If you apply for a personal loan with Santander Bank, you will need to verify your income. You can do this by providing documents such as pay stubs or W-2s.
Santander Bank needs to verify this information to evaluate your debt-to-income (DTI) ratio and determine whether you can repay a personal loan. Generally, you want to keep your DTI ratio below 35%; otherwise, lenders may think you won’t be able to afford loan payments and could decline your loan application.