Self-Employed With No Payslip: How Ndzinga Verifies Your Income

"I do hair from home in Soshanguve, I make about R9,000 a month but it's cash and some EFTs, I don't have a payslip. Every lender wants a payslip. What do I do?" You do not need a payslip. You need evidence of income, and a payslip is just the easiest form of it.

What replaces the payslip

• Three months of bank statements on the account your customers pay into. This is the primary document — it shows the deposits, their regularity, and what leaves the account.
• If most of your income is cash, deposit it before you apply. Income that never touches a bank account cannot be verified, and unverified income cannot be counted under section 81.
• Invoices, a SARS return, or a business bank account if you have one — helpful, not required.

How the numbers are treated

Self-employed applicants go through exactly the same affordability formula as salaried ones: verified monthly income, minus living expenses, minus existing repayments, with 70% of the remainder as the instalment ceiling. There is no separate self-employed rate and no self-employed penalty. The only difference is that verification takes more care, so an application with clean statements moves faster than one that needs a second request for documents.

Which product fits

For a short gap — stock, a repair, a supplier deposit — the short-term loan is a single repayment within 30 days from R500 up to R10,000. For a larger, planned need, a personal loan runs from R2,000 to R100,000 over 3 to 60 months. If you supply goods on a confirmed purchase order, purchase-order funding is often the better fit than either.