Personal Loans · Self-Employed Personal Loans
Personal loans for the self-employed
A self-employed personal loan is arranged with a lender who assesses business income rather than only payslips. Noddle compares options across a panel accessed through the Loan Market Group platform and arranges the one that fits sole traders, contractors and company directors. The lender assesses and funds it.
Noddle is a broker, not a lender. We find, compare and arrange; lenders approve and lend.
- Australian Credit Licence 526746
- Member of AFCA
- Servicing Australia, 100% online
- One application, many lenders compared
Why self-employed borrowers get knocked back
Many lenders are built around PAYG payslips, so irregular or newly established income can be declined even when the business is healthy. A broker knows which lenders assess self-employed income properly and what evidence they accept, which avoids wasted applications that mark your file.
What lenders look for
Commonly, an ABN, recent tax returns or business bank statements, and evidence of consistent income. Some lenders accept shorter trading histories. Noddle matches your documents to a lender whose policy fits, rather than sending you to one that will decline.
Frequently asked questions.
Yes. Some lenders assess self-employed income using tax returns or business bank statements rather than payslips. Noddle compares those lenders across its panel and arranges the option that fits sole traders, contractors and directors, subject to responsible lending checks.
Commonly an ABN, recent tax returns or business bank statements, and identification. Requirements vary by lender. Noddle tells you what a given lender needs before you apply, so you gather the right evidence once rather than chasing documents after a decline.
Sometimes. A few lenders accept a shorter trading history if income is evident, while others want two years. Noddle knows which lenders accept newer businesses and arranges the application accordingly, subject to the lender’s assessment.
Not necessarily. Rate depends on the lender, your credit profile and the loan, not self-employment alone. Noddle compares options so you see the true cost and are not charged more simply for how you earn your income.
Noddle may charge a brokerage fee for arranging your loan, and may also receive a commission from the lender. Both are disclosed upfront in our Credit Guide and your written quote before you commit. The brokerage fee can be paid upfront or capitalised into your loan. If capitalised, you pay interest on it over the loan term. All fees and commissions are disclosed in our Credit quote before you proceed.
About the author
Joshua Wessels is the founder of Noddle and leads its broking team. He has more than a decade in Australian consumer finance and holds a Diploma in Mortgage Broking. Noddle is a member of the Finance Brokers Association of Australia (FBAA member 362825) and the Australian Financial Complaints Authority (AFCA member 81857), and operates under Australian Credit Licence 526746.
Read more about the team on the Noddle team page.
Noddle Pty Ltd (ABN 63 643 806 759, ACN 643 806 759) operates under Australian Credit Licence 526746. Noddle is a credit assistance provider, not a credit provider. We arrange loans through a panel of lenders accessed via the Loan Market Group (LMG) aggregation platform. We are bound by the responsible lending obligations of the National Consumer Credit Protection Act 2009 and regulated by ASIC. Fees and any commissions are disclosed in our Credit Guide and your written quote before you commit. Any approval, rate and amount is determined by the lender, subject to their assessment.
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