FAQs
Answers to the most frequently asked questions.
General Question
1. Who is Selfmade Finance?
Selfmade Finance is a digital lending fintech/Neobank for small and micro businesses.
2. How is Selfmade Finance different from a bank?
Selfmade Finance doesn't operate as a bank and doesn't hold a banking license. We wanted to support small businesses that receive no funding from banks or other financial institutions.
3. Does Selfmade Finance itself lend money?
Selfmade Finance provides credit terms for purchases instead of cash.
4. Why should I choose Selfmade Finance?
Selfmade Finance has developed a platform that specifically supports and responds to the financial needs of growing businesses.
5. What kinds of businesses does Selfmade Finance lend to?
Selfmade Finance offers the following loans to businesses: Dealer, Sub-dealer, HoReCa, Construction, Plastics, B2B Platform, Tire, Oil, Logistics, Insurance
Business Question
1. What requirements and documents are needed to apply?
The requirements for applicants have already been defined by Selfmade Finance is based on each of our products. Learn more about details in our product description.
2. What kinds of products are credited instead of cash for purchases?
Selfmade Finance offers the following products that accept payment with credit instead of cash: Dealer and sub-dealer financing* and Buy Now Pay Later*
3. What is the interest rate?
Learn more about details in our product description.
4. How soon can I receive credit?
Usually within xxx of submitting your request on the platform and the required documents in our product description.
5. What is the credit term for repayment?
The credit term for repayment can be up to 30, 45, 60, or 180 days depending on the type of product with the exception of term loans, which have a loan term is limited up to 4 years, and insurance premium financing, which has installments of up to 12 months.