RM1,000 - RM100,000 | No Fixed Payslip Needed | We Accept Bank Statements
Banks reject you because you don't have a "regular payslip"? We get it - your income is real, just not traditional. Learn exactly how to prove your self-employed income and get approved.
✓ Bank Statements Accepted | ✓ Irregular Income OK | ✓ 6-Month Business History Enough | ✓ Licensed KPKT
You work hard. You earn good money. But banks see "no payslip" and instantly click "REJECT". Here's why - and how we're different.
"Too risky, too complicated"
Bank's automated system looks for: "Monthly salary from Company X". You don't have that? Auto-reject. Their system can't process irregular income.
You earned RM8,000 in January, RM5,000 in February, RM12,000 in March. Banks don't know how to calculate this. "What if it drops to RM0 next month?"
Banks verify employment through EPF contributions. Self-employed? No EPF from employer = "Not real income" in their eyes.
Banks call your company's HR to confirm employment. You ARE the company? They don't trust self-verification.
Result: 85% of self-employed loan applications are rejected by banks - even when your income is HIGHER than salaried employees!
"Show us your real income"
We look at your 6-month bank statements. Grab payments? Client transfers? Cash deposits? We calculate your AVERAGE monthly income. Real money in = real income.
Irregular income is NORMAL for self-employed. We calculate 6-month average: (Total income ÷ 6 months). RM45,000 over 6 months = RM7,500/month average. Simple.
No EPF? No problem. Show us: client invoices, online platform statements (Grab, Shopee, Lazada), tax returns (LHDN), business bank account, or customer payment receipts.
We know seasonal businesses (CNY higher sales), weekend-heavy (hawkers), platform-based (Grab surge pricing). We don't penalize you for how business works.
Result: 67% of our approved loans are for self-employed applicants. Your hustle is respected here.
Grab driver? We look at your Grab statement.
Shopee seller? Show us your Shopee Seller Centre report.
Freelancer? Client invoices + bank transfers work for us.
Hawker? Daily cash deposits over 6 months = provable income.
Real income = real approval. Here are self-employed categories we regularly approve.
What we need: 6-month Grab driver statement showing weekly payouts
What we need: Platform sales report + bank account showing payouts
What we need: Client invoices + bank transfers for past 6 months
What we need: 6-month bank statement showing daily cash deposits
What we need: Project invoices + customer payments for 6 months
What we need: Platform payment screenshots + bank deposits
Don't see your occupation? If you earn money regularly (even if amounts vary), we can likely approve you. Apply and explain your income source!
Step-by-step guide to documenting your income. No payslip? No problem. Here's exactly what we accept.
✅ With RM7,333/month average, you qualify for RM25,000-35,000 loan (depending on DSR)
⚠️ Tip: Use your BUSINESS bank account if possible. Personal account with mixed personal/business transactions works too, but business account is clearer.
Download from Grab Driver app:
From Shopee/Lazada Seller Centre:
From YouTube/TikTok analytics:
💡 Combine with bank statements: Platform statement shows earnings, bank statement shows you actually received the money. Both together = strongest proof.
For freelancers, consultants, contractors: Show us your client work and payments
Example approval: Freelance graphic designer with 4 regular clients, RM2,000-4,000/client/month, invoices + bank transfers match perfectly = APPROVED for RM30,000 loan
Bonus supporting document: Not mandatory, but strengthens your application
⚠️ Reality check:
Many self-employed people "optimize" their tax returns (declare lower income). We understand. That's why tax return is optional supporting document, not main proof.
We primarily look at your actual bank statements showing real money flowing in - not declared income for tax purposes.
Most challenging but we CAN approve: If you deal mostly in cash, here's how to document
Deposit cash into your bank account DAILY or at least 2-3 times per week. This creates a paper trail.
Example pattern we love to see:
✅ Pattern shows: RM24,500/month cash income, consistently deposited = PROVABLE
💡 Start now: If you're reading this and haven't been depositing regularly, start TODAY. After 6 months of consistent deposits, come apply. We'll be ready to approve you!
