if one will to use a formal pay slip to apply for loan but while waiting for the loan to be approved, there was a job change will it affect the loan status. does one need to inform the bank?
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if one will to use a formal pay slip to apply for loan but while waiting for the loan to be approved, there was a job change will it affect the loan status. does one need to inform the bank?
I believe this is what I will do.... I will tell the banker that I have change job and will not be getting my pay slip any sooner. If they can still use my previous pay slip that I submitted to continue with my application. Ask for their advise instead of guessing here.
Whether you should inform the bank is really a matter of ethics. I personally don't see many people having any sense of responsibility toward banks though. And yes, there is a chance that a job change will impact on your loan application.