Credit for self – employed persons without credit rating

A loan for self-employed persons with no credit rating is not available from any reputable bank. This statement does not only refer to local banks or savings banks, but also includes foreign banks.

Loan for freelancers

Loan for freelancers


Self-employed people who have no secure income or positive credit information should ask themselves critically whether they really have sufficient financial means to repay a loan properly, completely and on time. If this is the case, a reputable credit broker or a private lender would be the right contact.

Credit Providers

Credit Providers

Many local or foreign credit intermediaries offer their services on the Internet. Anyone who has been working in this area for many years has extensive specialist knowledge and can also help in difficult cases. However, even the best credit intermediary cannot guarantee that a loan for the self-employed without creditworthiness will actually be made.

Anyone who claims this is most certainly dubious. In addition, no one should pay any upfront costs before a loan approval and payment has been made. Reputable lenders include the costs of applying for a loan and during the loan term in the monthly repayment installments.

Private lenders

Private lenders

There are several ways to take out a personal loan. Anyone who registers on a credit brokerage portal on the Internet can set their credit request there and wait until a lender is found who would be willing to pay out a loan for self-employed persons with no credit rating. However, the concern of the borrower must be presented convincingly. If this is the case, several lenders can also contribute a partial sum to the total amount. This is a very significant advantage of a loan brokerage portal that does not exist with a bank loan.

The terms of the loan and the repayment of the loan are made by both contracting parties. This also applies in the event that a personal loan is taken out among friends or relatives. Once agreements have been made, they should be strictly adhered to. Otherwise a lot of trust can be lost, which is difficult to repair, especially in the private sector.

Payday loan: what is it?

You, a registered employee, have certainly heard of payday loans, right? It is a much less bureaucratic way of obtaining loans. But do you know how to calculate the consignable loan margin?

It is necessary to understand that there is a discount limit on your pay stub, for loans. This is called the consignable margin. That is, if the consigned margin is already committed, it will not be possible to obtain new loans – at least until the settlement of the outstanding installments and release of the margin.

In our post today you will learn a little more about the payday loan, for whom it is indicated and how to calculate the consignable margin.

Who is the payday loan indicated for?

Who is the payroll loan indicated for?

Unlike other loan lines, which are available for different profiles, the payday loan is especially dedicated to civilian and military civil servants (active or inactive), pensioners, retirees and employees of private companies that have an agreement with some banking institution.

The payday loan is characterized by the discount of the installments directly on the payroll or benefit of the applicant . Thus, the creditor reduces, even if not in its entirety, the default risk.

The guarantee for the receipt of the payday loan by the lender results in a considerable reduction in the interest rate. It is a rule: the lower the risk for the institution, the lower the interest rates applied.

Can domestic workers obtain payday loans?

Can domestic workers obtain payroll loans?

When talking about the possibility of payday loans for registered workers, there are some professional groups that, even with the proper registration, do not obtain advantages in hiring the resource. Domestic workers are a clear example.

It is worth saying that through the regulation of this professional category by the Constitutional Amendment 72, of 2013 – which protected access to all labor rights, such as vacations, 13th salary, FGTS and a 44-hour week, for example – domestic professionals have total proving income and, theoretically, they would be able to apply for payday loans.

However, even with all acquired rights, domestic employees still encounter some resistance from banking institutions. These, in turn, do not evaluate this group of workers as potential, denying – in most cases – personal or payday loans. The lack of an agreement between the financial institution and the employer is one of the technical impediments that results in the negative.

If you fall into this situation, both on the part of the employee – who does not feel comfortable asking for a loan from the bosses – and the employer – who cannot commit the budget with outflows of money not foreseen in his planning – we have a solution!

Main advantages of the payday loan

Main advantages of the payroll loan

When opting for a payday loan, you, worker, enjoy some advantages and benefits that are not available in other lines of credit. See some of them:

Without consulting private credit checker

As the loan installments will be discounted directly on the sheet, the lender is not at risk of lending the amount. Therefore, even those with name restrictions can easily access the credit line .

Reduced interest rates

With the guarantee of the payroll discount, the institutions are assured of the monthly payment of the installments. Therefore, they are less at risk. In this scenario, interest rates become much more attractive than in other modalities, such as personal credit.

It is worth noting that even lower interest rates differ according to the applicant’s employment relationship. You can check them out here .

Faster approval

In payday loans, the amount is released in a short period of time. As external evaluations are not necessary, since the information for consultation is available on the banking network itself, the amounts are credited to an account between 24 and 48 hours .

The term depends, exclusively, on what was entered into in the contract, in the institution’s internal policy or in the annotation – which is the acceptance of the paying institution and authorization of the discount in the paycheck or benefit.