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Loans for Self Employed People
Personal Loans up to $10,000
Money in your bank account and ready to use in 60 seconds once approved*(1)
Are you self employed and seeking finance
Need loans for self employed? You’ve come to the right place! So, when you need speedy cash, why not turn to the experts. Jacaranda could have an outcome for you in 60 minutes if you apply during AEST business hours!
As we are well and truly into the 21st century and in a generation run by millennials, old trends and tradition are slowly changing to become more modern. One thing that is quickly adapting is the work ethic that many Australians are adopting. Workers are now more interested in more flexible hours and other experienced-based incentives. The ability to work from home is also a huge drawcard for many Australian employees. One way to have all of this is to start your own business. Jacaranda could even provide financing for farm loans!
You can work your own hours and base your office anywhere you like. You don’t even have to put in for leave everytime you want a day off. It really is the most ideal work situation… given you’re actually making money. Speaking of money, sometimes getting a loan while self employed can prove to be rather difficult. Some lenders won’t accept your application if your income isn’t from an external source. Not us! Our loans for self employed mean that you can get access to the finance you need. No matter who pays your wages.
What are loans for self employed?
A personal loan for self employed provides budding entrepreneurs with the funds they need to get on with running their business. They are essentially just personal loans for self employed individuals that allow people to obtain easy and affordable finance that they might not be able to get from more traditional lenders.
Our loans for self employed range from $300 to $10,000. They could be exactly what you need to get your business off the ground. Whether you’re needing to cover some business expenses, you need unexpected bills loan, medical loans or it’s only office furniture you’re needing to replace, a personal loan for self employed from Jacaranda Finance will have you covered! Furthermore, as a self employed worker, you don’t get the luxury of paid holidays. So perhaps you need to apply for travel loans or holiday loans to get that break you so badly deserve!
How do I apply for loans for self employed?
Applying is easy! As our services are 100% online, the application process couldn’t be any more simple! You just use the loan calculator at the top of this page to enter the amount you’re wanting to borrow. Then, select your desired repayment period between 12 and 24-months. We’ll then tell you how much your repayments will be on a weekly, fortnightly and monthly basis. This is so you can know straight away if the amount you’re wanting to borrow is going to be affordable for you.
Once you’re happy, simply click Apply Now and you’ll be taken to our easy application form. All you need to do is fill out all required information, submit any applicable documents and then click Submit. It really is that easy! Once you’ve submitted your application, if you have submitted it within business hours, we’ll let you know if you’re eligible to apply for a loan as quick as possible. We know that your time is important, therefore we never want to waste it.
If you do meet our initial criteria to apply for a Jacaranda loan, it should only take us about 60-minutes assess your application during our business hours. We may ask you for some additional documentation but once we have everything we need, we’ll get back to you straight away with an offer. Just keep in mind that, if you apply for your personal loan for self employed outside of our normal business hours, it will take us a little longer to assess it. You’ll likely hear from us before about 10 am of the next business day.
Our normal business hours are:
- Monday to Thursday: 8 am – 6 pm;
- Friday: 8 am – 4 pm;
- Saturday: 8 am – 12 pm.
When can I expect to receive my loan?
Once we have approved you, we’ ‘send you a loan contract. We’ll then send you your loan contract for you to read over, sign and send back. Once we have received your signed loan contract, we’ll transfer your loans for self employed to a nominated bank account. The amount of time it takes for those funds to reflect in your bank account will depend on the policies of the bank you are with.
Some of our clients receive their funds within a couple of hours and some will receive them the following business day. If you don’t receive your funds within 24-hours (the next business day) we suggest getting in touch with your bank.
Am I eligible for loans for self employed?
As a responsible lender, we do have some standard eligibility requirements in place to ensure you are able to repay your loans. To qualify for personal loans for self employed individuals, you must be:
- 18 years of age;
- An Australian citizen or permanent resident;
- Receiving a regular and consistent income for the last 90 days;
- Able to provide a valid mobile number and email address.
You must also have internet banking in order to complete your application.
Why do you ask for my internet banking details?
If you have applied for loans for self employed with us before, you will know that we ask you to provide us with your internet banking credentials. We ask you for these details so that our secure system can obtain your bank statements. This allows us to look at the last 90-days of read-only copies of your bank statements in just seconds. As soon as you enter your credentials our system will grab your statements for us to assess and then your details will be deleted from our system straight away.
The reason we obtain your financial information this way is so we can get a much more accurate representation of your overall financial situation. This is the reason we’re able to offer personal loans for self employed individuals. That’s because we don’t look at the source of your income, we just look at how much you are earning, your spending habits and overall relationship with money.
Therefore, you could be getting paid from an employer, Centrelink or your own business: it doesn’t matter to us. Even if you have bad credit, you can still apply! As long as we can see that your income is consistent and you have a healthy relationship with your finances, we may be able to approve you for one of our loans for self employed in half the time of traditional lenders.
What types of loans for self employed do you offer?
At Jacaranda Finance, we offer three types of personal loans for self employed individuals. These are:
||$300 to $2,000
||$2,001 to $4,600
||13 to 24 months
||$5,000 to $10,000
||13 to 24 months
If you are applying for medium or large secured personal loans, you will need to attach your car, motorbike, boat or caravan to your loan for security. When filling out your application, we’ll also ask you to provide us with the registration number of the vehicle, photos that clearly show its condition and number plate, and your certificate of ownership.
