When you are borrowing money, the normal requirement is that there is an income. This is not particularly strange since a lender obviously wants you to have money to pay interest and pay down the loan. If you have no money coming in, you probably also have no opportunity to pay on the loan, which creates both problems for you and the lender.
Impossible to borrow money if you did not have a fixed income
Looking back a little in time, it was basically impossible to borrow money if you did not have a fixed income, which has changed a little lately. The whole reason for this is that many types of work that do not exist are counted as permanent employment. For example, if a person has many temporary jobs or has a project attitude, this will not count as permanent employment.
Apply for a loan from a little less well-known lender
It is likely that you will be able to apply for a loan from a little less well-known lender, since the big banks are usually the hardest when it comes to the requirement for a permanent job. Then it is very important to remember that there are still no guarantees that you will be able to borrow money even if the lender officially says that they lend to people who do not have that fixed annual income.
A credit check will be performed and it is the answer from this that determines whether you can borrow some money or not. Thus, it is still important to have an economy that is under control, etc. in order for an application to be able to go through if the credit check is carried out correctly.
One thing that can help you borrow is if you have a co-borrower. This is simply another person you borrow the money with. If two borrowers increase the chances in the lender’s eyes that they will get their money back, which also increases the chances of the application being approved. Regardless of whether it is only you who then repays the loan or does not have this person the same responsibility for the debt, then you would not repay the loan, the lender will demand money from this person.
A co-borrower can actually be anyone but usually is a family member or partner. It is important to be aware of the requirements placed on a person who is a co-borrower. That person should be aware that it has as much responsibility for the loan as you have and should it be, for example, a partner and you then share with you, this responsibility still exists.