Loan Affordability Calculator

How much can you comfortably borrow? Enter your income, expenses, and existing debt to see personalized loan amount estimates.

How Much Can You Afford to Borrow?

Financial experts generally recommend that your total monthly debt payments, including a new personal loan, should not exceed 36% of your gross monthly income. Within that guideline, allocating 10-15% of your gross income to a personal loan payment is considered a prudent range.

The conservative estimate above uses 10% of your gross income as the affordable monthly payment. The moderate estimate uses 15%. The budget-based estimate looks at your actual disposable income (income minus expenses and existing debt) and uses 50% of that remaining amount. The recommended amount is the lower of the moderate and budget-based estimates to help ensure you can comfortably make payments.

These are general guidelines, not prescriptive rules. Your actual borrowing capacity depends on many factors including your credit score, employment stability, and overall financial goals. Lenders will perform their own evaluation of your ability to repay.