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Self-certified Loans

By granting the self-employed borrower any amount on a loan, the lender is risking the loan amount and the certainty of it being repaid. The self-certified loan can be granted to a self-employed business owner with no regard as to whether or not he has certified accounts or no proof of income.

Self employed people can not readily produce any documents to support their income totals, so they may not be seen as a favorable recipient of a loan.

Self-certified loans allow or enable you to declare your current or expected level of income without financial documents and they are not combined with any proof of income for the purpose of arranging loans or mortgages. You will just have to make a declaration of your intent to repay the loan on time in a signed statement.

Self-employed borrowers usually have to provide documented proof of their income of two or three years to show that they can repay the loan.

Self-certified loans are specially designed to cater to people who do not have audited income proof because it can be difficult for a self-employed person to provide documented proof. In order to find out if you can afford to borrow the loan, you can receive a free quote before you actually apply for the loan and you can utilize the helpful provision of self-certification of your income to borrow the amount you need.

Self employed borrowers can choose a secured self certified loan as a way to offer more credibility to the lender. The self employed person may have more restrictions on the types of collateral they can use as they are unlikely to be covered for unemployment unless they cease to do business.

A debt consolidation loan can be a useful tool of self employed people to combine their debts together and get rid of their bad debts. A debt consolidation loan can include home improvement loans used to totally redo the home, a new car loan, a get away home or a poor credit loan.

A self certified loan could be available when you are self-employed, and you seem to be having a difficult time proving how much your income is.

You can enjoy the similar benefits in the terms of the loan rate as an employed borrower may, since you can self certify your income. If you have the equity to borrow with a self certified loan, the cash to do whatever you want can be the end result. It may be possible for you to pay off all of your credit card bills and left over utility bills and possibly take a bit of time to take your spouse somewhere special and relax.

The chance to obtain needed cash without providing proof on their income, through the use of the self certified loan is an important option for the self employed business owners.