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How do you assess rental income for consumer car loans?

Rental income is accepted. The rental income will be discounted to 80% of gross income by our servicing/application process. 

Supporting Docs Required: 

  • Through realtor: current rental receipt. 
  • Private rental: 3 months of bank statements confirming:
    • Rent credits
    • Last Financial Year's Tax Return
    • NOA (Notice of Assessment)