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Are you unable to obtain credit on the market because you cannot provide proof of income for self-employed workers? Read the text and find the solution!
A freelancer is a professional who carries out his activities on his own, that is, he does not have an employment relationship with any company and is his own boss.
The number of self-employed workers in Brazil hit a record high earlier this year, surpassing the 25 million mark.
Having your own business is challenging, and professionals face many difficulties. One of them is access to credit to invest in the business.
This is because one of the rules for requesting a loan or credit card is proof of income.
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However, there are some options proof of income for self-employed. Furthermore, there are also banks and fintechs that do not require this document to approve credit.
Continue reading and find out how to prove your income. In addition, find some loan and credit card options for self-employed workers for your business.
Don't forget to follow!
Text index:
- What can be used as proof of income?
- 1. Bank statement
- 2. RPA
- 3. Income Tax Declaration
- 4. Decorate
- List of credit cards and loans that do not require proof of income
- Conclusion.
What can be used as proof of income?
Proof of income is a document that serves to prove that the applicant has a fixed income.
This way, the bank understands that he is able to pay for the product and knows his payment capacity.
Proving your income is a great way to increase your chances of approval when applying for credit.
Furthermore, it gives you access to better products, for example, with higher limits and a more attractive interest rate.
The pay slip is the main document used to prove income, however, it is issued by a company to its employees.
Self-employed people do not receive pay stubs. However, there are other documents that can be used to prove income, and they are also accepted by banks and financial institutions.
Check out 3 examples below!
1. Proof of income for self-employed workers: Bank statement
The bank statement is the second most used document to prove income and the most used by self-employed workers.
To prove income with this alternative, you need to have a current account at a bank.
Furthermore, you must concentrate all your earnings in this account, that is, the bank statement must be for a full month, so receive as many payments as possible in this account.
Institutions usually ask for more than one bank statement to assess your earnings and see if there is regularity in receiving payments.
So if you are looking for a good proof of income for self-employed, Use your bank statement. But don't forget that it will be a tool to prove your earnings and also your ability to pay.
The higher and more recurring the amounts, the greater the chances of approval and obtaining high limits.
2. Proof of income for self-employed workers: RPA
The Self-Employed Payment Receipt is also an alternative to prove income. It can be used by self-employed professionals.
This document is issued by the service contractor and serves as proof of payment for individuals.
The RPA can be easily purchased at stationery stores or online stores. It should contain information such as:
- Name or corporate name of the company or contractor;
- Value of service provided;
- Taxes collected;
- Date
- Identity documents;
- Signatures.
Read our text👉 The Self-Employed Payment Receipt is your chance to prove your income and learn about the advantages of using RPA as proof of income.
In addition to the RPA, you can use other receipts to prove your income, so keep all receipts and keep them organized.
3. Proof of income for self-employed workers: Income Tax
Always try to file your annual Income Tax return. In addition to being mandatory even for self-employed workers, it can be used as proof of income.
This document shows the bank all your financial transactions from the previous year.
However, for this reason, banks may require more recent documents to prove income.
In other words, something that proves your earnings over the last few months. You can use your income tax return and some receipts from the last few months, for example.
4. Proof of income for self-employed workers: Memorize it
The Income Statement also serves as a proof of income for self-employed.
It is issued by an accountant and is legally valid. Decore brings together several records of the self-employed person's monthly income.
Self-Employed Payment Receipts, Income Tax Declaration, Carnê Leão, contracts and receipts can be used to issue Decore.
Before requesting a service or purchasing a product, you need to find out what proof of income the company accepts.
This way, you can purchase the right alternative.
List of credit cards and loans that do not require proof of income
Loan or credit card? Which service do you need right now to invest in your business or to organize your finances?
Did you know that there are financial products aimed at self-employed people? That's right! They don't require any type of proof of income.
We have selected some alternatives to present to you from now on! Be sure to follow along!
#Credit card that does not require proof of income Digio
THE Digio credit card does not require proof of minimum income, and is also known for having a good approval rating.
In addition to self-employed people, it easily accepts people with low credit scores, but those with negative credit scores may encounter resistance when it comes to approval.
This card offers high initial limits, as do most cards issued by Bradesco.
When requesting the Digio credit card, you will have access to a complete digital account, and thus, both can be a great tool to help you organize your business finances.
In addition to the credit card, with the digital account it is possible to have access to different loan models with the best rates on the market.
You can have a pre-approved limit without having to prove your income as well.
See below some advantages that the Digio credit card offers:
- Zero annual fee;
- Digiocashback;
- Zero revolving interest;
- Virtual card;
- Referral program;
- Contactless payment.
#Credit card C6 Bank
C6 Bank is also a great alternative for those who want to have access to financial products more easily and simply.
It offers an interesting variety of credit card colors, each one more beautiful than the other.
You can choose a card with your face on it!
The C6 Bank credit card has no annual fee, and it is easy to approve and has no bureaucracy.
You can still accumulate points in different ways, especially when purchasing using credit or debit cards.
You can then easily exchange your points in the app for cashback, discounts on airline tickets and much more!
If you do not have an initially approved credit limit, you can use the CDB credit card, an investment where the money invested in the CDB becomes a limit on the credit card.
🔜 Understand how the C6 Bank Credit Card CDB works.
The digital account and card are free and have no unnecessary fees.
#Next Visa International Card
The Next credit card has no annual fee and does not require proof of income for autonomous.
It is also an easy-to-approve alternative with no bureaucracy. Among the advantages it offers, we can highlight, for example:
- Refer a friend program;
- Unlimited withdrawals;
- Discounts in partner stores and websites;
- Pampering;
- Go Visa Program.
In addition to a credit card, it also provides a pre-approved loan limit on the app.
✅ Discover more benefits and find out how to request yours!
#Neon
The Neon credit card is a simple and easy-to-use alternative, ideal for everyday purchases.
It has no annual fees and does not require a minimum income from applicants. Its card is Visa and you can use it in Brazil and abroad.
The card app is very simple to use and intuitive, making it a great tool to help you organize your personal or business finances.
Now that you have seen some alternatives, credit cards that do not require proof of income, how about learning about loans?
Don't stop reading here!
#Loans Without proof of income for self-employed Yes
Sim Empréstimos is Banco Santander's digital lending platform. On this platform, you can get a personalized loan without having to prove your income.
It is possible to request amounts of up to R$$30 thousand with an interest rate starting at R$2.83% per month. The amount can be paid in up to 36 installments and after the request the money will be in your account within 3 business days.
The Sim Empréstimos online platform is also known for being simple and less bureaucratic. Therefore, be sure to perform a simulation.
#Super Yes
Super Sim is an online lending platform that has a high approval rate for its credit products.
Despite having an exclusive loan for self-employed people, they request some type of proof of income.
You can use one of the alternatives highlighted at the beginning of the text. With Super Sim you can request up to R$1,500 and the amount can be paid in up to 12 installments.
On this platform, even self-employed people with bad credit can get a loan, however, all this convenience comes at a price.
Super Sim interest rates can reach up to 17.5% per month.
#My Everything
Meu Tudo is another suggestion for an online platform to request a loan without proof of income for self-employed.
It offers different types of loans to its customers and the interest rates are competitive.
Payment conditions and interest rates may vary depending on the loan model.
In fact, Meu Tudo is one of the fintechs that will offer the loan assigned by Auxílio Brasil.
Conclusion
Not having proof of income can make it difficult to apply for credit. However, there are many financial institutions that do not require this document.
However, if you have any way to issue some proof of income for self-employed workers, Be sure to do so, as this can increase your chances of approval and even give you access to products with better payment conditions.
