Freelancers are categorized by banks as a type of highly trusted customer and can take advantage of the special bank loan offer. Why? Professions that are part of free professions are above all socially needed, they are distinguished by high incomes and the fact that there is always a demand for people who choose these professions. Their list is quite long, they include: attorneys, doctors, architects, auditors, legal advisors, property appraisers, doctors (veterinary surgeons, dentists and others), midwives, tax advisors and many others. As you can see, these are narrow specializations, and the importance of people working in these industries is huge on the labor market. It is for this reason that freelancers have a low probability of losing income and, moreover, are distinguished by a high salary, are treated by banks on special conditions.
The possibility of taking a high loan
Large loans (over $ 100,000) require many stages of verification from banks. People from other industries need additional collateral, guarantees, or the need to take out a mortgage. In contrast, freelancers can count on high amounts without long-term verification, meeting many specific conditions, and providing additional guarantees and safeguards. Banks offer cash loans to such persons for larger amounts and it is often not necessary to have loans repaid previously from the same bank. Our company meets the expectations and needs of customers – we offer a bank loan up to $ 500,000. We are distinguished not only by the high amount of the loan, but also by other favorable conditions.
Low installments and individual adjustment of their number
These are another big advantage of deciding on loans for free professions offered by PPM Loans. Banks consider people from this professional group not only to be clients of high trust, but even strive for such people. With this professional group, there is an extremely high probability of timely repayment of installments, which is why banks can offer many individual conditions without worrying about paying off the debt. A freelance customer who chooses a loan will always be very valuable to the bank. Hence, such favorable loan agreements.
It is always dependent on several issues: loan amount, interest rate, additional fees. When it comes to free professions, it is always possible to negotiate individual amounts of installments. It is determined on the basis of the client’s needs, his earnings, as well as the specific type of work performed. However, the absolute advantage offered by banks is the low interest rate. For example, PPM Credits offers an interest rate from 6.99%, it is much lower than that proposed in standard cash loans. It is also smaller than loans for professional services offered by other companies. Freelancers can negotiate the amount of the installment in such a way that it is a safe amount to be paid and tailored to the individual financial capabilities of the person.
Debt repayment length
The period for which the bank grants the loan is often imposed in advance. Ready loan offers for everyone often have a maximum time limit in which debt should be repaid. When it comes to a bank loan for liberal professions, the repayment time can be much longer. The great flexibility of this type of offers allows you to set all parameters in such a way that you can adjust the debt repayment time. Do the 144 months repayment seem unreachable? Not with PPM Loans – with us you can get a loan for such a long period.
Amount of cash borrowed
This loan parameter also differs significantly from banking proposals addressed to other professional groups. The loan may amount to several hundred thousand dollars. This amount will allow you to pay for planned investments, buy real estate, or make your dream come true. Often, loans for professional services are distinguished by the fact that their purpose can be any. The bank does not interfere in the customer’s choice and does not impose a specific loan purpose for the given amount.