Loan application checklist

Here are the documents you'll need when applying for a loan.

One (1) valid unexpired national photo identification

One (1) valid proof of address (deed, recent utility bill, tax assessment or financial institution/bank statement)

Salaried Individuals: Salaried or Fixed Contract or where commission < 50% total income any two of the following:

  • Recent letter of employment
  • Current contract executed between the employer and employee
  • Pay slip(s) showing the most recent full monthly income (if pay slip shows a deduction at source indicating loan payment, letter of indebtedness is required)
  • Bank statements showing direct payroll deposits for the 2 most recent months - including Scotiabank screen print
  • Most recent income tax return
  • Any official document issued by the local Government indicating income

Commissioned Income: Letter of employment and last 6 months' pay slips

Self Employed Individuals
Income Evidence documents – one of the following:

  • Income Tax Returns for the last 2 years, or
  • Audited Financial Statements for the last 2 years, or
  • Financial Statements for the last 2 years prepared and signed off by an Accountant on the Bank-Approved Panel, or in good standing with the relevant supervisory board, and six  (6) months bank statements, or
  • Any official document issued by the local Government indicating the income