Director of limited company applying for personal loan

rosiedee

My husband is the sole employee of his limited company and takes a salary and a dividend payment. Will the dividend payment be counted as income if he applies for a personal Loan?

wannabe_credit_free

My hubby is in the exact same position, except I'm an employee too. When we were opening a Santander account yesterday, we were asked if we took dividends from the company as well as salary, so I imagine that dividends are counted as income.:cool:

rosiedee

Thanks for that. It makes sense that it does count as income but wanted to be sure before including it if he applies for a loan.