Document of strategic importance: 2-personal income tax certificate for a loan

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Banking practice shows that responsible customers are preparing for a loan in advance, considering all the details of a future obligation. However, in most cases, the decision on the need to attract borrowed funds is taken by individuals spontaneously - under the influence of various vital circumstances. And since official banking organizations are always ready to issue a loan with a 2-NDFL certificate, you should think about requesting this document from the accounting department in advance. So what is hidden under this financial term?

Form 2-NDFL: what is it and for what purposes is it needed

The document was approved by order of the head of the Federal Tax Service No. MMB 7-3 / 611 dated November 17, 2010. This certificate, issued to an employee by an accounting officer signed by the head of the institution or the second most important official - the company's chief accountant, is a confirmation of the factually received by him income for the past year.

Why do I need a 2NDFL certificate? The financial information contained in this document allows department employees tolending, analyze the solvency of a potential borrower and make a conclusion about the possibility of further consideration of a loan application.

Main document content

In addition to the “white” wages accrued to an employee of an enterprise for a certain period, the certificate in the form 2-NDFL reflects the following points:

• IFTS subdivision number;
• employee status (resident or non-resident);
• personal data of the taxpayer (TIN, date of birth, address of registration and information about a valid passport);
• deductions due to an employee (by type);
• the amount of income tax withheld and transferred for the reporting period.

What is the most important information for bank employees?

Help 2-NDFL for a loan makes it possible to analyze and compare the data listed below.

1. The amount of the official monthly income. To calculate the maximum loan amount allowed for issuance, the average value of wages for a specific period (most often for the last six months) is usually taken. In some cases, two values \u200b\u200bare deducted from the total amount of earnings - the minimum and maximum. Some banks do not take into account funds received by the borrower on a one-time basis (payment under agreements, material assistance).

2. The amount of tax accrued, withheld and paid to the budget. The inconsistency of information in these paragraphs usually alarms service employeessecurity of credit institutions. Bank employees can make an additional check by sending a request to the tax office. A discrepancy between the data displayed by the 2-NDFL certificate for a loan and the information from the Federal Tax Service for the borrower can result in a refusal and even blacklisting.

3. The potential borrower has dependents (children). When calculating solvency, an employee of the lending department is obliged to take into account all members of the applicant's family who are on his security. The number of children is usually indicated by the client in the questionnaire filled out when applying for a loan. The mark of the birth of the child (children) can be found in the borrower's passport. However, these data are not always reliable. You can confirm the information using section 4 of the income statement. The actual number of children is determined by the deduction code: 114, 115, and 116.

When is this document not needed?

Solving the question "When do I need 2-personal income tax?" should begin with the choice of institution for service. Much depends on whether the applicant has time for the bank to consider his loan application. After all, reputable credit organizations will definitely request this income document.

However, a 2-NDFL certificate for a loan may not be required if the applicant is the recipient of wages on a plastic card of this bank under the current "salary" project. In this case, the bank employee will take data on his income from the card account statement.

Information on the amount of average monthly earnings will not be required eitherin the event that the client applies to one of the Russian microfinance organizations that issue loans to the population. It is also possible to purchase goods on credit in a store without confirming the actual income received.

Fast lending is now being done by numerous express lending companies. However, it should be borne in mind that the simplicity and speed of obtaining such loans hide prohibitively high interest rates.

What should potential borrowers not do?

Help 2-personal income tax for a loan should contain only reliable information about the income of future borrowers. As you know, many firms are now operating in the country, offering to issue a “beautiful” certificate of supposedly received income for money. However, do not buy into such statements of dubious organizations. If information about the provision of false information during the audit of the bank's security department is revealed, the borrower will not only refuse to cooperate, but also be included in the list of unreliable clients.

You should be responsible for the collection of documents for a loan. Good luck with your financial affairs - everything will certainly work out!