Affordability
Loan Eligibility Calculator
Enter your income to see your purchasing power
About the Loan Affordability Calculator
The Loan Affordability Calculator helps you estimate how much you can borrow based on your income, existing debts, interest rate, and loan term. This tool is designed to give you a realistic borrowing range before applying for a loan, mortgage, or personal financing.
Lenders typically use a Debt-to-Income (DTI) ratio to determine whether you qualify for a loan. By using this calculator, you can understand how your monthly income and current obligations affect your maximum loan amount and monthly payment.
Whether you are planning to buy a house, apply for a personal loan, or refinance existing debt, this calculator provides a fast and simple way to estimate your borrowing power without impacting your credit score.
What this calculator helps you with
- Estimate your maximum affordable monthly loan payment
- Calculate the maximum loan amount you may qualify for
- Understand how your debt-to-income ratio affects approval
- Compare loan terms and interest rates
- Plan responsibly before applying for a loan
This loan affordability calculator is for educational purposes only. Actual loan approval and terms depend on lender policies, credit score, and other financial factors.
Quick Guide
- 1. Enter your base values in the fields above.
- 2. Adjust interest rates or terms to see live changes.
- 3. Review the charts to visualize your growth.
Results are estimates based on standard financial algorithms.
Common Questions
Everything you need to know about this calculator and the math behind it.
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