Kredit für Selbständige

What Is the auxmoney Kredit für Selbständige?

auxmoney is a lending platform that specialises in loans for customers who often struggle to get approved by traditional banks — including self-employed people and freelancers without a classic payslip. The Kredit für Selbständige targets exactly this group and does away with the income documentation usually required, such as a profit-and-loss statement (BWA).

Interest Rate and APR

According to our database, the nominal interest rate for this loan starts at 5.50% p.a., and the APR starts at 6.91% p.a. However, auxmoney doesn't set rates uniformly — they're assigned individually based on the so-called auxmoney score, which goes beyond a plain Schufa credit check. auxmoney's general offer page for self-employed loans cites example rate ranges of roughly 5.0% to 10.0% — the actual rate is only confirmed after an individual assessment.

Loan Amount and Term

For this specific offer in our database, the loan amount ranges from €1,000 to €3,900, with a term of 12 to 36 months. For context: auxmoney's general product page for self-employed loans states a considerably wider range of €1,000 to €50,000 over 12 to 84 months — this likely reflects auxmoney's broader overall lineup, while the terms compared here appear to represent a narrower, specific variant. It's worth checking directly with auxmoney which range applies to your situation before applying.

Processing Fee

Per our database, this loan carries a processing fee of 2.95% of the loan amount — a cost to factor into your total-cost calculation, since it applies on top of the interest.

Early Repayment and Requirements

On the plus side, according to auxmoney, partial early repayments are always free of charge, so the loan can be paid off faster with no early-repayment penalty. Requirements include a minimum age of 18, residence in Germany, and a German bank account. Instead of classic income documentation or a BWA, the provider states that "regular income sufficient to cover the monthly instalment" is enough — an advantage particularly for self-employed applicants with irregular but adequate income.

Who Is This Loan For?

This loan suits self-employed people and freelancers who need a comparatively small loan amount (up to €3,900 in this offer) and who can't get financing from traditional banks due to a lack of payslips or a BWA. Anyone needing a significantly larger sum should check whether auxmoney can offer a bigger range in their individual case.

Pros and Cons

• No traditional income proof or profit-and-loss statement (BWA) required
• Individual rate assessment via the auxmoney score, not just Schufa
• Free partial early repayments at any time
• Specifically tailored to self-employed applicants

• Processing fee of 2.95% on top of the interest
• This specific offer is capped at €3,900
• APR varies significantly depending on the individual score
• Maximum term of 36 months can mean higher monthly instalments

Verdict

auxmoney's Kredit für Selbständige fills a genuine gap for freelancers and self-employed people who get turned down by traditional banks for lacking payslips. Skipping the BWA and classic income proof, plus free early repayment at any time, are clear positives. Against that stand a 2.95% processing fee and — at least for this specific offer — a comparatively low ceiling of €3,900. Anyone needing more capital should ask auxmoney directly about the range available for their individual case.