LOANS
Loan affordability explained
Affordability is broader than a single repayment ratio. A lender may consider income, expenses, existing credit obligations, credit history and product-specific policies.
Why a ratio is only a model
A calculator can let you choose a repayment percentage so you can explore a scenario without pretending to know a lender's internal rule.
Existing debt matters
Other monthly obligations can reduce the amount of money available for a new repayment.
Actual lender decisions
Different lenders and products use different underwriting and affordability processes. A calculator result should not be presented as an approval.
Source and review note
Time-sensitive rules should be checked against the current official source and the applicable date. This page is intended as general educational information.