The process of obtaining credit or a loan involves a lot of documentation. One such document is a proof of income letter. Such a letter is required by almost every type of bank or credit institution for authentication or verification purposes. In this article, a great collection of some free proof of income letter templates in MS Word format is given for you.
What is a Proof of Income Letter?
A proof of income letter is a letter that is used to verify a person’s source of income when he/she is looking to apply for a loan or credit. It is typically required by financial institutions when a person needs credit. It is also used for rental applications or wherever it is required to give proof of income. The employer or any other person who has access to a person’s income records usually writes this type of letter.
Download FREE Proof of Income Letter Templates in MS WORD
Fillable Proof of Income Letter Template
File Size: 13 KB
Proof of Income Letter From Employer Template
File Size: 07 KB
Babysitter’s Proof of Income Letter Sample DOC
File Size: 07 KB
Self-Employed Proof of Income Letter Word Template
File Size: 12 KB
Simple Proof of Income Letter / Email Template
File Size: 06 KB
Independent Contractor’s Proof of Income Letter Sample
File Size: 14 KB
Benefits of a Proof of Income Letter
Following are some basic benefits of proof of income letter:
- The most common purpose of a proof of income letter is the verification of a person’s income.
- Such a letter helps avoid any discrepancies related to the person’s income information ensuring that the lender has accurate information.
- Proof of income letter increases a person’s creditworthiness which in turn makes it easy to obtain leases or loans.
- A proof of income letter contains all the basic details related to a person’s income thus simplifying the process of obtaining credit.
- This type of letter also proves that the person has a stable source of income.
More Proof of Income Letter Samples in DOC Format
Sample Income Verification Letter DOC Template
File Size: 13 KB
Accountant’s Proof of Income Letter Example
File Size: 07 KB
Official Proof of Income Form Template
File Size: 22 KB
Editable Proof of Income Letter Format
File Size: 08 KB
Letter to Verify Income / Employment Template
File Size: 11 KB
How to Write a Proof of Income Letter?
To know how to write a proof of income letter, you should consider the following basic tips:
- Start with the person’s name for whom you are writing the proof of income letter. Also, mention his/her address and contact details.
- State your relationship with the person and clearly indicate that you are writing a proof of income letter.
- Make sure to mention the date of writing the letter.
- Verify the person’s income or employment. This includes details like their job title, duration of employment, and salary or hourly rate of the person.
- Provide the additional details of the person’s income, if necessary. These are the details like bonuses, commission, overtime pay, etc.
- Write the letter in formal language and in a professional tone.
- Add your signatures to the letter to make it official. You can also write your title, if applicable.
- Attach any other supporting document to the proof of income letter such as a pay stub or tax returns.
- Make sure to address the letter to the appropriate recipient. Add the recipient’s name and address.
- Don’t forget to proofread the letter for any errors or mistakes.
You can always use the editable proof of income letter templates like the ones that are given here on this page. Using an editable template will save a lot of your time and effort and will help you draft an effortless income verification letter whenever required.