Here are some of the different types of self-employed loans available in Australia:
- Specialist self-employed loans: These loans are specifically designed for self-employed borrowers and they may have more flexible terms and conditions than traditional loans.
- Low doc loans: These loans are designed for borrowers who may not have all the documentation required for a traditional loan. They may have higher interest rates than other types of loans.
- Peer-to-peer (P2P) loans: These loans are made between individuals, rather than through a bank or other financial institution. They may have lower interest rates than traditional loans, but they may also have higher fees.
- Business loans: These loans are designed for businesses, but they can also be used by self-employed borrowers. They may have more flexible terms and conditions than traditional loans, but they may also have higher interest rates.
To find out which loan works best for you, it is important to speak to us to receive tailored advice for your individual circumstances.