Van Loans For Self Employed People
If you are self employed and need a loan to buy a van then we can help. Our experts understand that often self employed people find it more difficult to raise finance or to get the loan they require at a good rate. However we have direct access to a range of lenders who are willing to provide cheap van finance to self employed people.
This provider is our Expert’s Choice in its category as it won tops marks for the following.
- EXPERTISE & KNOWLEDGE
- CUSTOMER SERVICE
Learn more about how we review and assess the providers here on Lending Expert.
£1,000 - £75,000
1 - 5 Years
We make the whole process hassle-free & provide the customers with a helping hand throughout. Our aim is to get the best possible finance deal for our customers, whilst providing an efficient service of the highest quality.
We pride ourselves on the fact that we can help customers in varying financial circumstances, including those that have been refused elsewhere for bad credit, CCJs, defaults and arrears. We're confident that we can find the right car loan for them.
Don't just take our word for it either, 94% of all customers recommend us* with our service receiving 100% positive ratings.
Is getting a loan more difficult when you're self employed?
Getting a loan when self employed either as a company director or a sole trader can be more challenging.
Often, the lenders proof of income requirements are more indepth such as the requirement for HMRC SA302 forms and further backround checks on your business and it's profitability. If you are looking to take out a larger homeowner loan for example, often it is an advantage to use a broker who can help you collate the neccessary forms and requirements to the lender needs.
Will I pay a higher interest rate on my loan?
No, there is no reason why you wont be eligable for the best rates while self employed. This is assuming you have a good credit rating and no history or missed payments or issues that may be present on your credit report. If you are in doubt then it is quite simple to sign up to one of the many free credit reporting agencies to further undertstand your credit report.
Can I get a loan without proof of accounts?
No. Lenders will need proof of your income to ensure that you can afford the loan repayments. These may either be in the form of SA302 documents from HMRC or you business accounts. Some lenders may also ask for details of your accountant so that they can verify any income claims.
Can I get a loan if self employed with bad credit?
Yes. There are lenders who will consider applicants with a lower credit score or a history of bad credit. Each lender will have their own requirements. If you are unsure they a loan broker can help place your application with the right type of lender who is more likely to accept your loan application.
Can I get a self employed loan with no credit checks?
No. All lenders will require you to have a credit check to ensure your credit worthiness and suitability. However there are a range of lenders who accept those with bad credit and who are self employed.
I am a pensioner and self employed, can I still get a loan?
Yes. There are a range of lenders who accept applications from pensioners who are both self employed and over the ages of 60, 56, 70 and 75 and beyond.
Can I get a self employed loan for my business?
Yes. There are many lenders who offer loans for business purposes. This may be for sole traders or directors who wish to take out a loan for their limited (LTD) company.
Can I get a loan while working part time?
If you are self employed and working reduced or part time hours then this will not effect your ability to get a loan assuming your income needs are enough to cover the loan repayments. The lender will access the affordability of the loan while taking onto consideration your earning ability and expenses.
Can I get a loan without a credit check?
No. All unsecured lenders require a credit check to check your creditworthiness. They will also check your file to see if you have any other outstanding credit issues, missed payments or CCJ's.
Can I take out a buy-to-let secured loan while working self employed?
Yes. There are many second charge lenders who are willing to offer secured loans on buy to let property. If you are self employed and require a secured loan on your BTL then this should not be a problem as long as you can provide adequate proof of income.