How to Know Exactly What You Can Afford — Before You Apply for a Loan

Most people apply for loans without a clear idea of what they can actually afford. They hope the bank will tell them. But here's a secret: the more you know ahead of time, the better deal you get.

Why You Should Calculate First

Lenders look for prepared borrowers. When you know your monthly budget and expected interest rates, you’re in control. You avoid surprise denials, overborrowing, or locking into the wrong repayment plan.

The 3 Numbers You Need

Your current monthly expenses
Your target loan amount
An estimated interest rate (we’ll help with that)

Use This Free Loan Calculator

Before you apply, use our smart calculator. It will show your:

Estimated monthly payments
Total repayment amount
Cost of interest over time

🧮 Try the Free Loan Calculator

Compare, Download, Decide

You can even download your results as a PDF — perfect if you’re applying with a partner or comparing offers from different lenders.

Smarter choices start here. Use the calculator before you apply, and you'll borrow better — guaranteed.

Affiliate disclosure: We may earn a small commission if you apply for a loan through one of our recommended partners — at no additional cost to you.