In most cases, a salary certificate or salary slip can be provided by the employer to the employee, in order to obtain a loan from the bank. A salary certificate is an essential document for working employees to be used for availing financial assistance from banks. When an employee approaches a bank to borrow money, normally the bank firstly inquires about the repayment capacity of the borrower.
How to create a Salary Certificate for your employee(s) to apply for a loan?
The best source bank relies on a Salary certificate, issued by the head of the department the employee works. A salary certificate is an essential document for working employees to be used for availing financial assistance from the banks. When an employee approaches a bank for a financial loan, such as a housing loan or loan to buy a vehicle, the bank firstly inquires about the repayment capacity of the borrower.
The best source bank relies on a Salary certificate, issued by the top management or the manager of the employee. Such a salary letter must contain the most essential information, such as
- Salary paid (Net and Gross payable salary);
- Job title;
- Time period;
- Salary Structure;
- Basic Pay;
- House Rent;
- Other perquisites, if any;
- Income Tax (TDS to deducted);
- Professional Tax.
In India, they also use the terminology: "Form 16" which is the same as a Salary certificate. This Salary Certificate sample will be useful to provide the necessary details to the banks, in order to assist your employee in their need for a loan. It is created by HR and Finance professionals, intelligently structured, and easy-to-modify. For your convenience, and to save you or your HR department time, cost, and efforts, we provide this professional salary certificate.
Download this Human Resources Salary Certificate template now! Alternatively, if you are the employee that needs a decent letter to send to your HR department to ask for a Salary Certificate, check out this Salary Certificate Request Letter template as well.
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Lilia Beasley - DEU
Thanks and I will use your site more often if you don't mind.
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Great work, thanks
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