Your loan amount depends on your average monthly income from the past 6 months
(We use 60% DSR limit vs banks' 50%)
✅ We'd likely approve RM40,000-50,000 (conservative, sustainable amount)
✅ We'd likely approve RM80,000-100,000 (our max limit + conservative estimate)
💡 Important note on "average income":
We take your 6-month average, but we also look at the trend. If your income is increasing month over month (RM5k → RM6k → RM7k), we may approve based on recent 3-month average (higher amount). If income is decreasing, we use conservative 6-month average or ask for 9-12 month history to see full picture.
These are actual clients we approved in the past 6 months
Grab Driver - Petaling Jaya
"Banks rejected me 3 times because 'no fixed salary'. ePlatform looked at my actual Grab income and approved in 2 days!"
Shopee Seller (Fashion) - Kuala Lumpur
"I showed ePlatform my Shopee sales report and bank transfers. They understood my business cycle and approved RM50k for inventory. Sales jumped 40% during CNY!"
Freelance Web Developer - Penang
"As a freelancer, I thought I'd never get approved. But ePlatform actually READ my client contracts and invoices. They saw my retainer clients = stable income. Approved in 3 days!"
Nasi Lemak Hawker - Johor Bahru
"I sell nasi lemak, all cash business. For 6 months I deposited cash every few days like ePlatform suggested. They calculated my daily deposits and approved RM60k! Now I serve 200 customers instead of 100!"
These 4 approvals have one thing in common: They proved their income with documentation.
Start gathering your documents today. In 6 months (or less if you already have history), you'll be approved too.
Use your average monthly income (from past 6 months) to see what you can afford
💡 Remember: Self-employed income = 6-month average. If you earned RM60,000 total in 6 months, your "income" for loan purposes = RM10,000/month.
Minimum requirement: 3 months of documented income, but approval chances are much lower and loan amount will be conservative.
Recommended: Wait until you have 6 months. Here's why:
Our advice: If you're only 2-3 months into self-employment, use this time to build good documentation habits (bank deposits, invoices, records). Apply when you hit 6 months for best results.
Short answer: Not if the average is good and trend is stable/upward.
We understand self-employed income fluctuates. Here's how we assess:
Why it's OK: Income ranges RM6k-10.5k but always above RM5k, trending upward, no months with zero income.
Why it's risky: Huge swings (RM800 to RM15k), no predictable pattern, some months barely cover living expenses.
Solution if you have wild swings: Provide 9-12 months of history instead of 6. Longer history smooths out anomalies and gives us confidence in your average.
Great! Multiple income streams = more stable, not more risky.
In fact, we PREFER applicants with diversified income. If one stream drops, others continue.
Makes it easier to calculate total. Grab deposits here, Shopee deposits here, client transfers here - all in one statement.
Grab statement + Shopee seller report + freelance invoices. Shows breakdown of where income comes from.
Grab avg RM4,500 + Shopee avg RM3,200 + Freelance avg RM2,800 = RM10,500/month total income
Example approval: Applicant earning RM3,000 from Grab + RM2,500 from Shopee + RM1,500 from freelance photography = RM7,000/month total. Approved for RM30,000 based on combined income. Multiple streams = financial stability!
Possibly, but it's harder than salaried applicants with bad credit.
Here's the reality:
= Two risk factors combined. We'll need:
= Much higher approval rate (70% vs 25%)
Why this matters: Self-employed + bad credit = you're asking us to trust that (1) your fluctuating income will continue AND (2) you'll pay on time despite past payment issues. That's a lot of risk.
If you MUST apply now with bad credit, be prepared for: higher interest rate (13-16% APR), lower amount (50% of what you'd get with good credit), or potential rejection. Consider improving one factor first.
Honest answer: Longer than salaried employees.
3-5 working days
5-7 working days
Compare to salaried: Employee with payslip = 24-48 hours (automated). Self-employed = human review needed = longer but more thorough.
💡 Speed it up: Submit COMPLETE documents on Day 1. Incomplete docs = back-and-forth = delays. Most 7-day approvals could've been 3-day if documents were complete upfront!
Not a weakness. We understand your income. We approve your loan.
No payslip? No problem. Bring your bank statements, platform reports, invoices - we'll calculate your real income and give you a real loan.
Of our loans go to self-employed
Income history needed (not years)
Approval rate with 6-month docs
✓ No Payslip Required | ✓ Bank Statements Accepted | ✓ 60% DSR Limit | ✓ Licensed KPKT
"Banks see risk. We see entrepreneurship. Your hustle deserves financing."