Eligibility Quiz Inputs
Example Data Table
| Applicant | Product | Income | DTI | Credit | Score | Result |
|---|---|---|---|---|---|---|
| A | Personal Loan | USD 4,200 | 31% | Good | 82 | Likely Eligible |
| B | Mortgage | USD 7,500 | 42% | Fair | 63 | Needs Review |
| C | Credit Card | USD 2,900 | 58% | Poor | 38 | Not Eligible Yet |
| D | Personal Loan | USD 5,800 | 28% | Excellent | 91 | Likely Eligible |
| E | Mortgage | USD 6,200 | 36% | Good | 74 | Needs Review |
Formula Used
PTI (%) = proposed payment ÷ monthly income × 100.
How to Use This Calculator
- Pick a product type, then enter income and monthly obligations.
- Estimate a realistic requested amount, term, and APR.
- Provide savings and expenses to gauge your financial buffer.
- Press Calculate to see your score and ratios instantly.
- Use the suggested safe payment and max amount as a planning guide.
- Download a CSV or PDF report for recordkeeping or discussion.
Insights
Outcome bands and score math
This quiz converts answers into a 0–100 score. 75+ shows Likely Eligible, 55–74 flags Needs Review, and below 55 indicates Not Eligible Yet. Credit profile contributes up to 25 points: Excellent 25, Good 20, Fair 12, Poor 5, and Unknown 10. Recent adverse events remove the full 15 points in that section, reflecting stricter documentation and waiting periods.
DTI and PTI thresholds used
Debt-to-income (DTI) includes monthly debts, housing, and the proposed payment. Points step down at 25%, 35%, 45%, and 55% DTI (20, 16, 10, 5, then 0). Payment-to-income (PTI) checks the proposed payment alone, awarding 15 points at 15% PTI, 10 points at 25%, 5 points at 35%, and 0 above 35%. If income is 3,500 and total obligations are 1,260, DTI is 36%.
Payment estimation by product
For loans and mortgages, the calculator uses standard amortization: PMT = PV × r ÷ (1 − (1 + r)^−n), where r is monthly APR and n is total months. For credit cards, it assumes a 3% minimum payment to keep results conservative when actual rates and minimums vary. Changing APR from 14% to 10% can materially lower PMT at the same term.
Stability, liquidity, and down payment
Employment status plus tenure adds up to 20 points, rewarding continuity beyond 12–24 months. Savings are converted into months of expenses; six months earns full points, three months earns partial points, and less than one month is penalized. For mortgages, down payment percentage replaces savings months, with 20%+ earning the maximum. Estimated LTV is computed as (price − down payment) ÷ price.
Planning with suggested safe limits
The tool also computes a suggested safe monthly payment using your chosen target DTI and PTI caps, then back-solves a suggested maximum amount or limit. If the proposed payment exceeds the safe value, reduce the request, improve debt ratios, or extend term assumptions before applying. Use the CSV/PDF report to compare scenarios and track improvements over time with consistent budgeting.
FAQs
Is this a loan approval decision?
No. It is an educational screening tool that estimates strength using your inputs. Actual decisions depend on verification, lender policy, collateral, pricing, and local requirements.
Why does DTI include the proposed payment?
Adding the proposed payment shows affordability after the new obligation. Lenders typically evaluate total DTI because existing debts plus the new payment determine repayment capacity.
How is the monthly payment calculated?
Loans and mortgages use a standard amortization payment with monthly APR and total months. Credit cards use a conservative 3% minimum payment assumption, since card minimums vary by issuer.
What should I do if my score is low?
Start with ratios: lower revolving balances, refinance high payments, or reduce the requested amount. Build a 3–6 month cash buffer and avoid new inquiries until your profile stabilizes.
Can I use this for mortgages and cards too?
Yes. Choose Mortgage or Credit Card. Mortgage results use price and down payment to compute the loan amount and down payment percentage. Credit cards estimate payment using the minimum-payment assumption.
How accurate is the suggested maximum amount?
It is a planning estimate based on your chosen target DTI and PTI caps, APR, and term. Treat it as a conservative ceiling for scenario testing, not a guaranteed limit or offer.