Self-Employed Loans | Online Loans from $2,500 to $10,000

The Dream of Working Australians

The appeal of being self-employed is becoming increasingly evident; within a world of 9-5’s, some flexibility can look very attractive. Imagine this, working on what you like, choosing your hours, calling the shots and bringing home the ‘big bucks’. Sounds nice, doesn’t it. Unfortunately, this ideal doesn’t hold up to much scrutiny. Not only are self-employed individuals likely to work significantly more hours, but, they also have the added stress of keeping both the business and themselves a-float. Add in the difficulties of market prediction and resource management and, it’s no wonder only 16.3% of working Australian’s are self-employed.

Self-Employed Loans

Now, this isn’t to say being self-employed is a bad thing, far from. It is no secret that Australian businesses act as the backbone for our economy. If you’re an aspiring entrepreneur or a seasoned sole-trader contributing to this, we think it’s nothing but admirable. It is because of this that we do not shy-away from self-employed applicants looking for a loan, where some other lenders might. With this said, though, we do have some additional rules for self-employed loans, which we will touch on later.

So, what defines a self-employed Australian?

Firstly, self-employed Australians are defined as individuals who work for themselves. Under their self-employment their income is dependent on the profit of a service or good they provide. Triumphs of the entrepreneurial types and business owners typically inspire us. However, when it comes to borrowing money, self-employed Australians can face difficult obstacles set by other lenders. On the surface, it may seem unfair that self-employed individuals can find it harder to get personal finance, though, it is reasonably self-explanatory when looking at the determining factors.

Nifty’s top 5 self-employed loans

As we just mentioned, Nifty does not offer loans to businesses, which includes credit for business costs (just yet anyway). We can, however, offer personal self-employed loans. These are different as they are only to be taken to cover the personal expenses of an applicant. The best news? Personal loans can be used for almost anything!  Take a look at our five most popular self-employed loans:

Car Repairs

Because everyone runs into car troubles. If you are self-employed and need some extra cash for car repairs, look no further than Nifty!

Dental

Toothaches seem to come at the worst times, right? Get your butt into the dentist’s chair with a Nifty loan!

White Goods

Or anything furniture/appliance-related, really. Secure that T.V. through Nifty.

Rental Bond

From moving trucks to cleaning; first weeks rent to rental bond. We got you covered.

Holiday

Even if you’re the boss, holidays are a necessity. Your next trip could be financed through us!

The Nifty difference

With Nifty loans, you can forget digging through mountains of paperwork and endure endless photocopying. Nifty doesn’t treat employed or self-employed applicants too differently. We don’t punish self-employment with hefty paperwork; we simply require our applicants to be receiving a regular income into a personal bank account for at least three months. Forget gathering all your financial records, as long as you can prove your income is to be consistent and ongoing; you’ll be as good as gold!
Self-employed loans, what are the options?

For those looking for self-employed loans, Nifty offers two different personal loan types; Medium and Large loans. As mentioned previously, they can be used for practically anything! Think self-employed loans for home renovations, education and medical expenses; Nifty has it all!

For the larger variants, you’ll likely need to provide some sort of security, whether you’re employed or self-employed. Though, providing an asset as security can also greatly increase your chances of approval! If you don’t mind attaching your car to the loan, this could be something to consider. For some reference, shown below is a break-down of the offered loan types and their respective loan amounts:

Medium Personal Loans Secured $2,500 – $4,600
Large Personal Loans Secured $5,000

If you would like an overview of the costs associated with each type, scroll up and have a look at our loan calculator. This tool offers a rough insight into the value for each of our loans. You can also find more detailed information on our costs page. So, whether you’re looking for a large loan or a small one, Nifty provides the options to suit your needs. Have you struggled with a self-employed loan previously? Apply with Nifty, and you can have confidence in knowing you’ll get a fair go!

What you need to apply

There are no endless forms to complete, accompanied by mountainous paperwork. We believe in a simple, painless small loan experience. And that’s the Nifty difference when it comes to self-employment applicants. If you’re looking for a self-employed loan, you will need to meet the following requirements before you apply:

  • Be at least 18 years of age
  • Are an Australian citizen or permanent resident
  • Are receiving a regular income for a minimum of three months
  • Has internet banking active
  • Are getting paid into a personal bank
  • Have an active mobile number and email address

Navigating the course of self-employment can be tricky, especially with traditional lenders, making it tricky to borrow small loans. Always remember there is always another way when it comes to financing, you just have to search for it!

Keep in touch!

If you own your own business, you could apply for a small business loan with Nifty. If you have unanswered questions about our service, you can head to the FAQs page and see if the answer is waiting for you. Want more of Nifty Loans? Great! Follow us on PinterestInstagramTwitter and also keep up to date with the latest personal finance and lifestyle trends via our blog.