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Can a self-employed person get a home loan in South Africa?

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 How to get a home loan when you are self-employed Can a self-employed person get a home loan in South Africa? The simple answer is yes. But the bank or the financial institute will have certain requirements that self-employed person has to meet.  These are similar to the rules that registered companies must follow. The moment you earn an extra income, the South African Revenue Service sees it as a business income and you are expected to have financial statements and pay taxes.  Before you apply for a home loan, first find out what amount you qualify. Determine exactly what the bank would need from you before you apply. This would speed up the process and the bank doesn't have to wait for outstanding documents that you probably don't have and still have to search for. If you're applying for a home loan as a self-employed person , then these tips can streamline the process and increase your chances of approval. These are the things to do before you apply for the home loan....
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Bookkeeper for business funding | If you'd never had a bookkeeper before

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Business funding | Why the banks in South Africa want you to get a bookkeeper when you apply for a business loan





If you are a business owner and you've never had a bookkeeper for your business, the banks in South Africa often request that you get one when you apply for funding.

It is a long process to prepare the documents for business funding because those messy books need to be in order when you apply.

The reason the bank wants your financial documents is to see how you manage your business finances. They will be able to see your profits, income, and expenses at a glance. But this is only possible if you have the right bookkeeping systems in place, systems that your bookkeeper will help you to put in place.
Are you a high-growth business with millions at stake? Don't leave the future of your business to chance. Secure your company’s financial future with expert compliance for high-growth businesses. Trust an expert to help you. I am Olivia Sambo, an accountant & MD of Profits And Books Accounting | Bookkeeping Services based in Pretoria, South Africa. As an accountant with years of experience in navigating complex regulations. With my guidance, you can have peace of mind and clarity regarding your compliance, payroll, accounting, and even CIPC queries. Avoid costly penalties and late fees and optimise your business efficiency with my strategic and proactive solutions. I'll guide you through the maze of compliance with efficiency and accuracy. I’m passionate about education and always happy to share my knowledge and expertise with my clients. Schedule a free consultation today and take the first step towards securing the financial future of your business. Contact me at 064 049 0308 or profitsandbooks@gmail.com.

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