Self Employed Loans

Self employed and looking for a loan? Get intouch today

At People First Finance, we understand the unique challenges faced by self-employed workers when seeking loans. Traditional lenders often require extensive documentation to approve loans, which can be daunting for self-employed individuals who may not have the conventional paperwork readily available. Whether you're based in Prospect, South Australia or anywhere else in the country, our services are designed to help you access self-employed loan options from banks and lenders across Australia. We specialise in offering both full doc and low doc loans tailored to suit your financial situation and help you achieve your goals, such as buying a property or refinancing.

Self-employed individuals can often find themselves at a disadvantage when dealing with banks due to their unique income structures. This is where our expertise as finance and mortgage brokers becomes invaluable. We work with a broad network of lenders to secure loans that fit your circumstances. Full doc loans might be an option if you have your tax returns and financial statements in order. However, for those who find it challenging to provide traditional documentation, low doc loans could provide a viable alternative. These loans allow borrowers to utilise a streamlined application process wherein you can self-verify your income by signing a declaration and provide supplemental documents such as BAS statements, bank statements, or an accountant’s letter to validate your income.

Interest rates are a crucial factor when considering loan options. Whether you're looking at a fixed interest rate loan or a variable interest rate loan, understanding the dynamics can significantly impact your borrowing capacity. Variable loan rates can fluctuate with the market, potentially giving you lower payments when rates fall. Conversely, a fixed interest rate provides stability with consistent repayments, making budgeting seamless. At People First Finance, we strive to negotiate the best interest rate discounts based on your credit history and financial situation. We evaluate your loan-to-value ratio (LVR) and other financial indicators to determine the most favourable terms for you.

Our expertise goes beyond simply securing loans; we also assist with the application process. For those applying for a low doc loan, our team simplifies the often complex procedures involved. From collecting the necessary bank statements to ensuring you've got the right documentation to satisfy the lenders' criteria, we accompany you every step of the way. Additionally, we help you understand costs such as stamp duty and other fees that might affect your loan amount and overall affordability. Calculating loan repayments becomes straightforward with our guidance, providing you with a clear picture of your financial commitments and helping you plan effectively in the competitive property market.

We invite you to explore the opportunities that await with People First Finance. Our dedication to personalised service means we're here to support you, understanding that every client's needs are as unique as their entrepreneurial spirit. Reach out today to discuss your options with our professional finance and mortgage brokers. Let us help simplify your journey towards achieving greater financial freedom, whether that's through accessing self-employed loan options locally in Prospect or anywhere across Australia.