Loan Eligibility & DTI Calculator
Find out how much mortgage or personal loan you qualify for. Calculate your Debt-to-Income (DTI) ratio to see your approval odds before talking to a bank.
Check Your Borrowing Power
Before applying for a loan and risking a hard credit pull, you should know if you meet a bank's basic mathematical requirements. Lenders strictly look at your Debt-to-Income (DTI) ratio. This calculator takes your monthly income and current liabilities, computes your DTI, and estimates the maximum monthly loan payment a bank will legally approve.
Why Use Our Loan Eligibility Calculator?
- Protect Your Credit: Run the math privately before taking a hard credit inquiry.
- DTI Analysis: Instantly calculates your front-end and back-end debt ratios.
- 100% Secure: Your highly sensitive salary and debt data remains in your browser.
- Realistic Estimates: Uses standard banking limits (like the 43% DTI rule) for accuracy.
How to Use the Loan Eligibility Calculator
Input your gross monthly income.
Input all current monthly debt payments (car, credit cards, student loans).
Click 'Calculate Eligibility'.
Review your DTI percentage and maximum allowable new loan payment.
Frequently Asked Questions
Most lenders require a DTI below 43% for a mortgage, though aiming for under 36% is considered financially healthy and will secure the best rates.
Lenders calculate eligibility based on your Gross Income (your earnings before taxes and deductions are taken out).
All file processing is performed locally in your web browser. We do not upload, store, or view your data.