Secured Self-Employed Loans - Loanable | Secured Loan Specialists

Best Loan Rates For December 2023

Understanding Self Employed Loans

A Self-Employed Secured Loan from Loanable is a bespoke financial solution, created specifically to cater to the unique requirements of self-employed individuals. These loans are backed by your property and can provide a practical financial answer for those who find it challenging to acquire assistance elsewhere due to the unique nature of their income.

Here’s why our Self-Employed Secured Loans might be your ideal choice:

  • Personalised and Manageable: Being self-employed means your income may fluctuate and can be less predictable. We understand this and aim to make your loan management less stressful. Our loans range from £10,000 to £1 million, helping you finance your needs with regular repayments tailored to your unique situation.

  • Flexible Terms: Every self-employed individual has a different financial situation. Hence, our repayment periods are flexible, varying from 3 to 30 years, allowing you to choose a term that fits your circumstances best.

  • Supporting a Range of Needs: Whether you’re planning business expansion, debt consolidation, home improvements, or fulfilling personal goals, our secured loans for self-employed individuals can help you achieve your objectives.

  • Informed Lending Decisions: At Loanable, we don’t focus solely on income stability. We consider your complete financial situation. So, even with the irregular income common to self-employment, you could still qualify for a Loanable secured loan.

  • 100% LTV Products Available: If you need a substantial loan that covers a significant portion of your business costs, we’ve got you covered. We offer loans up to £1 million to cater to your business’s financial needs.

At Loanable, we’re not just about providing loans. We’re committed to supporting you on your financial journey, with an experienced team ready to assist every step of the way. With our Secured Loans, we aim to turn your financial aspirations into a reality.

The Benefits of Choosing Loanable Self Employed Loans

At Loanable, our goal is to support you throughout your financial journey, tailoring solutions that accommodate the flexible nature of self-employment. Our self-employed secured loans offer numerous advantages, giving you the means to manage your financial obligations with confidence.

  • Ease of Financial Management: Balancing irregular income with financial obligations can be challenging. Our self-employed secured loans present a solution to this problem. By consolidating your financial needs into a single, regular payment, you can simplify your finances and handle your financial commitments more effectively.

  • Flexible Repayment Terms: We recognise that self-employment can bring fluctuations in income. With repayment terms ranging from 3 to 30 years, we offer flexibility for you to choose a repayment period that aligns with your earnings pattern.

  • Holistic Financial Assessment: At Loanable, we consider your overall financial health, not just your income consistency. We understand the unique financial landscape of self-employment and make lending decisions based on a comprehensive understanding of your financial situation.

  • No Initial Credit Checks: We understand that applying for a loan can feel daunting, especially if you’re concerned about the impact of a credit check on your credit score. That’s why we don’t perform initial credit checks. Instead, we evaluate your overall financial health to make informed lending decisions.

Choose Loanable’s self-employed secured loans for a flexible and understanding approach to lending that suits the dynamics of self-employment.

Secured Self Employed Loan Use Cases

Our self-employed secured loans cater to a variety of situations, offering flexibility that aligns with the dynamic nature of self-employment. Here are a few common examples where a secured loan from Loanable could be the ideal solution:

  • Business Investment: Whether you’re looking to invest in new equipment, upgrade your workspace, or expand your operations, a self-employed secured loan can provide the necessary funding. Tailored to your needs, our loans can help you elevate your business to the next level.

  • Cash Flow Management: The irregularity of self-employment income can sometimes lead to cash flow issues. Our secured loans can provide a financial buffer, helping you manage operational expenses during slower business periods.

  • Debt Consolidation: If you’re juggling various debts with different lenders, a self-employed secured loan can simplify your repayments. By consolidating all your obligations into a single loan, you’ll only need to manage one regular payment. For more information, see our debt consolidation loans.

  • Large Purchases or Life Events: From funding a car purchase (see our car loans) to paying for a family wedding, a self-employed secured loan can help manage these significant expenses. Repay the loan over a longer period and handle big costs more easily.

  • Marketing and Advertising: Effective marketing can propel your business to new heights. However, advertising campaigns, SEO, social media marketing, and other promotional activities can be costly. Our self employed loans can help you fund these initiatives, boosting your visibility and customer reach. You may also be interested in our business loans.

  • Tax Obligations: Self-employed individuals often face large tax bills. A self-employed secured loan can help you manage these liabilities without disrupting your normal business operations.

At Loanable, we’re committed to providing financial solutions that align with your unique needs. With our self-employed secured loans, you can navigate your financial journey more confidently.

Qualifying for a Loanable Self Employed Loan

We are committed to ensuring our self employed loans are within reach. Our primary aim is to assist you in regaining your financial foothold, whatever your circumstances may be.

Here’s a broad overview of our eligibility criteria and stipulations:

  • Age Requirement: You need to be at least 21 years old to apply for a Loanable secured loan.

