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Loan Affordability Calculator

Loan Affordability Calculator

Loan Affordability Calculator

Calculate how much you can borrow based on your income

Your total monthly income before deductions
Credit cards, other loans, etc.
Lenders typically accept 35-45% (default: 40%)
Maximum Loan Amount
₦0
Based on your income and debt-to-income ratio

Monthly Payment Details

Gross Monthly Income: ₦0
Existing Debt Payments: ₦0
Maximum Total Debt Payment: ₦0
Available for New Loan: ₦0

Loan Details

Monthly Payment: ₦0
Total to Repay: ₦0
Total Interest: ₦0
Debt-to-Income Ratio: 0%

Important Notes:

• This is an estimate. Actual loan approval depends on credit history, employment stability, and lender policies.

• Consider keeping your DTI below 40% for financial flexibility.

• Nigerian banks may have additional requirements like minimum salary or employment tenure.

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