Overview

When applying for a personal loan, only your personal income is considered. Household or spousal income cannot be included. This guide explains what qualifies as acceptable income and what does not.

What Is Considered Income?

We accept the following sources of personal income: 
✔ Salary, bonuses, or commissions paid by your employer 
✔ Hourly wages, including overtime 
✔ Self-employment income (must be consistently earned for a full calendar year and verified with a tax return) 
✔ Income from shares in a corporation or partnership (verified with a tax return) 
✔ Rental income (must be earned for a full calendar year and verified with a tax return) 
✔ Trust, pension, disability, retirement, or Social Security income 
✔ Alimony, child support, or separate maintenance (only if you choose to disclose it)

What Is NOT Considered Income?

The following sources are not eligible as income for loan applications: 
✘ Household or spousal income (only personal income is considered) 
✘ Inconsistent investment income or stock dividends 
✘ Unrealized gains from equity or other assets 
✘ Signing bonuses or relocation packages 
✘ Business income that is not claimed on your personal tax return 
✘ Income earned in a foreign currency

Next Steps

Before submitting your application, ensure that your income documentation aligns with these guidelines. If you have questions about what qualifies, contact support for assistance.