Loan affordability calculator
Lenders cap how much of your salary can go to installments. Enter that cap and your current debts to see your top payment and loan size.
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Processing and privacy: The result is calculated inside your browser and your data is not sent to any server.
How to use it
- Enter monthly salary, deduction limit, current monthly debt payments, annual interest rate and repayment term.
- The result appears straight away and updates as you edit.
- Copy the result, or copy a link that keeps the same values to share it.
How it is calculated
Max payment = salary × deduction limit − current debt payments. Max loan = payment × (1 − (1 + r)^−n) ÷ r, or payment × n at 0%.
Example
Inputs: Monthly salary = 15,000, Deduction limit = 33 %, Current monthly debt payments = 1,000, Annual interest rate = 6 %, Repayment term = 60 months. Result: Maximum loan amount: 204,315.96; Maximum monthly payment: 3,950.00; Total paid: 237,000.00.
Limits and caveats
- The deduction limit is set by the lender and local rules, so enter the one that applies to you.
- Actual approval also depends on credit history, employer and age.
Questions about this tool
What is the deduction limit?
The largest share of your salary allowed to go to all monthly installments combined.
Why are my current payments subtracted?
The limit covers all your debts, so what you already pay reduces room for the new payment.
Does a longer term raise the loan amount?
Yes, a longer term allows a bigger loan at the same payment, but total interest rises.