loan amounts

ksty

I've never applied for a loan before and im not sure how are the loan amount worked out? For example if I want to borrow 10k over 6 years is there a certain amount I need to be earning or rather have left over after expenses for the month? How can I find out what a realistic amount a lender will lend without applying and being rejected? Do lenders say no you can't have 10k but you can have 8k?

jimmy*c

The typical rule is not to lend more than 50% of your annual income. If they decide you can't afford 'x' they may counter offer you 'y'. It also depends on the amount of debt you have currently.

jonesMUFCforever

These days it is more to do with affordability (and a good credit history) rather than salary alone.
Please do not try to second guess what is acceptable or not to a lender or try and be clever when answering the application questions.
Answer truthfully.