Credit providers use the information on your salary slip and bank statements to see whether you'll be able to repay. Here's how you can work out your own affordability.
- Take your income after statutory deductions such as UIF, pension and tax
- Subtract all your necessary expenses such as your bond or rent, transport and food
- Subtract your other financial obligations such as other debt repayments, insurance and policy payments
- The amount you have left after all your deductions and necessary expenses is what can be used to the repay the credit you're applying for