LoanTube

Selfy Loans

A personal loan for self-employed people and sub-contractors.
Achieve your personal and professional goals.

Loans up to £15,000

Borrow for 18 - 60 months

Loans for homeowners and tenants

What are Selfy Loans?

Selfy Loans are essentially personal loans for self-employed people who have been self-employed for a minimum of 2 years. Selfy Loans can be used for both personal as well as business purposes.

A unique aspect of Selfy Loans is that they prove to be a good option for individuals who have been facing credit problems in the recent past or don’t have a long enough trading history. Even if other lenders have turned you down, this self-employment loan has flexible criteria, and you might get approved.

What Selfy Loan can be used for?

You can use Selfy Loans for any business or personal purposes, including:

Make Purchases

Buy a new vehicle or some equipment or invest in essential tools.

Boost Your Skills

Use the loan to upskill and acquire new professional qualifications.

Use for Personal Purposes

Pay for home improvements, buy some furniture or for a holiday!

Reorganise Your Finances

Deploy self-employment loans to pay off business overdrafts or consolidate business debts.

Uplift Your Business

Scale up, expand or diversify your business using the loan.

Pay Your Taxes

Get ahead of your annual personal or business tax liabilities with SelfyLoans.

Why Choose Selfy Loans?

You can’t put a price on happiness, but it doesn’t have to burn a hole in your pocket.

Loans ranging from £1,000 - £15,000

A representative APR of 99.9%

Loan tenure ranging from 18 - 60 months

Eligibility criteria for Selfy Loans?

Eligibility criteria before applying for Selfy Loans.
  • Your age must be between 25 to 65
  • You must be self-employed for at least 2 years
  • Your minimum gross income must be £20,000 per annum or £1,666 per month (for both single or joint applications)
  • You can be a homeowner or a tenant
  • You should not be bankrupt under a debt management arrangement or an IVA
  • You agree to and sign a direct debit mandate

How to apply for Selfy Loans

The process is quick and easy.

Step 1

Tell us your desired loan amount and term.

Step 2

Get a decision within minutes.

Step 3

Provide business documents, and have the loan credited to your account.

FAQ'S

Can a freelancer or sole trader get a Selfy loan?

Selfy Loans have been designed to offer loan assistance to all self-employed people, including freelancers and sole traders. If you have been self-employed for more than two years, you are eligible to apply for Selfy Loans!

Can I use the Selfy loan for personal use?

Of course! Once the loan is credited to your account, you can use it for a wide array of purposes, including but not limited to purchasing a car, undertaking home improvements, funding a wedding, or paying for your child’s higher education.  

Is Selfy Loan secured or unsecured?
Selfy loans are unsecured loans, and you can get them without putting any assets as collateral.
How can I show my income if I have an accountant?

If you have an accountant with a recognised qualification, they can show your income by –

  • Completing the Accountants Certificate
  • Providing your most recent accounts
  • Providing your 2-year annual tax calculations (SA302) and tax year overviews sent by HMRC.
How to show my income if I don't have an accountant?

If you do not have an accountant, you can show your income by –

  • Providing your 2-year self-assessed tax calculations (SA302) and tax year overviews sent by HMRC.
  • Providing your last 2 month’s business bank statements

Even if you do not have your self-assessments available, Selfy Loans might still be an option for you. In this case, however, you may need to visit their local branch for further assistance.   

How to show income as a sub-contractor?

If you are a sub-contractor, you can show your income by –

  • Providing your pay slips for the last two months, or
  • Providing your last 2 months’ bank statements, dated within the last 60 days and proof that your income has been credited.
How long will it take?

Once you have completed the application form, you will get an invitation to visit the nearest Selfy Loans branch, where your application will be processed. If the loan agreement is signed before 8:30 pm, the loan amount will be credited on the same day.

What if my circumstances change?

If your circumstances change and you do not need the loan anymore, Selfy Loans offer you a 14-day cool-off period, within which you can return the loan amount without any charges.

If the change happens after the 14-day cool-off period, and you believe you may not be able to make the stipulated repayments, you can get in touch with Selfy Loans immediately. They will provide the required assistance and help you manage the situation.

Is there any application fee?

No. We do not charge any application fee when you apply for SelfySelf-Employed Loans. 

What other factors will be considered for the approval?

For self-employment loans to be approved, checks on the following things are done:

  • Your affordability
  • Whether you own a home or rent it
  • Your income and expenses
  • Your credit history (past financial affairs)
  • Your business status
  • Your business turnover

Valued Customers With Valuable Feedback

They offer great customer service that’s flexible, friendly, and transparent – at least, that’s what the customers say!
-Sally Coulson
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Excellent service - all very helpful and lovely people
-Lisa Bennett
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Friendly helpful welcoming service
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Representative APR Example of Selfy Loans

Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £237.75 per month. Interest Payable £2,706. Total Repayable £5,706. Representative 99.9% APR.

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

Credit subject to status & affordability assessment by Lenders.

LoanTube is a credit broker and not a lender.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

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