How much can I borrow? | Loans

September 5, 2019 by No Comments

For those who want or have to borrow money, the first question is often: “How much can I borrow?” That is of course also a very important question. Suppose you want to buy a house, you need to know in advance how much you can borrow and therefore whether you can actually pay for the house of your dreams. If you want to borrow money, the bank, lender, or lender will see what the maximum amount is that you could borrow.

Borrowing money costs money, so you pay back more than your original loan amount. They therefore look at your personal situation, how high your and your partner’s income is, whether you have a fixed income, and also a number of fixed costs that you have every month. After all, you must be able to repay your loan and make your loan as responsible as possible.

How do you know how much you can borrow?


There are various calculation modules, for example on the internet, but also at the bank, with which you can calculate exactly how much money you can borrow. Here you can enter what your income or family income is, how many fixed costs you have and you can immediately see how much money you could borrow.

Lenders also work in the same way. They look at your income and that of your partner, if any, and then deduct the fixed costs again. In doing so, they also take into account other outstanding loans or debts, such as the rent or the mortgage. At a certain moment they know exactly how much money you still have available per month.

That is the maximum that you could pay per month. For the safety of you and the certainty for themselves that they get their money back, they take a small safety margin and then they calculate exactly how much money you can borrow.

How much can I borrow depends on several factors

How much can I borrow depends on several factors

So the question “How much can I borrow?” Cannot simply be answered. There are many factors that need to be taken into account to prevent annoying surprises afterwards. Money providers try to find a solution that is best for everyone, but also safe.

We look at the joint family income with multiple partners, but also at whether you have children and, if so, how many children. In addition, we look at your personal situation such as your age, that of your partner and your children, but also at your fixed costs and the current interest. All factors that are important to determine the amount of the loan.

Difference per lender

Difference per lender

In addition, the amount of the loan can vary per lender. With one you may be able to borrow just a little more than with the other. Requesting multiple quotes can therefore be very sensible.

See online how much you can borrow

On various websites you can easily calculate how much you can borrow responsibly. Various calculation models are used for this to simulate your loan. This immediately gives a clear picture of what you can expect. However, it is always just an indication. If you really want to take out a loan or apply for a loan, the actual amount may differ slightly.