How Banks Assess Casual Income
Banks typically assess casual income over a six month period and then annualise it to determine borrowing capacity.
The key factor is consistency. Regular income with minimal gaps is viewed more favourably, while inconsistent earnings or large breaks in employment can reduce how much income is accepted.
Maintaining steady work and income history helps strengthen your position when being assessed.
About author
Shehan Wijayasinghe
Accounting
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