To determine how much you can borrow for a personal loan, you first need to know your borrowing capacity. This corresponds to the maximum amount you can request, and a precise calculation allows you to know it.Simulate your personal loan
Calculating Borrowing Capacity
To know this, you should consider your financial situation at the time of the request. Previous financial history, including any payment incidents, should also be taken into account. Your current debt ratio will indicate how much room you still have.
A Minimum Amount to Live On
To find the right amount to borrow, you should know that banks consider a monthly amount of 900 euros essential for living. After expenses like rent, loans, and insurance are paid, this amount should be available.However, each financial institution has its own criteria for a personal loan. Some lenders are more flexible and assess on a case-by-case basis.
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