Even if you do not have a fixed income, you can try to take out a loan. However, such a loan is subject to certain conditions. The loan approval is decided in each case in each case and a loan without a fixed income cannot be answered with a clear yes or no in advance.
Loans for entrepreneurs and freelancers
If you are a self-employed entrepreneur or freelancer, you have no fixed income. Your income fluctuates depending on how regular your sales or fees are. However, in such a case, you can get a loan with no fixed income. The simplest solution is a bank overdraft on the business account, which corresponds to the overdraft facility on a private checking account. Otherwise, the entrepreneur has to differentiate whether the loan is used for business investments or for private purposes.
For commercial loans, the house bank has certain offers for business customers, which are tailored to the type of company and the income. In the case of private loans, the interest on a loan without a fixed income, which also applies to entrepreneurs and freelancers, is higher than for a borrower with a regular fixed salary. The bank is compensated for the lack of security of an assignment of salary in the event of insolvency with correspondingly higher interest rates.
Collateral important for loans with no fixed income
In any case, collateral is useful for a desired loan without a fixed income. They guarantee the creditworthiness and solvency of the customer, even if no regular income flows into the account. Such security can be cars, savings accounts and real estate or other valuables such as jewelry or a collection of paintings. Depending on the amount of the loan, the bank will have an expert assess the value of the collateral. Customers who can receive a loan without a fixed income in such a case also include adult pupils, students, artists or private individuals. So-called housewife loans also fall into this area. A credit without a fixed income can also be obtained discretely from online banks or via private intermediaries if the creditworthiness is appropriate.
Personal loans for self-employed by investors
There is no Swiss loan without a fixed income. The federal banks only accept regular income above the garnishment limit for such credit-free small loans up to $ 3,500. Self-employed people, freelancers and students therefore do not receive such a Swiss loan. Personal loans are particularly useful for entrepreneurs. You can present your business idea or your investment needs on appropriate platforms on the Internet and hope for an interested private investor. Such private to private loans are in vogue and easily bring lenders and borrowers together for a loan with no fixed income. A bank does not necessarily have to be involved to obtain such a loan.