loan to salary ratios

cindy_3

Does anyone have any idea who much you are likely to be able to borrow on an unsecured loan as a percentage of your salary or the amount you have left over after paying bills each month ?

Xbigman

There are companies out there prepared to lend scary amounts of money to people. If your credit rating is good you should have little trouble borrowing up to your yearly salary, although a figure around half that is where the best deals tend to run out.

However, when you start to test your borrowing limits you should think very carefully about your financial situation.
Regards



X

derbylad

cindy wrote:

Does anyone have any idea who much you are likely to be able to borrow on an unsecured loan as a percentage of your salary or the amount you have left over after paying bills each month ?

hi, if i can be really honest it might be an idea if u sit down and work out what your income and outgoings really are so u can have an idea of what sort of repayments u can really afford without pushing it.

i couldnt tell u if there is a salary ratio, but more of a "can this customer really afford the repayments"