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Self Employed Loans

Being your own boss has some great benefits, although one of the downsides to being self-employed as you probably know – it can be difficult to obtain any kind of loan or finance. Borrowing requirements are getting ever tighter as the days go by, that’s where Basik Money can help.

7.8% APRC Representative
Representative example: Assumed borrowing of £37,700 over 180 months, with a fixed borrowing rate of 6.4% per annum for the first 36 months, followed by 144 months at the lenders standard variable borrowing rate of 5.9%. There would be 36 monthly installments of £356.89 followed by 144 installments of £347.59. Total amount payable £63,021 comprised of loan amount (£37,700) interest (£21,791) Broker fee (£3,000) Lender fee (£530). This would result in an overall cost of 7.8% APRC.
Basik Money Ltd may receive payment from product providers.
Loans are subject to credit checks, affordability checks and a valuation of your property.
If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR LOANS SECURED ON IT.
Basik Money Ltd SC541443, Authorised and Regulated by the Financial Conduct Authority FRN 760841. Registered with the ICO under registration number ZA197235.

Self Employed Loans for Homeowners, from just 3.8% APR

Basik Money is a self employed loan broker, we are not a bank. We search all lenders to find the best loan available to you, no matter how your credit history looks. Get in touch with Basik Money today to find out how we can help you.

What are self employed loans?

If you’re self employed, you may find it difficult to obtain a small loan. You will have to jump through multiple hoops to prove to lenders that you can afford to make all the repayments on the loan and it can take longer than applying if you’re in full time employment. At Basik Money we search the entire market to find the best loan options available to your circumstances, we do not make decisions based on algorithms but will treat each case on the facts provided. As a responsible lending broker, we will not encourage you to get into more debt if this is not affordable but will find a way to help you as best we can.

Reasons to choose a self employed loan

  • Loans available from £3,000 – £2.5m
  • Up to 95% LTV (loan to value)
  • 3.8% typically over 3 – 30 years
  • Basik Money adviser to guide you from application to acceptance
  • 6 months trading history required
  • Tax credits and surplus rental income are eligible towards affordability
  • No Funding, No Fee

WE COULD HELP YOU

BORROW WHAT YOU NEED – WHEN YOU NEED IT

What do I need to provide?

At Basik Money we take pride in helping business owners secure a self employed loan, whether it’s on a term of one to 25 years. We specialise in searching the entire lending marketing to give you more choices and fewer applications rejected, even if you don’t have the best credit history. We will try our best to guide you towards the lenders who will most likely lend to those who are self employed, helping you get the loan you want at the most affordable monthly repayment. All we need is a recent financial history – the last six months of personal and business bank statements. Once we have this information we can begin our search to securing a self employment loan of up to £500,000 with repayments spread out over up to 25 years.

What to consider

The dangers of applying for a secured loan is that you may lose possession of the collateral you agreed with the lender, such as your home or car if you do not keep up with your repayments. Please understand that taking on too much debt may make it difficult to meet all of your financial obligations, carefully consider your monthly budget and your ability to make these monthly repayments to the lender. If you default on the loan or make late payments, this can also damage your credit score.

Why choose Basik Money?

At Basik Money it’s all in the name: we make finding the right financial solution simple, easy and effective. Basik Money take great pride in being directly authorised and regulated by the Financial Conduct Authority. Which means that we adhere to the highest standards of advice for our clients. Our approach is transparent and simple – if you’re not accepted for a solution, there’s nothing to pay.

WHY CHOOSE BASIK MONEY?

  • FCA Regulated

    We are fully authorised and regulated by the FCA.

  • Industry Experts

    Our fully qualified advisers will explain everything to you in terms that you understand, ensuring that you have the best chance of acceptance for the finance option that is right for you.

  • WHOLE OF MARKET APPROACH

    At Basik Money, we search the entire market to find only best lending, insurance or debt options available to you.

  • EXCELLENT CUSTOMER FEEDBACK

    Don’t just take our word for it, read our customer reviews on TrustPilot.

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