An instant loan for self-employed by BankFit is not a conventional loan. BankFit offers a short quick bypass option. A quick bridging loan that specializes only in smaller amounts.
Getting loans is generally not that easy for the self-employed, because banks like to have regular income in order to assume a higher probability of repayment. But not every financial bottleneck situation requires a conventional loan. And so the criteria for granting a non-traditional loan, such as BankFit’s instant loan, are also different and thus a fair chance for instant loans for the self-employed.
BankFit offers self-employed credit
What often happens in the private sector is that suddenly a household appliance or an urgent bill has to be quickly replaced or paid for. However, it is not necessary to use traditional credit, because usually the next income is already enough to cover the costs. Just in the moment of need, there is not enough budget available. So you have to finance only briefly. For this there has been the Vexcash short-term loan for private customers for years.
Such temporary small financial holes are certainly not uncommon for self-employed and small business owners. Be it to pre-finance an order or quickly make a bargain purchase that would mean a bigger margin. For these and similar cases, fast lending for the self-employed is a great advantage. In these cases, this is not a long-term financing requirement. Rather, it is an advance requirement that BankFit is specialized to fulfill.
The special instant loans for self-employed by BankFit
The instant loans of BankFit have a term of 30 days. This gives you great flexibility as a small business owner. You do not have to tie yourself up for long and keep a good overview of your finances. Optionally, you have the option to repay your loan in two installments. This extends the term of your instant loan to 60 days.
Why are loans from BankFit called Instant Loans?
We are able to direct your instant loan to your account the same day you choose the Express option. That is why you have your loan at your disposal almost immediately after the application has been submitted.
Why other credit criteria?
Because of the short term and small amount of our instant loan for the self-employed, we do not need a business plan from you if you just need to quickly repair your van or make an interim order finance.
All you have to do is prove that you have been on the market for at least a year and have regular income, of course against the background of your self-employment. Which means, we know of course that you are not paid like an official. But if you have an annual turnover of at least 50,000 euros, then you are welcome to try our loan calculator, what would be possible for you as an instant loan.