Loans changed for self-employed workers: how to apply for them


Let’s see how billaged loans work for self-employed workers. All the main features of this particular financing option that provides for a repayment through the payment of bills. Let’s see why choosing this solution and how to make the request, with the guarantees to be presented and all the documentation requested by the banks.

Loans changed for self-employed: main features

Modified loans are loans specifically aimed at the categories of clients who have experienced particular difficulties in receiving a personal loan. For this reason some banks have thought, for example, of loans for bad payers, and therefore with the same formula even self-employed people have the opportunity to receive the desired loan. The reason why self-employed people are often denied personal loans must be sought in the fact of not having a paycheck. This constitutes a constant income for employees every month, which acts as a guarantee for the bank that must provide the loan. Many times freelancers have important income, but they can not however assure the bank that for the entire duration of the financing the monthly budget at their disposal remains constant, and therefore not to have problems in repaying the loan.

Credit institutions therefore have less confidence in self-employed workers than they do for employees or pensioners. All this turns into funding conditions worse than those usually offered for classic personal loans, with rather high interest rates. It is good to specify how the loans without payroll are not to be chosen if the most convenient financing is sought. Why then choose this particular product? The reason is very simple: it is a credit option aimed at all those who can not receive funding in another way. The main characteristic of the loans that have been changed, which differentiates them from other forms of loans, is that they do not include the presentation of the paycheck as required.

As can be seen from the name of the product, the changed loans provide for reimbursement through the payment of bills. The amount will be indicated on the same, which will be defined at the time of the request for financing and will remain constant for the entire duration of the same, and the expiry date. It is very important to respect the deadline, as the bill is an enforceable title, and therefore the loaner can apply to a judge to demand the collection of the unpaid sum, as well as a possible penalty for late payment. This is the main guarantee that the bank has, which is thus protected and can also provide funding to self-employed workers who do not have a paycheck.

How to apply for a loan for self-employed workers: requirements and documentation

If you are interested in loans that have been changed, the first thing you need to do is request a quote from various companies. Unfortunately, for this solution, companies usually do not provide a calculation of the online payment, as the treatment offered is strongly influenced by the profile of the applicant. So our advice is to make an appointment at your bank, or with other companies, so as to present your situation to a consultant who will advise you the best.


As for the requirements, it is usually necessary to offer guarantees such as the ownership of real estate, on which therefore the company could refer in case of non-reimbursement from us. Another solution may be to present a guarantor. In this case, a relative of ours or a friend can assure us of our reliability, and take responsibility for paying any unpaid bills on our behalf. The constraint on this solution is that for which the guarantor must necessarily be an employee.

At the time of requesting the loan for self-employment, it is necessary to bring the identity card and the health card with us so as to allow the company to quickly check the history of our loans received. In place of the paycheck, in this case the income document to be presented to the credit institution to which we refer is the last tax return, which shows our economic situation at the time of the request for financing. Finally, many times it is required the chamber of commerce of their business and the invoice related to domestic users, from which an analysis can be made to assess the maximum payment that can be faced by the customer, considering the earnings and expenses to be incurred each month.