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Debt-to-Income Calculator

The Debt-to-Income ratio (DTI) is not well known but it is important for your home loan approval.

Debt-to-Income Calculator

The Debt-to-Income ratio (DTI) is not well known but it is important for your home loan approval.

Debt-to-Income Calculator
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Excellent!

You are in the safest zone of most banks' DTI ratio.

While you should pay off your debt as soon as possible, this debt to income ratio should allow you to live the lifestyle you want without major constraints.

Troubling.

We might still have other banks who can grant you a loan within this range of DTI ratio.

You should start avoid incurring more debts, and might have a problem getting approved for a mortgage or yet another loan. Still, you are in a relatively good situation. Talk to our consultant so we can advise you for more options.

Dangerous.

Uh-oh! This is a possible show-stopper for your planned home loan application.

Such a debt to income ratio indicates financial trouble. You should devote as much money and energy as possible to pay off your loans. But we might still be able to give you some helpful insights and advices, talk to a Nook home loan consultant now.

About This Debt-to-Income Calculator

The debt to income (DTI) ratio is simply the percentage of your monthly income that you can put towards debt, all debt: car loan + personal loan + home loan etc.

Most major Philippine banks prefer home loan borrowers to have a debt-to-income ratio (DTI) of 30% or less. Meaning, they want your debts to be 30% of your monthly gross salary, or less.

Some banks are more generous and allow you to use up to 40% of your monthly salary for debt purposes.

Example: Say you're earning P50,000 per month. Most banks would prefer that all your debt obligations per month do not exceed P15,000 (P50,000 x 30% = P15,000).

If your debt repayment was P16,000 per month, you would exceed the banks allowance and be declined a home loan (DTI: P16,000 / P50,000 x 100 = 32%).

However, other banks would allow your monthly debt repayments to be as high as P20,000 (P50,000 x 40% = P20,000).

Using the example above again, if your debt repayment was P16,000 per month, you would not exceed the banks allowance so you would be ok. The DTI ratio would not stop you getting a home loan (but it does not guarantee approval as there are other factors to be considered).

Banks do not advertise their DTI so you won't know whether Bank A is 30% or 40%.

Only someone like Nook has this information and can accurately help you know which banks are more likely to approve your home loan.

Disclaimer

Calculations are estimates provided as a guide only. They shouldn't be considered as approval for a loan or any form of guarantee. To find out exact amounts, speak to us.

About This Debt-to-Income Calculator

The debt to income (DTI) ratio is simply the percentage of your monthly income that you can put towards debt, all debt: car loan + personal loan + home loan etc.

Most major Philippine banks prefer home loan borrowers to have a debt-to-income ratio (DTI) of 30% or less. Meaning, they want your debts to be 30% of your monthly gross salary, or less.

Some banks are more generous and allow you to use up to 40% of your monthly salary for debt purposes.

Example: Say you're earning P50,000 per month. Most banks would prefer that all your debt obligations per month do not exceed P15,000 (P50,000 x 30% = P15,000).

If your debt repayment was P16,000 per month, you would exceed the banks allowance and be declined a home loan (DTI: P16,000 / P50,000 x 100 = 32%).

However, other banks would allow your monthly debt repayments to be as high as P20,000 (P50,000 x 40% = P20,000).

Using the example above again, if your debt repayment was P16,000 per month, you would not exceed the banks allowance so you would be ok. The DTI ratio would not stop you getting a home loan (but it does not guarantee approval as there are other factors to be considered).

Banks do not advertise their DTI so you won't know whether Bank A is 30% or 40%.

Only someone like Nook has this information and can accurately help you know which banks are more likely to approve your home loan.

Disclaimer

Calculations are estimates provided as a guide only. They shouldn't be considered as approval for a loan or any form of guarantee. To find out exact amounts, speak to us.

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