Home : Terms : Article : Calculators Advertising : Contact us
Home > Calculators > Borrowing Power



Borrowing power Calculator

INSTRUCTIONS

This calculator is only a guide.  It is designed to help you work out your borrowing power based on your current financial position.  The calculation uses your Debt Servicing Ratio which is found by dividing your total monthly repayments by your total monthly income.  Most lending institutions will lend to a maximum ratio of 32%, with a 2% loading on loan rates, however you should check with your own institution for specific requirements.

Enter the relevant details for your income and expenditure

Choose your loan details.

Click once on the "Calculate" button to calculate your result.

Income
   
Total Monthly Salary and Wages: $
Other Monthly Income: $
   
Expenditure
   
Monthly Loan Repayments $
Monthly Credit Card Repayments $
Other Monthly Repayments $
   
Loan Details
   
Term of Loan   years
Annual Interest Rate   %


   



Related keywords:

borrowing

borrowing power

borrowing money

banking

401k

life insurance

smart



Browse terms by categories
Accounting
Advertising
Banking
Bankruptcy
E-Commerce
Economics
Finance
Law
Investment
Insurance
Marketing
Real estate
Statistic
Trade
Purchasing

Featured Articles:
Customer Servces
The pudgy teenage grocery store clerk looked like Biff, from the movie, "Back to the Future." Taped across his tee shirt, with long strips of clear mailing tape, was the plastic sign, &qu... [ more... ]
Customer Servces
Customers expect more than ever before.  Simply satisfying your customer doesn’t cut it these days.  You have to go beyond average levels of basic satisfaction.  By managing a... [ more... ]
E-commerce
Former British Prime Minister, Margaret Thatcher is known to have said; “If you want anything said, ask a man. If you want anything done, ask a woman.”

Who Gets It
... [ more... ]

  Disclaimer | Privacy | Terms of useCopyright © 2004-2005 E-terms.com