What is 'Income Verification'?

All lenders must verify that you can service a loan without experiencing hardship. Lenders verify your income to simply find out if you can afford the loan or not.

If you’re a borrower with irregular income, such as a contractor or self-employed, and you don’t have up-to-date tax returns, you may not be able to verify your income according to the criteria of prime lenders. In such a case, your income requires a different income verification process than a fully employed PAYG borrower.

If you would like to know more, speak to a Lending Specialist on 13 73 77, Monday to Friday 8:00am - 7:00pm AEST.

Disclaimer: Please read

Close View

All applications are subject to Pepper's normal credit assessment and loan suitability criteria. Terms, conditions, fees and charges apply.

This article provides you with factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77 or speak to an accredited Pepper Money broker.

Pepper Group Pty Limited ABN 55 094 317 665; Australian Finance Services Licence 286655; Australian Credit Licence 286655 Pepper Asset Finance Pty Ltd ACN 165 183 317; Australian Credit Licence 458899 © Copyright Pepper Group Pty Limited, All rights reserved.