No payslips? No ITR? You can still get approved using the transaction data you already have.

If you’re a freelancer, online seller, or COD-based solopreneur, you’ve probably been rejected by traditional lenders simply because you lack “standard income documents.” The good news? In 2025, micro-loan providers are finally accepting GCash transaction history as proof of income—making borrowing easier even without a 9-to-5 job.

Banks and legacy lenders still rely heavily on:

• Payslips
  
  
• ITR (Income Tax Return)
  
  
• COE (Certificate of Employment)
  
  

But freelancers and online sellers rarely have these. Your income is:

• Irregular — some weeks high, some weeks slow
  
  
• Platform-based — GCash, Shopee, Lazada, PayPal, TikTok
  
  
• Transaction-heavy — but not always documented formally
  
  

This makes you look “risky” on paper, even if you’re earning more than a regular employee.

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In 2025, digital lenders have shifted to cash-flow-based underwriting. Instead of payslips, they now review:

• Weekly GCash deposits
  
  
• Sales payouts from marketplaces
  
  
• Peer-to-peer transactions
  
  
• QR sales receipts
  
  
• COD settlements received via GCash
  
  

Lenders don’t just check balance—they evaluate income patterns, stability, and spending consistency. This means your GCash can now count as your income document.

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Step 1 — Download 3 Months of GCash Statements

Inside GCash, go to Transaction History → Download Statement.
Most lenders require at least 90 days of data.

Step 2 — Highlight Income Patterns

Circle or highlight:

• Deposits from clients
  
  
• Marketplace payouts (Shopee, Lazada, TikTok Shop)
  
  
• COD settlements
  
  
• Wallet transfers labeled “payment”
  
  

You’ll use these to show stable weekly/biweekly earnings.

Step 3 — Compute Your “Average Weekly Earnings”

Lenders want to see consistency. Example:

• Total income (3 months): ₱84,000
  
  
• Divide by 12 weeks: ₱7,000/week average
  
  

This gives lenders an easy way to quantify your cash flow.

Step 4 — Attach Your Finmerkado Income-Declaration Template

To strengthen approval, freelancers can use a self-declared income sheet.
Your template should include:

• Name
  
  
• Industry (e.g., Shopee seller, graphic artist, TikTok shop owner)
  
  
• Average weekly/monthly income
  
  
• Sales channels
  
  
• Attached GCash statements
  
  

A successful application typically includes:

1. GCash Statements (3–6 months)

Clear, readable, showing weekly deposits.

2. Visible Sales or Client Payments

Underwriters check if deposits come from:

• Clients
  
  
• Marketplace sales
  
  
• COD remittances
  
  
• Service payments
  
  

3. No red flags

Avoid:

• Sudden unexplained large transfers
  
  
• Heavy gambling transactions
  
  
• Frequent zero-balance days
  
  

If you sell on marketplaces, your seller dashboard is powerful documentation.

Submit:

• Lazada Business Advisor screenshots
  
  
• Shopee Seller Centre sales report
  
  
• TikTok Shop payout history
  
  
• COD settlement pages
  
  
• Order completion rates
  
  

These confirm real income—even if payouts land in GCash.

Optional: Lazada Seller Loan Philippines (High-Volume Sellers)

If you have ₱30K+ monthly sales, Lazada’s own seller loan partners may offer:

• Higher limits
  
  
• Faster approval
  
  
• Lower interest
  
  

Your external micro-loan application becomes even stronger with this data.

COD Cash-Flow Lending: When Daily/Weekly Payouts Count as Income

For COD sellers, cash flow matters more than formal documents.

Lenders now review:

• Daily COD remittances
  
  
• Weekly payout amounts
  
  
• Return-to-sender (RTS) rate
  
  
• Completion rate
  
  

Best Practices for COD Sellers

• Keep RTS below 10%
  
  
• Avoid cancellations
  
  
• Maintain stable weekly dispatch volumes
  
  

These patterns prove income reliability.

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Freelancers typically qualify for:

1. Finmerkado Partner Lenders (Primary Reference)

Loan amounts: ₱2,000 – ₱50,000
Processing: Same day
Requirements:

• GCash statements
  
  
• Valid ID
  
  
• Self-declared income form
  
  

2. App-Based Micro-Lenders

Examples:

• Tonik
  
  
• Maya Credit
  
  
• JuanHand
  
  
• UnaCash
  
  
• BillEase (for purchases)
  
  

3. Marketplace Lending (Seller-Focused)

• Lazada loans
  
  
• Shopee seller funding
  
  
• TikTok Shop business financing
  
  

These rely heavily on sales and payout data, not payslips.

Tips to Boost Approval Without Payslips or ITR

• Keep GCash active weekly (avoid 2–3 week gaps)
  
  
• Label income deposits properly (e.g., “payment,” “client deposit”)
  
  
• Reduce spending-to-income ratio
  
  
• Upload complete, clean documents
  
  
• Use a consistent mobile number across apps
  
  

Avoid multiple loan applications in a single week

In 2025, Filipino freelancers, online sellers, and COD entrepreneurs finally have a fair chance at borrowing—even without payslips or ITR. With lenders now analyzing real cash flow through GCash history, marketplace dashboards, and weekly earnings, your digital income footprint is enough to qualify for micro-loans that match how you actually earn. This shift gives self-employed Filipinos faster access to credit and a more accurate way to prove financial stability.

As digital work continues to rise, these new lending standards will only grow stronger. And if you need help comparing options or understanding which micro-loan best fits your income pattern, Finmerkado makes the process clearer, simpler, and borrower-friendly—right when you need it most.