You can apply, but a lender must still verify a regular income under the National Credit Act. Without a payslip, bank statements showing consistent deposits usually do the work. FinChoice decides what evidence it accepts and makes the lending decision.
A payslip is simply the easiest proof that money arrives regularly. What a credit provider needs is evidence that it does. Where no payslip exists, three months of bank statements showing consistent deposits generally serve the same purpose.
Cash income is the hardest case, because money that never touches a bank account cannot be verified. Depositing your earnings into your own account each month builds a visible, consistent record. Three to six months of that history makes a far stronger application than an explanation.
Where income moves month to month, a lender typically works off a conservative average rather than your best month. Expect the assessment to be based on the lower end of your range, and apply for an amount that fits comfortably against that figure.
Altered payslips or statements are fraud, are checked for, and end an application permanently. If your income is genuinely irregular, say so and let the bank statements speak.
You can apply. A lender must verify a regular income, and where there is no payslip, bank statements showing consistent deposits are the usual alternative. FinChoice decides what evidence it accepts and whether to grant the loan.
Typically three months of bank statements showing regular income deposits. Self-employed applicants may also be asked for supporting material about the business. The exact requirement is set by FinChoice as the credit provider.
Yes. Self-employed applicants are usually assessed on bank statements showing consistent deposits over recent months, rather than on a payslip. The final decision rests with FinChoice.
You can apply, but cash that never enters a bank account cannot be verified. Depositing your income into an account in your own name each month builds the record a lender needs to assess affordability.
Regular verifiable income can be considered, but each credit provider sets its own criteria on which income types it accepts and the minimum it requires. FinChoice applies its own criteria to every application.
