Taking a loan for a person who is on job is not a difficult task. He or she may get the cash loans from his or her employer or may even easily apply for some help. The first thing that all lenders ask for is the income statement or salary statement. Showing such statements is not a difficult task for them. But what about those people who do not have any job but are self employed? To help them we have created loans for self employed.
Loans for self employed are actually small loans designed for the people who are not on any job. These loans help them in raising cash to meet out any urgency. The cash raised may be used for both business as well as personal use.
The amount of such loans is mainly small. It may be around 1000 pounds. This amount is granted for a period of few weeks only. This is the time till a person can use the loan amount and after it, he or she has to repay the debt borrowed.
Presently these loans are only offered to the people living permanently in UK. Such persons should have reached an age of 18 years before they may apply for such loans. They should also have a valid bank account in any bank of UK. It is this bank account which will be credited by the loan amount once it is approved.
These loans can also be applied online. This is the best way to get credit. Here a borrower has to just fill in an application form available on the website of the lender. Applying online has another advantage. As a borrower you may also compare the rates of different lenders available in the market and may select the best for the loan.