As long as you are able to provide evidence to the bank of your ability to meet repayments, the bank will not discriminate against you when seeking an investment loan.

When you are self employed, a lender will want to see your business’ tax returns and any other documents that provide information about your sources of income, as well as the details of your monthly expenses.

The amount you are allowed to borrow will be determined by your business’ tax returns and in some cases, self employed individuals can borrow up to 95% of the entire purchase due to their income.

Self employed individuals can apply for standard self employed home loans, investment loans, small business loans and many more.

Lenders will generally require business tax returns for the past 2 years, proof that you have had your ABN for at least 2 years, evidence of profit for each year of operation and evidence of payment to yourself from the business.

The most crucial aspect is being able to demonstrate consistent income, evidencing your ability to meet repayments.

In the case where your taxable income has fluctuated, a lender may assess your income on averages.

If it is a new business, the lender will take the fact that it is a start-up, into consideration.

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