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What is the maximum amount I can borrow

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Do you want to know how much money you can borrow? To get an answer to that question you can contact a lender or bank. If you do not want to wait for a personal appointment with the lender, then fortunately you have enough options via the internet.

Almost every lender has a so-called “maximum loan calculation tool” on its website. Such a tool will make a calculation for you based on the data that you enter.

Income is the most important point

Income is the most important point

When it comes to the question of how much you can borrow, your income is the most important point. If you earn relatively much, you can usually borrow quite a bit. If you have to make do with social assistance benefits, the options are often limited and you end up with a mini loan.

Home

Home

We also look at the home in which you live. If you have a house for sale, you can borrow more compared to a rental house.

Family composition

Family composition

How many people does your family consist of? If you have a partner who also has income, it is wise to state this as well, so the maximum loan amount will be higher.

If you have children, the maximum loan amount will be lower. The reason for this is that children cost money. A single person who earns 2,000 euros per month generally has more left at the end of each month than a family with 4 children where one parent works and earns 2,000 euros a month.

How much to borrow

How much to borrow

If you have entered all the data in the “tool”, it will be indicated how much you can borrow. Be aware that it is an indication. The lender will also carry out a BKR test with an application, in which it is checked whether you have no debts.

It is also checked during this test whether you have already taken out other loans that have not yet been fully repaid. If that is the case, the maximum loan amount will be lower. In some cases, the loan applied for will even be rejected.

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