How much can I borrow?
Enter your income before tax and the payments you already make each month. The calculator finds the room a debt-to-income limit leaves, and the loan that room repays.
Before tax, from every steady source.
Rent or mortgage, car, student loans, card minimums.
Send lenders the amount that fits
Tell us how much, for how long and what for. Lendarbor passes your request to lenders and loan brokers who may make you an offer; you decide whether any offer fits.
- 1 The amount, the term and the purpose.
- 2 Your name, phone and email, and your consent to be contacted.
- 3 A lender or loan broker may contact you with an offer, sometimes for a different amount or term. Nothing is decided until you sign.
You pay Lendarbor nothing. The lenders and loan brokers who contact you set their own rates, fees and loan sizes. How we make money.
How lenders use debt-to-income
Your debt-to-income ratio is your monthly debt payments divided by your gross monthly income. Lenders set their own limits and often weigh other factors, so treat the result as a planning figure, not a promise. A limit near 36% is a common reference point for unsecured loans; some lenders accept more.
Example: with $6,000 of monthly income and $1,900 of payments, your ratio today is about 31.7%. A 36% limit allows $2,160 of payments, which leaves $260 for a new loan. At 15% APR over 36 months that payment repays about $7,500.
Which payments to count
Count the payments that show on a credit report and your housing payment: rent or mortgage, car loans, student loans, other personal loans and the minimum payments on your cards. Utilities, groceries and insurance are not debts, but they still come out of the same paycheck, so check the result against your budget too. Debt-to-income and loan size explains more.