Learn all about the loans available for self-employed people.
Best UK Loans for Self-Employed People
Best UK Loans for Self-Employed People: FAQs
Can You Get a Self-Employed Loan?
There are personal loans for self-employed workers to help for business purposes. There are three types of loans you can apply for a secured loan, an unsecured loan and a guarantor loan.
How Much Can I Borrow as Self-Employed?
If you’re applying for a loan and you’re self-employed, the amount you can borrow will depend on the type of loan you take out and your credit history. However, typically, self-employed loans range from £1,000 up to £500,000. You can get loans with a higher lending amount, but these usually require owned property as collateral.
What Does It Mean to be Self-Employed?
Self-employed means you work for yourself as a freelancer or sole trader; you don’t work for an employer. You run your own business and hold sole responsibility for its success or failure.
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