Self-Employed Loan2023-08-01T16:49:33+10:00


Speak to our specialists
for self-employed loans

Everyone’s situation is different. With self-employed applicants, whether you are a sole trader or have a company, there are only a select amount of lenders available. Fortunately, Simplify Finance has over 50 different lenders in our network and we have helped many self-employed applicants achieve home loan success. If you’re looking to buy a home or switch your loan, contact us to speak more about your own situation – we can help make an assessment of what suitable mortgages will be available to you.

How much can I borrow?

of the property value with one or two year’s tax returns.
of the property value with minimum income verification.


Let’s get your finances in order!

To provide you with a guide to how much you may be able to borrow, try our ‘borrowing power’ calculator. This considers your estimated income and expenses to determine an indicative maximum loan amount, to help you with your property search.

View all calculators

Why choose Simplify Finance?


Looking for an answer?

What is a self-employed loan?2023-07-31T10:19:22+10:00

Self-employed loans are loans that are specifically designed for people who are self-employed. This means that you are not employed by a traditional employer, but rather you run your own business. Self-employed loans can be used for a variety of purposes, such as buying a home, starting a business, or consolidating debt.

What do I need for a self-employed loan?2023-07-31T10:23:52+10:00

The requirements for a self-employed loan will vary from lender to lender, but some common requirements include:

  • Two years of business history
  • Adequate income to support the loan payments
  • Good credit history
What types of self-employed loans are there?2023-07-31T11:20:16+10:00

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.

What are the benefits of a self-employed loan?2023-07-31T10:40:04+10:00

There are a number of benefits to getting a self-employed loan, including:

  • Access to a wide range of lenders
  • More flexible terms and conditions
  • The ability to use the loan for a variety of purposes

For more detailed information on self-employed loans tailored to your circumstances, get in touch with us.

What are the drawbacks of a self-employed loan?2023-07-31T10:53:23+10:00

The main drawback of a self-employed loan is that the interest rates may be higher than for traditional loans. This is because self-employed borrowers are considered higher-risk individuals. Lenders require more documentation to determine the risk of these borrowers defaulting on their loans, likely resulting in a longer application process.

How do I apply?2023-07-31T11:08:53+10:00

The first step in applying for a self-employed loan is to book a call with us. Simplify Finance assists you in the planning and application process. Our initial phone call involves a discussion about your financial capacity and goals to determine the next steps. We simplify the the journey, doing the research to find the best solution for your circumstances.