What are the benefits of getting loans for self employed from Jacaranda Finance?
Our application will be the easiest thing you do all day! The whole process will only take you a few minutes to complete and that’s the hard part over. Once you’ve submitted your application you can relax and get back to your day while we work hard to put together the most suitable offer for you. No paperwork, no long wait times, no hassle! You can get back to running your business in no time at all.
Getting a loan while self employed has never been so simple!
We know how frustrating playing the waiting game can be. Therefore, we strive to be one of the fastest money lenders in the country. With 60-minute outcome times during business hours and fast cash straight to your bank, you’ll wonder why you haven’t applied for loans for self employed with us before!
As we said before, you won’t need to print off any documents or mail anything through when applying for your loan. Everything is done online, even your contract. It’s an electronic contract which means that once you’ve read through it properly you just sign it electronically and email it back to us. It’s as simple as that. As our services are 100% online, it will take you half the time and half the effort to complete the whole application process, compared to banks and other traditional lenders.
We’re completely transparent
With us, what you see is what you get. This means that there are no hidden fees whatsoever when it comes to the costs and charges associated with our online cash loans. We can guarantee that you will never be faced with a fee that hasn’t already been disclosed in your loan contract.
Our unsecured personal loans for self employed individuals cost a 20% establishment fee and a 4% monthly fee. A medium secured personal loan costs a $400 establishment fee and an annual percentage rate of 48%. A large secured personal loan has no establishment fee, and has an annual percentage rate 21.24%. You will also be charged a $35 dishonour fee for all three types of loans if you fail to make a payment. But that’s it! No hidden fees, no hassle!
You can apply wherever, whenever
As we are completely online, you can submit an application from wherever you are in Australia, at any time. If you’ve reached the 11th-hour and an unexpected business expense pops up, jump on to our website and submit an application! We’ll be able to approve it as soon as we’re back in the office with no sweat off your back!
They will save you in times of emergency
If you’re in a real financial crisis and you’re cutting it fine with your expenses, our loans for self employed will be the saving grace you need to get yourself out of a bind. With fast outcome times and fast cash straight to your bank, you won’t even have time to reach full panic mode before your bills are paid and your stress has gone away. Whether your car has broken down, you broke your phone, you’ve got a dental emergency or your dog is sick, we can help to soften the blow. Yes, even if you’re self employed!
The repayment process is as simple as they come
Before you sign your electronic contract, one of our lovely customer service attendants will ask you to select a day – either weekly, fortnightly or monthly – in which you’d like the payments to come out. We always suggest setting this day in line with your pay cycle so you always have money in your account. Then, we’ll organise for the money to be directly debited out of your account on that day for the life of your loan.
You won’t need to remember to make a payment or even have to think about them at all. The money will just come out automatically. Then, once your loan has been paid off, the payments will stop automatically so you don’t need to worry about organising that yourself. We’ll do it all for you.
It won’t cost you to pay off your loan early
If you decide you want to throw some extra money on your payments to pay out your loan early, we won’t charge you to do so. Many lenders charge early exit fees so they don’t miss out on that interest, but not us! It won’t cost you a thing to pay your quick loans off early. In fact, you’ll end up saving money on interest and monthly fees! We’ll always encourage our clients to pay out their personal loan for self-employed as quickly as possible, without hindering their financial situation, of course.
4 Easy ways you can pay off your loan early
If you’re considering paying your personal loan sooner than its term, you will end up saving money on your interest and monthly fees! Depending on the size of the loan, whether you’re given a repayment period of 9 months or 2 years, there are easy ways you can pay off your loan early. While it’s always beneficial paying off your loan early, it’s best to ensure you’re not hindering your financial situation in any possible way during the process. If you’re confident with your current financial situation and want to relieve the financial pressure of a loan, here are 4 easy ways you can pay off your loan early:
- Make additional payments. There are several lenders who will charge you for making any additional payments, however, we won’t charge you anything! If anything, we will always encourage you to pay off your loan faster and save money on interest and monthly repayments. If you’ve had a pay rise, tax refund, or work bonus, consider taking a fraction of that amount and paying down your loan. However, as we mentioned before, don’t push yourself to make any additional payments if it will cause more financial pressure.
- Increase repayment amounts. If you’ve had an increase in your income and want to pay off your loan early, consider increasing your repayment amount or simply rounding them up. Whether you’re significantly increasing the amount or rounding up, you’ll notice an immediate decrease in your loan term. Essentially, the less you owe, the less interest you pay, so every dollar counts.
- Increase repayment frequency. Another easy step that can help pay off your loan early is to increase your repayment frequency. Just like increasing your repayment amount, we won’t charge you any additional fees for increasing your loan’s repayment frequency.
- Make lump-sum payments. If you believe you won’t be able to keep up with increased repayments, consider making large lump sum payments throughout your loan term. It might be best to make such payments when you receive a bonus or tax refund. This method can significantly reduce your loan term and help you pay it off early.
What if I have more questions?
Easy! If you, after reading this, you still have some unanswered questions, don’t stress. You can head to our FAQ page on our website to find the answers you are looking for. Alternatively, you can get in touch with us via our website or our Facebook page.
So, what are you waiting for? If you are self employed and need to borrow money, look no further! Scroll up to the top of this page and get started with your application for your loans for self employed! Apply today and find out how easy things can really be!
Want to know more about the best personal loans around? Jacaranda has the low down on same day loans for bad credit and loans for home improvement