A loan for self-employed persons without BWA is possible. If you are interested, you should contact one of the numerous direct banks that offer their services on the Internet. However, it should not be forgotten that many self-employed find it very difficult to find a suitable loan. Most German banks or savings banks require a BWA (business accounting) or reject the loan application.
If you are self-employed or self-employed and looking for a loan for private purposes, you should find out exactly which banks grant a loan to the self-employed. It is not uncommon for self-employed people to be rejected regardless of how high their income is. Many banks fear the unpredictability of self-employed loans. If the income decreases or is not paid at all, the repayment of the loan is at risk.
If a loan is possible for the self-employed, a distinction must be made as to whether this loan is granted with or without BWA. There is usually a good chance of getting a loan for the self-employed without BWA from the house bank. This is especially true if the bank has known the self-employed for a long time and his income situation has recently been positive.
Application and approval
Depending on whether the loan for self-employed persons without BWA should be taken out at the house bank or at a direct bank, a personal application or an application on the Internet makes sense. With a personal application, open questions can be clarified immediately and unnecessary queries avoided. Applying online is the only way if it is a direct bank that does not have a branch network and only has one head office where all banking transactions are regulated.
With a loan from the country, it is imperative that the credit check information is correct. Although this applies to every installment, consumer or car loan, credit check information is all the more important for a loan for self-employed persons without BWA. If all requirements are met, the loan for self-employed persons without BWA is approved and paid out.
When it comes to self-employed borrowers, these are those individuals who own the unincorporated business by themselves. They are the sole owner of the business.