How to get a home loan without a payslip

Being your own boss has plenty of perks – flexibility, freedom and the chance to grow your own business. But when it comes to applying for a home loan, not having a payslip can feel like a roadblock. The good news? It doesn’t have to be.

At BetterBond, we work with thousands of self-employed South Africans – from freelancers and gig workers to small business owners – to help them secure home loans, even without a traditional nine-to-five income. If you can show that you earn a steady income and can afford the repayments, you can get a home loan without a payslip.

While most banks ask for a payslip as part of their standard application process, it’s not the only way to prove your income. What lenders really care about is your ability to repay the loan. If you can demonstrate financial stability through other documents, you’re still in the running.

What do you need to apply?

If you're applying for a home loan without a payslip, you’ll need to provide alternative proof of income. These documents help lenders understand your earning patterns and assess affordability. You may be asked for:

These are used in place of a payslip to show that your income is consistent and sufficient to cover your monthly bond repayments.

How BetterBond helps

Applying for a bond without a payslip might seem complicated, but with BetterBond on your side, it’s a lot easier. We understand the unique challenges self-employed buyers face, and we know which banks are more flexible when it comes to non-traditional income.

Here’s how we help:

There’s no cost to you, and our goal is to make the process as seamless as possible.

What about fast approval?

Home loan approval takes time – even more so when you don’t have a payslip. Banks need to do a more detailed income assessment. But we help speed things up by making sure your documents are in order and your application is submitted promptly to the right lenders. And we keep you in the loop every step of the way.

BetterBond can also help you with a pre-approval. This is an essential step in the journey for self-employed individuals because it tells you how much you can comfortably afford, based on your income and expenses. It also speeds up the application process because a lot of the work is done in the pre-approval phase. The home loan application is then faster and easier.

Start your application today

Don’t let the lack of a payslip stop you from owning a home. Whether you're a freelancer, contractor or run your own small business, BetterBond can help you secure a bond that works for you.

Start your online application today – and take the first step toward owning your own home, on your terms.