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Posts Tagged 'salesperson'

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How Banks View Commission and Overtime When You Apply for a Home Loan in South Africa

If you earn a basic salary plus commission, overtime, or bonuses, you’re not alone. In South Africa, many professionals — from salespeople to nurses to freelancers — have variable income structures.

But when it comes to applying for a home loan, it’s important to understand how banks view this kind of income. Spoiler alert: it’s not treated the same as a guaranteed salary.

Here’s what you need to know.

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