Generally bonuses are reliant on employees meeting the KPIs or targets set for them at the beginning of the year. If performance is good then bonuses are given out and awarded, however if the performance of the employee is unsatisfactory then no bonuses are given out.

As bonuses are based on the employee’s overall performance and they are often paid at the employer’s discretion, it becomes difficult for the banks to consider these bonuses in their assessment.

Additionally, many bonuses are not paid monthly but rather annually or quarterly, making it harder for those who pay their bills on a day to day basis. However, *Some banks tend to be better at understanding bonus income and will give a more flexible assessment of your bonus income.

If YOU are receiving good chunk of bonus income and planning to buy or refinance, lets have a word today and we will let you know how you can qualify for the loans.

# thinkwisebewise # refinance # firsthomebuyer # Nepali Broker