프리랜서 대출What are the types of loans that N-job freelancers can use and how can they prove their income?
First, there are loans that freelancers can use, such as the ‘Haetsal Loan’ and ‘Saetdol 2’ loan.
Haetsal Loan is one of the government-supported loan products for ordinary citizens, and its limit has recently increased from 15 million won to 20 million won. It has a high interest rate of 15.9% per year, but the interest rate is reduced every year if you repay faithfully. It is reduced by 3%p for a 3-year term and 1.5%p for a 5-year term.
The loan target is an annual income of 35 million won or less or an annual income of 45 million won or less and a personal credit score of 20% or less.
In addition, the requirement of a 3-month or longer employment period is included, so if you are a freelancer and have been earning income for 3 months or more and meet the above conditions, you can apply. Another government-supported loan for the common people, the ‘Saetdol 2’ loan, is available to those who have been employed for more than 5 months and have an annual income of more than 12 million won. Business owners must have maintained their income for more than 4 months and have an annual income of more than 6 million won.
Therefore, freelancers can also borrow up to 30 million won per person if they meet the conditions for the Saetdol 2 loan. The loan period is up to 60 months, and the loan interest rate is around 8-15%.
Both loans can be inquired about and applied for at the handling bank or financial institution.
When applying for a loan, documents related to income verification may be requested as needed. If you are a freelancer working for a company, you can submit the documents related to that.
If you are not a freelancer, you must prove your income yourself. Documents that can be used for this include health insurance premium payment, business income withholding tax receipt, and payroll account statement.
If you have not prepared the relevant documents right away, you can prepare them now. Basically, when you receive your salary, you should receive it through a ‘salary account’ rather than cash. This is because you can easily prove that you have a fixed income through a salary account.
If you have a fixed income for more than 6 months through a salary account and your annual income is more than 20 million won, you can easily meet the general loan conditions.
Also, if you have a credit card in your name that has been used for more than 1 year without delinquency or debt, this can also be used positively.
If it is difficult to meet the above conditions, registering as a ‘self-employed person’ and operating can also be helpful.