  • Property as Security: A secured self employed loan requires property as collateral. This could be your residence or another property you own.

  • Proof of Ability to Repay: Even though we don’t base our decisions solely on your credit history, we do require substantiation that you can repay the loan. This may be demonstrated through income details, savings, or a budget plan that reflects your ability to handle the new consolidated loan repayment.

  • Residency: Our business loans are available to UK residents. In terms of documentation, we usually require:

    • Proof of identity (e.g., a passport or driving license)
    • Proof of address (e.g., a utility bill or bank statement)
    • Proof of income or repayment plan
    • Details about the property being used as security

We’re proud of our inclusive approach to lending. Don’t let a lack of traditional qualifications or a poor credit history stop you from applying for a self employed loan with us. We’ll look at your entire financial situation and work hard to find a solution that suits you. Apply today and let us help you streamline your financial management.

How to Apply for Your Self-Employed Loan

We know that dealing with finances can be daunting, which is why we’ve made our application process as simple and stress-free as possible. Here’s your step-by-step guide to applying for a Loanable secured loan:

  • Step 1: Fill Out Our Online Form
    Begin by completing our easy-to-use online form. We’ll need some basic details about you, the loan amount you’re seeking, and the property you’re using as security.
  • Step 2: Consultation with Our Advisors
    Once we’ve received your online form, one of our friendly and expert advisors will contact you. They’ll discuss your individual needs and financial situation, and will be more than happy to answer any questions you may have. This call enables us to customise the loan to your unique needs.
  • Step 3: Receive Your Customised Loan Proposal
    After the consultation, we’ll put our expertise to work to find the most suitable lender and create a personalised loan proposal that fits your circumstances. We’ll send this proposal to you for your review and approval.
  • Step 4: Legal and Property Checks
    With your approval, we’ll proceed with the necessary legal checks and property valuation. We strive to carry out these checks swiftly to prevent any delays in processing your loan.
  • Step 5: Loan Disbursement
    Once all checks have been successfully completed, the lender will release the funds. The timeframe for this can vary, but we always aim to have the funds available to you as quickly as possible.

Throughout the application process, our team of qualified and experienced advisors is available seven days a week to assist you. Don’t hesitate to reach out to us at any time.

Securing a loan with Loanable is that simple! Begin your self-employed loan application today and take the first step towards achieving your financial goals.

Complete Our Form

Secured Self Employed Loan FAQs

At Loanable, we’re all about making your financial journey simple and transparent. So, we’ve gathered your most common questions about our self-employed loans, providing you with all the answers you need in one place.

A self-employed secured loan is a type of loan tailored specifically for self-employed individuals. It is secured against your property, which serves as collateral, giving lenders a sense of security and enabling more flexible lending criteria and often more favourable rates.

Remember, it’s crucial to ensure that you can meet the repayments of a secured loan, as your property will be at risk if you fail to repay the loan. Always consult with a financial advisor or trusted expert before making a decision.

Your Trust is Our Reward

At Loanable, your trust is paramount to us. We’re proud to be fully authorised and regulated by the Financial Conduct Authority (FCA). This means we adhere to the highest standards of conduct in the financial services industry, putting your interests at the heart of our business.

We’re also humbled and grateful for our clients’ positive feedback, earning us over 150 5-star reviews on Feefo.

Take the first step towards securing your property goals with a company that’s trusted by hundreds of homeowners across the UK. Get in touch with us today to explore your bridging loan options.

Complete Our Form

Get in touch

We’ve made sure you have various ways to reach out to us. Whether you have questions, need more information, or are ready to apply for a loan, we’re here to help!

Phone: You can call us directly at 01925 988055. Our friendly team is available Monday-Sunday from 9am-7pm to assist you.

Email: Prefer typing out your queries or concerns? No problem! Reach us at [email protected], and we’ll get back to you as soon as possible.

Physical Address: If you’d rather speak to someone in person, you can visit our office at The Old Rectory, Rectory Lane, Winwick, Warrington, WA2 8LE.

Taking the Leap with Loanable:
Ready to bridge the gap in your finances with a bridging loan from us? Wonderful! Click the “Complete Our Form” button below, and let’s get started. Or if you have more questions, don’t hesitate to reach out to our team. We’re always here to ensure you have all the information you need to make the best decision. Your financial future awaits, let’s explore it together with Loanable!

Complete Our Form

About Us.

We’re based in the North West of England with a dedicated, experienced team of  advisors helping homeowners, property developers and investors across the United Kingdom. We have access to over 400loans from the nation’s top lenders. We’ll match your individual circumstances to the right advisor who will source the best lender and ensure you get the correct deal.

We’re open 7 days a week Simply complete the form and one of our advisors will make contact and talk you through your options.

Our team.