The Self-Employed Loan
South Africa runs on hustle - freelancers, sole traders, side businesses that became main businesses. Yet walk into a bank without a payslip and watch the shutters come down. Traditional credit scoring worships salary slips, and the self-employed pay the price regardless of what they actually earn. We think that is backwards.
The Payslip Problem
A payslip proves one thing: predictability. Self-employed income breathes - strong months, quiet months, invoices that pay late. To an algorithm, breathing looks like risk, so perfectly solvent applicants get filtered out before any human reads their file. The absence of a form, not the absence of income, kills the application.
Our Standard: Show the Money Moving
Minute Loans looks at evidence instead of templates. Bank statements showing consistent inflows over months tell the real story, and that story is what gets assessed. Useful paperwork to gather before applying:
- Personal and business bank statements (three to six months)
- Latest SARS return or assessment
- Business registration documents, if registered
- SA ID and proof of address
When the Hustle Bruised the Credit Record
Irregular income sometimes leaves marks - a missed debit order here, a default there. Our ITC Clearance service repairs the record while secured lending keeps finance available in the meantime. Two problems, one roof.
Being your own boss took courage; funding the next move should not take a miracle. Browse the loan options, then apply online - statements ready, minutes on the clock.