Difference between borrowing money as an entrepreneur or as an employee
You want to borrow money. Are you an employee or an entrepreneur? In this blog you can read more about the difference between borrowing money as an entrepreneur or employee.
Borrow money as an employee
Do you want to borrow money and do you work as a temporary worker or do you have a temporary employment contract?
Even then it is possible if you meet a number of criteria to take out a loan,
Read about the possibilities for taking out a loan as a temporary worker or if you have a temporary employment contract.
Do you work in paid employment with a permanent contract and do you want to borrow money?
Continuity and stability of your income is essential when providing a loan. If you are in paid employment with a permanent contract, you can efficiently and carefully take out a loan online via the Credit System or transfer it on the most favorable terms and conditions.
When granting a loan, account is always taken of the risk that the loan may not be repaid. An important risk is the payment risk, for example when your income is lost. With a permanent employment contract, this risk is considerably lower than, for example, with a temporary employment contract or temporary employment contract. By definition, a lower risk also means a lower interest rate!
Calculate immediately how much you can borrow
Borrow money as an entrepreneur
As a self-employed entrepreneur it is slightly more difficult to borrow. This is because you have no fixed income and this increases the risk for the lender. But it is of course possible to borrow as an independent entrepreneur. What should you pay attention to? If you want to borrow money as a freelancer, then you will have to meet a number of conditions. You must be at least 25 years of age or older.
In addition, you must have been working as a self-employed person with a positive equity for at least 3 years and must be established in the Netherlands for at least 3 years.
And you must have a good payment history (not a negative ABC) and have a property for sale. Furthermore, the spending objective must be consumer and you must be able to prove that with a standard statement. Do you meet all these conditions? Then you can take out a loan as a self-employed person.
As an independent entrepreneur, if you meet the above conditions, you can borrow private money in the form of a personal loan or a revolving credit. The spending objective must then be intended for private and consumer purposes: think of a renovation, a new bathroom or kitchen.
Do you want to purchase a new company car?
Then you can finance the purchase of a new company car in the form of a financial lease.
Do you already have a loan? Then you can transfer your existing loan that has been taken out for private purposes at home bank more advantageously
Read more about the possibilities of borrowing money as an entrepreneur.