Planning to purchase a car but do not have enough money? One of the first things that come to your mind is to get an auto loan. Do you qualify for an auto loan? Will that be the next question popping out in your mind? Banks have a lengthy process of qualifying for loans; getting information about your credit history and your professional income.
The question here arises that how do banks verify auto finance? Mostly, banks ask for proof of income; in order to ensure that you can handle the car loan and have enough income, that you do not miss out on paying an installment. If you are a freelancer, you will be confused about how you can show your income.
It is where paystub will help you out. You can keep a record of your income as a freelancer on a pay stub. Paystub allows you to get access to your previous information as well. It allows you to stay organized. Well keep in mind, the bank will verify your pay stub; that whether it is a real one or fake before proceeding with your loan.
