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Secured loans for self-employed

Secured Loans > Our Loans > Self Employed Loan

Secured Self-Employed Loans

Securing finance when you’re self-employed isn’t always easy. But if you’re working for yourself and need to take out a loan, Evolution Money could help.

You can apply for secured loans for the self-employed of up to £50,000, with payment terms of 1 to 20 years to suit your circumstances. We offer a simple application process and look at more than just your credit history – so you could still get funding with bad credit.

Find out if you qualify for one of our self-employed loans for UK residents by getting a no-obligation quote today. Our customer reviews show how we’ve helped people like you.

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How much do you want to borrow? £5,000 to £50,000
For how long? 1 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
Is this a joint application?

What are loans for self-employed people?

Loans for the self-employed are exactly as they sound – they’re loans for people who work for themselves. Borrowing money can be more difficult if you’re self-employed, but Evolution Money may be able to help.

We help countless self-employed people access the finance they need. We’ll look at your overall personal and financial circumstances to judge whether a loan is affordable and offer payment terms to suit your unique situation.

What types of self-employed loans are available?

There are a few different types of self-employed loans in the UK.

  • Personal loans for self-employed people are designed for personal use, like home improvements, new cars and debt consolidation.
  • Self-employed business loans are designed for business purposes, like investing in your premises, buying new equipment or boosting your marketing.
  • Secured self-employed loans are ‘secured’ by valuable assets such as property, whereas unsecured loans are not. Offering security can improve your chances of getting finance and accessing higher loan amounts.

We offer secured loans for the self-employed with no guarantor required, and you can use them for a wide range of business and personal reasons.

What about loans for self-employed people with bad credit?

Getting finance can be even trickier if you’re self-employed and have a less-than-perfect credit score – but we look at more than just your credit and income history. You could still get a self-employed loan with poor credit if we’re confident you can afford the repayments.

We offer no-obligation quotes, so if you’re a homeowner and working for yourself, use our to see how we can help.

Get a no-obligation quote   Call 0161 814 9158

If you're looking to obtain credit, our secured loans can be used for a range of purposes

Carry out home improvements; a great way to invest back into your property
A wedding loan could turn your dreams into a reality
Bigger personal items such as cars can be financed using a secured loan
Take your family on that much needed holiday
Even if you have bad credit we could still help you with a loan

Questions you may have...

What can I use a self-employed loan for?

You could apply for one of our loans for self-employed people for almost any purpose. Common examples include:

Whatever your priorities are, contact us today to see if we could help you get the funds you need.

Who can apply for a self-employed loan?

We aim to make finance accessible for as many people as possible. You can apply for a secured self-employed loan if you are a sole trader, director, contractor or small business and have been self-employed for over 12 months.

You also must be:

  • A homeowner with a mortgage
  • Living in the UK

What if I’ve been turned down elsewhere?

Even if your credit history is less than perfect or you’ve struggled to get a loan elsewhere, we’ll listen to your personal situation before making a decision.

Our range of affordable self-employed loan options can be tailored to your circumstances, so you can spread the cost over a period that suits you.

What if I have bad credit rating?

Even if your credit history is less than perfect, or if you have struggled to obtain a loan elsewhere, we listen to your personal situation before coming to any decision. Our range of affordable self-employed loan options are tailored to your personal circumstances, so you can spread the cost evening over a period that suits you.

How much can I borrow?

We offer secured loans for the self-employed from £5,000 to £50,000, depending on eligibility.

What repayment terms are available on a self-employed loan?

Our self-employed loans for UK residents come with repayment terms of between 1 and 20 years. The right term for you will depend on your preferences and financial situation. Choosing a shorter term usually means you’ll pay less in interest, whereas longer term loans come with smaller monthly repayments.

You can use our handy online loan form and discuss with one of our expert advisers to see what your repayments might be with different term lengths.

How soon could I get my loan?

We always aim to fund approved loans as quickly as possible. In the past, we have been able to transfer funds to customers within a few days of their application being approved, but this will depend on how quickly we receive all your documentation, among other factors.

Read about our loan process step by step.

Are there any fees?

We’re upfront about our fees from the beginning so you won’t be caught out by any costly surprises in the future.

As well as your agreed home improvement loan rate, you’ll pay a Lending Fee of between £299.00 and £699.00, depending on the loan amount and a Product Fee that is 10% of your loan. £1,000. View a full breakdown of a representative loan.

How do I apply for a self-employed loan?

Being self-employed can put extra pressure on your time – so it’s good to know our application process is straightforward.

Start by filling out our online form with a few basic details, then an adviser will give you a no-obligation quote over the phone. Alternatively, you can call our team directly on 0161 814 9158.

What information do I need to provide?

There are a few things we’ll ask for when you apply for one of our secured loans for the self-employed, including:

  • Proof of Income such as Certified/stamped accounts from your accountant, or a submitted SA302 form
  • Proof of address, such as utility bills
  • Proof of identity, such as a passport or driving license
  • Your mortgage account number and home insurance documents

If you’re a sub-contractor, we’ll ask for 6 months of remittance slips.

Why choose Evolution Money’s loans for the self-employed?

Be it for business or personal reasons, our secured self-employed loans can create opportunities and make your life easier. Here’s why you can rely on us:

  • We’ve provided finance to over 26,500 customers and offer repayment terms to suit each applicant’s situation.
  • We’ll look beyond your credit history and how you receive your income to assess your situation as a whole, so you could still get a self-employed loan with bad credit.
  • You can apply for one of our secured loans for the self-employed with no guarantor, meaning you don’t need to ask your friends or relatives to support your application.
  • Our excellent Feefo rating from over a thousand customer reviews shows that you can have full confidence in our services.

We’re also authorised and regulated by the Financial Conduct Authority and are a member of the Finance and Leasing Association. We’re committed to lending responsibly.

Apply for a secured self-employed loan today

Want to know the approximate cost and timescales of a self-employed loan through Evolution Money? Use our handy loan form to apply obligation free.

Or give us a quick call on 0161 814 9158 to talk through your loan needs and get a no-obligation quote from our qualified advisers.

Apply for my Self Employed Loan

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 96 out of 100, based on 178 reviews over the past year. 178 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoWe are a member of the FLA (Finance and Leasing Association) and subscribe to its lending code.

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Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 9 Portland Street, Manchester, M1 3BE. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.


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