Payslips

clock

Duration: 38 minutes

clock

CPD Points: 0.63

Course Description

In this course, you will learn how to interpret and validate a payslip and calculate and annualise income to document a customer’s income in a loan application submission. By the end of this course, you will also be able to:

  • Verify employment details
  • Determine pay frequency
  • Calculate and annualise income using a payslip
  • Understand the critical components of a payslip and how they affect income calculations

Accurate income calculations are essential as they are used to calculate the customer’s borrowing capacity and determine their financial position. Getting these wrong can lead to issues post-submission when the lender reviews your application.

Course Requirements

Whilst this course can be taken by anyone, we recommend it for roles wanting to or already completing customer income calculations.

What you will learn in this course.

Payslips

Duration

Disclaimer: This training course was prepared by Loan Market Group Pty Limited. It was prepared based on the information available as at 28th November 2023. References to third parties in the training course are not indication of endorsement or approval of those third parties. The training course is for education and personal development purposes, and is not professional advice. While Loan Market Group has used reasonable efforts to ensure that this training course is accurate and up to date, to the extent permitted by law, we make no warranty or representation as to its accuracy, currency or completeness. Before relying on any information discussed in this training course, you must independently verify the currency and accuracy of the information and its relevance.

Payslips