Loan Eligibility Calculator UK
Find out how much you could borrow based on your income, existing repayments, the interest rate and the term.
How it works
Enter your monthly net income, any existing loan or card repayments, the interest rate, the term, and the maximum share of income a lender will allow for repayments. The calculator finds the largest repayment you can afford and converts it into a maximum loan amount.
Percentage guides & tutorials
Frequently asked questions
How much can I borrow?
It depends on your income, outgoings, existing debts and the affordability of the repayment. The calculator gives an indicative range from those figures.
What do UK lenders look at?
Affordability — income minus regular outgoings and existing debt — plus credit history, employment and the loan purpose, with a stress test on higher rates.
Does my credit score affect eligibility?
Yes. A stronger credit history improves your chances and the rate offered; the advertised representative APR is only guaranteed to 51% of accepted applicants.
What is a debt-to-income ratio?
The share of your income taken up by debt repayments. Lower ratios suggest more affordability headroom and improve eligibility.
Is the estimate a guaranteed offer?
No. It is indicative only; an actual offer depends on the lender’s full assessment of your application.
How can I improve my eligibility?
Reduce existing debt, keep up repayments, stay on the electoral roll and check your credit report for errors before applying.
How much could you borrow?
A loan eligibility calculator estimates the maximum a lender might offer, based on your income, existing commitments and the affordability of the monthly repayment. UK lenders focus on whether you can comfortably afford the payments, not just your income alone.
What lenders assess
Affordability is judged from your income minus regular outgoings and existing debt repayments. A common guide is that total debt repayments should stay within a manageable share of income; lenders also stress-test whether you could cope if interest rates rose.
Worked example
Someone earning £35,000 with modest existing commitments might be offered a personal loan whose monthly repayment sits comfortably within their disposable income — the calculator estimates this from the figures you enter, giving an indicative borrowing range.
Your credit history, employment status and the loan purpose also matter, and a representative APR is only guaranteed to 51% of accepted applicants. This is an indicative estimate, not a lending decision or financial advice.
Results are estimates for general guidance in United Kingdom and may not reflect the latest local rates, fees or rules. Check official sources before making decisions.