Freelancers are often busy when transactions involve money, especially loans that are often not as smooth as those of regular company employees. As a result, many financial institutions rarely lend to borrowers. In fact, some self-employed earn a relatively large amount of money. So what if we’re a freelancer who wants to borrow money? Today, we have an answer to what way freelancers can borrow money, and what are the three solutions to this deposit?
1. Loan using collateral assets
It’s true that freelance careers can be difficult to borrow, but that doesn’t mean they can’t borrow. Because even if we don’t have a document that represents a regular income, if we have assets in our own hands, whether it’s empty land, we’re not going to be able to do that. We can use these assets as collateral for ourselves to borrow money. The financial institution will assess the price of the assets we place and calculate the loan amount for us, including the total amount of installments and installments, which we will retain full ownership of, as long as we can complete the loan on time and complete the contract.
2. Joint loan or find a guarantor
In the event that we do not have the assets to be used as collateral, you can use the method of finding a co-borrower or using a person to provide collateral instead. If a co-borrower or guarantor has a stable career and a high resentent income, it will make it easier to approve the loan. Financial institutions typically have co-borrowers or guarantor qualifications. This is another way to make it easier for freelancers to borrow money. However, caution is that the borrower or guarantor should be a trusted person, and the borrower must be responsible. It does not cause the guarantor to suffer later.
3. Loan through loans that are specifically for self-employed people.
Those who do not have a full-time career may be concerned when applying for a loan with a financial institution, and most of them are not approved because of unindent financial and income documents. But don’t worry because many banks now issue loan products that are specifically for self-employed people, with low monthly averages and hassle-free paperwork. Many of them have products including market vendors. Online loans, personal loans or other self-employed loans This makes it much easier for people with freelance careers to borrow money than before.
And for the three ways to borrow for the freelance careers that we deposit, it is believed that it will be a way to make decisions for many people. Also, once you have entered into a contract, we will have a debtor status immediately. Therefore, regular discipline in repayment stipulated in the debt stipulated is necessary to maintain credit for yourself.
You know, for anyone who’s already had a freelance career, there’s a question of whether freelancers can borrow money or what to do. Who chooses which method depends on what type of loan we are ready and what the loan is, and the choice of each loan may be different in terms of the amount of credit received. Therefore, please carefully learn the details and conditions of each loan. It is good to go directly to the financial institution for advice and advice. In order to know the full and accurate details, we can choose the financial products that best meet our needs.