Bank statements are an important part of the affordability assessment process.
They help us understand your financial activity and verify your income so we can determine whether you're eligible for credit.
Why Are Bank Statements Needed?
South African regulations require credit providers to assess affordability before approving a credit.
Your bank statements help us:
- Verify your income
- Understand your spending patterns
- Review existing financial commitments
- Determine a suitable credit offer
How Are They Used?
Our system securely analyses your banking activity to assess affordability and generate your Fido Score.
The information is used only for credit assessment purposes and is handled in accordance with applicable privacy and data protection requirements. Providing clear and complete bank statements can improve the accuracy of your assessment and help us make a faster decision.