How to create a Salary Certificate for an employee to apply for a loan? Download this sample Salary Certificate template now!
We support you and your company by providing this Salary Certificate Letter HR template, which will help you to make a perfect one! This will save you or your HR department time, cost, and efforts and help you to compile a professional salary certificate.
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.
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.
This Salary Certificate is accepted by most banks if it's properly signed and stamped. It is drafted by HR professionals, intelligently structured, and easy-to-navigate through.
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