Earn Commission or Overtime? Your Income Still Counts.

Many South Africans earn a significant portion of their income through commission, overtime, bonuses, allowances, or other variable earnings. While some banks can be conservative when assessing variable income, the right lender and the right application strategy can make a substantial difference to your approval prospects and borrowing capacity. Our team understands how banks assess variable income and helps ensure your earnings are presented accurately and effectively.

105% finance available in some cases 8+ banks compared R 0 cost for our services 30yrs maximum loan term

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Benefits

Why Commission Earners Choose Phoenix Bonds

Variable income applications require more than simply uploading payslips. We understand how banks assess fluctuating earnings and help position your application for the strongest possible outcome.

We Understand Bank Policy

Different lenders assess commission, overtime, bonuses, and allowances differently. We identify the banks most likely to recognise your income and maximise your affordability.

Your Full Income Picture Matters

Our team helps present your earnings accurately, ensuring income trends, consistency, and supporting documentation are properly reflected within your application.

Multiple Banks Compared

Rather than relying on a single bank's affordability model, we compare multiple lenders to help secure the most competitive approval, interest rate, and loan amount available.

How It Works

A Simple Three-Step Process

Our team manages the complexity of the home loan process while you focus on finding the right property.

Step 1: Prequalification

We review your income structure, affordability, credit profile, and variable earnings to determine your likely borrowing capacity and identify the lenders best suited to your circumstances.

Step 2: Review & Submit

Once you've supplied your documents, we prepare your application, complete the required paperwork, structure the submission, and submit to the most suitable banks on your behalf.

Step 3: Choose Your Best Offer

Once offers are received, we compare the available options, negotiate where possible, and help you select the most suitable home loan based on interest rate, costs, and lending terms.

FAQs

Everything you need to know before you apply.

Clear answers to the questions homebuyers earning commission or overtime usually ask before applying for a home loan.

Can I qualify for a home loan if I earn commission?

Yes. Most South African banks will consider commission income provided it can be demonstrated as consistent and sustainable.

Does overtime count as income?

Yes. Many banks will include overtime earnings when calculating affordability, subject to their individual lending policies. Most banks will require 6 consecutive months of overtime for it to be included.

How much commission income will banks consider?

This varies by lender. Some banks will use a six-month average, while others may remove the highest and lowest and use the average of the remaining four months.

What if I recently had an exceptionally good commission month?

Banks generally focus on consistency rather than one-off earnings. In some cases, additional payslips or a longer income history may be requested to demonstrate that the higher income level is sustainable.

Will banks ask for more than six months' payslips?

Sometimes. Where income fluctuates significantly, certain lenders may request a 12-month history or even review earnings over multiple years.

Do bonuses and allowances count?

Many banks will consider bonuses and certain allowances, although the treatment differs between lenders.

Can I qualify for a 100% home loan?

Potentially. Subject to affordability, credit profile, property type, and bank policy, some applicants may qualify for 100% or even 105% finance.

What if my commission varies every month?

This is common. Banks generally use averaging methods to determine sustainable income rather than relying on a single month's earnings.

Do I need a permanent employment contract?

Most banks prefer permanent employment, although some contract employees may still qualify depending on their circumstances.

Which professions commonly qualify under this category?

Sales professionals, estate agents, recruitment consultants, financial advisers, insurance brokers, healthcare professionals earning overtime, hospitality managers, and many other employees with variable income structures.

Final CTA

Free Commission Earner Assessment

Not sure how much of your commission, overtime, or bonus income a bank will recognise? Speak to a Phoenix Bonds consultant for a free assessment of your affordability, borrowing capacity, and home loan options.

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