B
Banking
Bank Statement
Your bank statement is basically a confession of your spending habits. It shows deposits, withdrawals, how much you're burning monthly, and what random stuff you're paying for. Lenders demand three months of statements to see if you actually have enough left over to pay back their loan.
Usage Examples
"Lerato submitted her statements and the lender spotted she was spending R800 a month on gaming in-app purchases. They knocked R5,000 off her approved amount immediately."
"Your bank statement shows whether you hustle for side money, get dodgy transfers, or have gambling issues. Be honest about it because lenders will spot it anyway."
"Zanele downloaded her statements from Capitec for free and noticed a debit order she forgot to cancel — savings R200 a month."