As a self-employed person, do you want to borrow money for private purposes? What should you watch out for when you want to take out a loan as a self-employed person? Read our tips.
Conditions at a glance
If you want to borrow money as a self-employed person, you will need to meet a number of conditions. – For example, you must be at least 25 years old. – In addition, you must have worked for at least 3 years as an independent entrepreneur with a positive social capital based in Belgium. And you must have a good payment history (no negative filing) and have a house for sale or rent. In addition, the purpose of the expenditure must be consumption and you must be able to prove it by means of a standard declaration. Do you meet all these conditions? You can then take out a loan as a freelance.
When can I apply for a self-employed loan?
- Three fiscal years linked with positive equity
- No filing at the Capital Lender
- The purpose of the loan is private
As a self-employed person, if you meet the above conditions, you can borrow private funds in the form of a personal loan or a revolving credit. However, the loan must be intended for private and consumption purposes: think of a renovation, a new bathroom or a new kitchen. To learn more about the demand for consumer credit, click here.
Do you want to buy a new company car? You can then finance the purchase of a new company car in the form of a lease.
Get a loan at an attractive interest rate
An attractive interest rate is certainly not the only thing to pay attention to when taking out a loan for independent contractors. Please read the loan conditions carefully before taking out a loan. For example, what is the interest rate and can it change over the life of the loan? Are you getting a fixed or variable interest rate? Is the interest fixed for the whole duration? In the case of a personal loan, the interest rate is fixed for the entire duration of the loan. In the case of revolving credit, the interest rate is variable.
Are there any fees for contracting a loan or consulting fees? These are all things to discover before taking out a loan as an independent contractor.