If you want to get a credit card, the bank or credit card company has to make sure that you are capable of handling the amount of credit that you requested for and you earn enough money to make the credit payments afterwards. For this purpose, the credit card applicants are asked to verify their income from their employer or some banks also contact the employers directly and ask them to confirm the salary of their employees. In return of this request, HR department sends the income confirmation letter. This letter verifies that the employee is earning the exact salary as he described in the credit card application.

Brief Description of Income Confirmation Letter:

Money is the primary factor in any kind of business and trading. This is also the factor on which banks and credit card companies work. As a credit card company, before you issue a credit limit to a customer, you have to make sure that he or she will be able to pay back the credit and the limit is suitable according to their monthly income. For this purpose, banks and credit card companies contact the employers of the credit card applicants just to confirm that the income figure on the credit card application is correct. Once a formal request is made with the company, the HR department verifies that the employee is working in the company and he is earning exactly what he described in the credit card application. In return of the request from the bank, HR department sends the income confirmation letter that confirms the income of the employee along with the details of his or her employment i.e. the date of joining, employment duration and designation in the company.

Here is an Employee Income Confirmation Letter Sample written in MS Word,

Employee Income Confirmation Letter

Here is download link for this Income Confirmation Letter,

download letter

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