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Anonymous

09 Jan 2024

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Do banks consider my dividend income to determine my max loan amount? My income consists of 90% dividends payout from my own company which I'm not a director.

My income consists of mainly dividends payout from my own company which I am the majority shareholder. However, I am not a director in the company. If I want to get a bank loan to purchase a property, does the bank consider my dividends to determine my max loan amount?

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Connie

22 Jan 2024

Am not sure and it may differ from bank to bank. Best to speak directly with them as they would have to assess reliability of such income etc based on the company.

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