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What does a proof of salary look like?

  • Updated

Before we can offer you a loan, we need to consider a few factors. One of those factors is your pre-study salary. Prodigy Finance requires a proof of salary document to confirm the information in your application.

  1. What should I submit as proof of salary?
  2. What if I don't have a salary slip?
  3. What should be included in my corresponding bank statement?
  4. What can't we consider as proof of salary?
  5. What if I'm self-employed or contractually employed and plan to study part-time? 

1. What should I submit as proof of salary?

 

Employed full-time student

If you are a full-time student you need to provide ALL of the following documents to prove your pre-study salary: 

  • 3 months salary slips within the last 6 months of your last date of employment. Your salary slips should display: 
    • Your full name
    • Your company name
    • The payment period
    • Your gross salary
    • Your net salary
    • As well as 1 months corresponding bank statement showing your net income (as per your salary slip) 

Self employed full-time student

If you are a self employed full-time student you need to provide ALL of the following documents to prove your salary: 

  • 3 months contracts/invoices. Your contract/invoices should display: 
    • Your full name
    • Your company name
    • The payment period
    • Your gross salary
    • Your net salary
    • As well as 3 months corresponding bank statements/most recent tax certificate

Post-study salary for full-time students

If you are a full-time student with an employment contract for when you are done with your studies, you need to provide us with the following:

  1. An employment contract reflecting the following:
    • The offer is conditional
    • The offer has a fixed end date
    • Names and signatures of both you and your employer
    • The confirmed salary
    • The confirmed employment start date
    • Note that the employment offer will not be accepted as proof if:

Part-time students

If you are a part-time student you will have to provide us with proof of your permanent, full-time employment. You must submit the following as proof of your salary:

  • 3 months salary slips within the last 4 months as well as 1 months corresponding bank statement showing your net income (as per your salary slip). Your salary slips should display: 
    • Your full name
    • Your company name
    • The payment period
    • Your gross salary 
    • Your net salary

2. What if I don't have a salary slip?

*If you are a part-time student you need will salary slips to continue with your application. The below requirements are only for full-time students

You can upload one of the following documents if you don’t have a salary slip:

  • A tax certificate no older than 12 months.
  • A letter from your employer confirming your net salary and a bank statement that matches the salary amount.
  • If you're self-employed and plan to study full-time, you can submit 3 service contracts or invoices, as well the corresponding bank statements that match the amounts on those contracts or invoices.

 3. What should be included in my corresponding bank statement?

  • Your name and surname must be visible
  • Name and logo of the bank must be visible
  • The bank statement date must match one of the payslips dates you provided
  • The bank statement must clearly reflect your net salary
  • Please note that we will require your complete bank statement

4. What can't we consider as proof of salary?

  • Commission
  • Bonuses
  • Dividends
  • Internship salary

5. What if I'm self-employed or contractually employed and plan to study part-time? 

Unfortunately, we can't support part-time students who are self-employed or contractually employed.

 

 

 

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