Work out loan affordability

Affordability is about how much money you have left after expenses & financial obligations have been paid, which could be used to repay the loan you apply for.

Loan affordability calculator

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.

Loan 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


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