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