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Rent to own when you’re self-employed
Short answer
Without a payslip, banks often decline self-employed people even when the business earns well. Rent-to-own providers can approve on 6 months of bank statements instead. At YeboAuto, self-employed applicants qualify from an average turnover of R15,000 a month.
What to send
- 6 months of business or personal bank statements
- SA ID and driver’s licence
- Proof of address
- Optional: invoices, supplier accounts, a CIPC registration
Tips
- Keep business income going into one account, so it’s easy to see.
- Pick a weekly amount that works in your slow months too.
Questions drivers ask
Do I need a registered company?
No. A CIPC registration helps, but personal bank statements showing steady income can be enough.
Can the car or bakkie be used for the business?
Yes. Many self-employed customers choose a bakkie for work.