In this article, I will talk to you about how self-employed people apply for housing loans. Self-employed people this is relative to those who are paid to work (payg-payasyou go). In Australia, many people can be called self-employed, for example, you have your own business, such as convenience stores, car dealers, coffee shops and so on. Or you earn commissions on sales, such as real estate agents, insurance brokers, financial advisers, etc. Or you have a long-term job, such as computer or other professional jobs, such as construction contractors. Decoration contractors, etc. And you can earn cash by doing all kinds of cash work, such as tutoring the piano, picking up and dropping off at the airport with your own car, or doing odd jobs: in addition, maybe you don't have a fixed professional income, by speculating in stocks, foreign exchange, or real estate. These people can all be called self-employed. If any of the above is suitable for you, you must have had such an experience: your job is stable and your monthly income is considerable enough to pay the monthly repayment. But as we all know, self-employed individuals will make full use of the government's preferential policies and increase their operating costs as much as possible. The result of reasonable tax avoidance will definitely make your tax return very limited. In this way, when applying for a loan from the bank. You will encounter the following problems: first, after deducting various expenses, the tax return income is very limited; Second, although you have a lot of cash income, you can't prove the source of income; Third, you can't provide permanent work certificates or payrolls, so many employees often have money in their hands and no money in their accounts, and banks want to see what is on their accounts. In this way, from the perspective of traditional credit evaluation of banks, your repayment ability will be doubted and eventually recognized as a high-risk borrower by banks. As a result, it is difficult for you to get a loan with satisfactory interest rate and conditions from the bank. This is really unfair, especially in New Zealand. There are many self-employed people. Although the government provides various preferential policies for the self-employed in tax system, the credit policies of many financial institutions are relatively backward, which makes many self-employed people often at a disadvantage when obtaining bank loans. So, how do banks evaluate the income level of self-employed individuals? Generally speaking, since self-employed individuals may provide the employer's work certification letter and salary table, when banks or other financial institutions approve these people's loan applications, they should look at their personal financial status (generally at least 2-3 years of self-employed/business history) and other materials, and then determine the applicant's income level according to the average of these situations, which leads to the tedious and lengthy evaluation process. The trouble with this problem lies not in the self-employed individuals themselves, but in the usual evaluation methods of banks. Fortunately, many banks and financial companies have begun to adopt flexible and innovative methods to design loan policies specifically for individual operators to meet market demand. Some loan schemes require self-employed people to provide any form of proof of income, but they get preferential loans according to their good personal credit records.