Building on the success of the Self Employed Loan (SEL) product launched earlier in the year, SubMe Limited, who is authorised and regulated by the Financial Conduct Authority) (FCA) is investing further in their marketing activity and embarking on a national marketing campaign, proudly promoting their Self Employed Loan (SEL), their flagship loan product which is a short term loan specially designed for those who are self-employed and in construction.
The main thrust of their loan product (SEL) offering is that self-employed workers who have tax deducted at source under the Construction Industry Scheme, (CIS), can get a cash loan secured against their current year's CIS rebate.
SubMe Ltd is part of the dynamic OBK Group, established in 2009, which comprises of four well established, complimentary and specialist companies, SubMe Limited, OBK Tax LLP, Sprite Technical Services UK LLP and Boss Projects LLP.
SubMe has observed first hand that many self-employed workers find mainstream lenders do not always understand the need for a flexible solution to suit the individuals’ situation and short term loan needs. Self-employed workers looking for a loan reported that they wanted more transparency, greater understanding and empathy from lenders.
Greg Kitchen, Director, SubMe Ltd
“The unique feature and benefit of our Self-employed Loan (SEL) is that hard working self-employed, construction workers in the Construction Industry Scheme (CIS) can get a cash loan which is secured against their current year's CIS rebate.
The aim of our marketing campaign is to raise awareness of this option which many are not aware of or are unsure of how it works. We are also very keen to talk about our products and our charges, as transparency is so important to us and our customers. Our interest rates are below the normal lending charge of 0.8% per day and we believe we are competitive and often cheaper than a bank overdraft when comparing daily interest rates.
Our independent reviews through Feefo show a 98% approval rating”
Malcolm Oliver, Senior Partner, OBK Group Ltd
“We like to present the facts - we pride ourselves in ensuring our products are fully compliant with HMRC rules and regulations as well as being authorised and regulated by the Financial Conduct Authority (FCA). We have strict affordability criteria to support ethical lending.
We understand there is a lot of sensitivity in the industry and some lack of clarity about the range and benefits of loan products in the market. There is still some confusion between the difference of what we provide and that of a payday lender; however the facts are clear SubMe Ltd, offer short term loans.”
