San Carlos, CA 94070.
9. LendingPoint
Ratings: | 4.4 out of 5 |
Fixed APR: | 7.99%–35.99% |
Minimum credit score needed to qualify: | 600 |
Minimum loan amount: | $2,000 |
Maximum loan amount: | $36,500 |
Loan terms: | 24–72 months |
Fees: | Origination fee |
Average Origination Fee: | 0%–8% |
Late Fee: | $0 |
Discounts: | – |
Eligibility: | Loans available in 48 states of the USA except Nevada and West Virginia. |
Customer service: | Phone, mail, secured message, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Consolidating debtpaying for a weddingfixing a car or remodeling a kitchen. |
Min. Income: | $35,000 per year. |
Self-employed individuals in the US often face difficulties getting a loan due to their irregular income. But, they can quickly get the desired funds with the right loan option.
One of the best loan options for self-employed individuals in the US is LendingPoint, which offers a quick and easy loan application process.
LendingPoint allows self-employed individuals to take a loan for various purposes such as home improvements, buying a car, consolidating debts, paying for braces, paying for a wedding, and taking a vacation.
It has a simple application process that requires minimal documentation, making it an ideal choice for those who don’t have time to go through the lengthy application process of traditional banks.
The best part about taking a loan from LendingPoint is that it doesn’t charge any late fee.
However, it does charge an 8% origination fee and 35.99% APR. Though these charges are much higher than traditional banks, it is still a good option for self-employed individuals who can’t get a loan from a bank due to their irregular income.
One of the drawbacks of LendingPoint is that it doesn’t allow co-signers or co-applicants to take loans.
Pros and Cons of LendingPoint
Pros | Cons |
The credit score is comparatively low. | Joint applicants are not allowed. |
No late fee. | Origination fee. |
Doesn’t require prepayment penalties. | The maximum APR is high. |
Requirements to get Loan from LendingPoint
- The minimum credit score has to be: 600.
- Co-signers and co-borrowers are not allowed.
- The annual income requirement is: $35,000 or higher.
How to contact LendingPoint?
- Phone: (888) 969-0959.
- Address: 1201 Roberts Blvd., Suite 200, Kennesaw, Georgia 30144.
10. Prosper
Ratings: | 4.2 out of 5 |
Fixed APR: | 6.99-35.99% |
Minimum credit score needed to qualify: | 600 |
Minimum loan amount: | $2,000 |
Maximum loan amount: | $50,000 |
Loan terms: | 24 months to 60 months. |
Fees: | Origination fee, late fee. |
Average Origination Fee: | 1% to 5%. |
Late Fee: | 5% of monthly payment or $15 |
Discounts: | – |
Eligibility: | Loans not available in IA, WV or U.S. territories. |
Customer service: | Phone, mail, secured message, and app. |
Soft credit check: | Yes |
Loan servicer: | – |
Loan uses: | Debt consolidation and Pricey home improvement projects. |
Min. Income: | None |
Prosper offers a wide range of loan options and fast funding processes. It also doesn’t charge any prepayment penalties, which makes it an attractive choice for self-employed individuals.
The customer service at Prosper is also one of the best in the industry. They are incredibly knowledgeable and helpful and will answer any questions about the loan process.
Plus, if you have any issues with the loan, Prosper has a dedicated customer service team that can help you.
Another great thing about Prosper is that it allows co-borrowers and co-signers to take out loans. This is great for self-employed individuals who may not have the best credit history.
It also allows you to expand your loan range to borrow more from Prosper.
However, if you take a loan from Prosper for the first time, you must have a DTI (Debt-to-Income ratio) lower than 50%. This is important to ensure you can make all your payments on time and pay off the loan without any problems.
Overall, Prosper is one of the best loan options for the self-employed.
Pros and Cons of Prosper
Pros | Cons |
Low minimum credit score compared to others. | Origination fee, late fee. |
Doesn’t require prepayment penalties. | The maximum APR is high. |
Allow co-signers and co-borrowers to take loans. | The repayment terms are limited. |
The online experience is good. | Autopay discount is not available. |
Requirements to get Loan from Prosper
- The minimum credit score has to be at least: 600.
- Doesn’t require an income rate.
- Co-signers and co-borrowers are available.
- Debt-to-income (DTI) ratio has to be 50% or less than 50% and more.
How to contact Prosper?
- Phone: 866-615-6319. (Monday to Friday: 9 AM – 8 PM (ET) and 6 AM to 5 PM (PT).
- Mail: support@prosper.com.
- Address: Suite 300, 221 Main Street, San Francisco, California, 94105, USA.
Wrapping Up
Well, that’s it! We’ve provided a comprehensive overview of the 10 best loan options for self-employed people in the USA.
No matter your loan purpose or income, there’s an option out there that’s tailored to your needs.
All you need is to pay attention to APR, late fees, and other vital information before deciding.
Hopefully, this content was able to help you out and make your loan shopping a bit easier! Good luck!
Frequently Asked Questions (FAQs)
Can you get a personal loan if you are self-employed?
Yeah, there’re plenty of choices if you’re self-employed and need a personal loan. Axos Bank and SoFi are great options, as are other top-rated companies/banks. They provide personal loans with plenty of perks.
How to get a personal loan when you’re self-employed
Self-employed individuals can get a personal loan by providing proof of income, such as tax returns, bank statements, and financial documents. Additionally, lenders may require collateral or a co-signer to ensure loan repayment. Applying for a loan online or with a bank or credit union is the best way to secure a personal loan as a self-employed individual.
What documents do you need to provide for a loan when self-employed?
Documents you need to provide for a loan when self-employed:
- Proof of income (such as tax returns, bank statements, and financial statements)
- Proof of identity (such as a passport, driver’s license, or other government-issued ID)
- Business plan (if applicable)
- Personal financials (such as credit reports, asset statements, and debt information)
- Proof of Self-Employment.
- Bank Statements
- Credit Report
What are the best rates and terms for self-employed personal loans?
The best rates and terms for self-employed personal loans will depend on your credit score and other factors. Generally, the best rates and terms are available to those with excellent credit scores and a solid financial history. Generally, self-employed borrowers can expect to pay higher interest rates than those with traditional employment, but it is still possible to get competitive rates and terms.
Can you get a personal loan without proof of income?
Yes, it is possible to get a loan without proof of income. However, lenders may have stricter requirements, such as a higher credit score or a large down payment. Also, interest rates may be higher, and the loan amount may be limited.