SK Finance and Home Loans
Self-Employed Lending
Running a business can make the lending process a little different. We help you understand the information lenders may need and explore your options.
About this service
Finance guidance built around your circumstances.
If you run your own business, proving income can work differently from a standard employee application. We can help you understand what lenders may need.
Every borrowing situation is different. Your income, financial position, goals, property and the lender's assessment criteria can all affect the options available to you.
Our role is to help you understand the finance process, discuss your requirements and explore lending options that may be suitable for your circumstances.
Who this may be for
This service may be relevant to customers in situations such as:
- Business owners.
- Sole traders.
- Company directors.
- Contractors and business operators.
- Self-employed borrowers buying or refinancing property.
How we can help
Depending on your circumstances, we can help you understand areas such as:
- Understanding self-employed income requirements.
- Discussing lender requirements.
- Exploring lending options.
- Reviewing existing debts and commitments.
- Preparing supporting documents.
- Supporting the application process.
Things to consider
Your circumstances matter.
When assessing a lending option, there are several factors that may need to be considered. The exact requirements depend on the lender and your individual circumstances.
Your business structure.
Business and personal income.
Length of self-employment.
Business financial statements.
Existing liabilities.
The lender's income verification policy.
Why work with us
A simpler way to approach your finance.
We focus on clear conversations, practical guidance and helping you understand your lending options.
A clearer idea of what lenders may need.
Access to available lending options.
Help preparing financial documents.
Support throughout the application.
Our process
From conversation to next steps.
The exact process can vary depending on your circumstances, lender and finance requirements. Generally, the journey can look like this.
Talk about your situation
We discuss your business, income and property finance plans.
Review your finances
We identify the income and financial documents that may be relevant to your application.
Explore lender options
We look at lending options based on your circumstances and lender requirements.
Prepare the application
We help you understand and prepare the supporting information needed.
Lender assessment
The lender reviews your application and financial position against its criteria.
Move towards settlement
If approved and the conditions are met, the loan can progress towards settlement.
Getting prepared
Documents you may need.
The documents required will depend on your circumstances and the lender. These are examples of information that may be requested.
Identification.
Personal and business tax returns, where required.
Business financial statements.
Business activity information, where applicable.
Bank statements.
Existing loan and liability information.
Frequently asked questions
Questions about self-employed?
Can self-employed people get a home loan?+
Yes. Self-employed borrowers can apply for home loans, although lenders may have different requirements for verifying business income.
How long do I need to be self-employed?+
Requirements vary between lenders and can depend on your business history, income and overall financial position.
What documents might I need?+
Depending on the lender, you may need tax returns, financial statements, business information and bank statements.
Let's talk
Ready to talk about your finance goals?
Start with a conversation about your goals and circumstances. We'll help you understand the next steps and the lending options that may be available to you.
Self-employed lending requirements vary between lenders. All applications are subject to lender criteria, assessment and approval.