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Thread: Job Change Affect Loan?

  1. #1
    Join Date
    Jan 2008
    Posts
    190

    Default Job Change Affect Loan?

    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?

  2. #2
    Join Date
    May 2008
    Posts
    114

    Default

    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.

  3. #3
    Join Date
    Jan 2007
    Posts
    106

    Default

    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.

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