How much can I borrow?
From your income, the instalments you already pay, the rate and the term: the most a lender is likely to allow, the instalment that implies, and the price it would reach.
This is the most a lender might allow, not what you should borrow. The instalment lasts the whole term; the income it depends on may not.
At 40% of ر.ق 80,000, ر.ق 32,000 a month may go to instalments. ر.ق 12,000 already does, leaving ر.ق 20,000 for a new one.
At 11.00% over 15 years, ر.ق 20,000 a month services ر.ق 1,759,638.74. That is the ceiling — borrowing less leaves room for the year something goes wrong.
| Ceiling | Instalment | Loan it services |
|---|---|---|
| 30% | 12,000 | 1,055,783.25 |
| 40% (chosen) | 20,000 | 1,759,638.74 |
| 50% | 28,000 | 2,463,494.24 |
- Try 30% in "More options". The loan at 30% is the one you would still be comfortable with in a bad year.
- Ask the lender for their actual ceiling and rate; both decide this more than anything you can change.
- Put the instalment through the EMI calculator to see the year-by-year balance.
- A lender allows 40% of income to go on all instalments together. Banks differ, and check the real figure with yours.
- A fixed rate for the whole term, reducing balance — the same loan the EMI calculator describes.
- Income stays the same for the whole term. It may rise; it may also stop.
- No processing fee, insurance or valuation cost — these come off the top.
A worked example
The form starts with these figures (in QAR) so you can see how it works before typing your own. They are made up — nobody's real numbers appear here.
Questions people ask
Where does the 40% come from?
It is a common lender rule — instalments should not take more than about 40–50% of income. It is a setting here, not a law; 30% is kinder to yourself, and your bank's real figure is the one that counts.
Is this what I should borrow?
No. It is the most a lender is likely to allow. The instalment lasts fifteen years; the job that pays it might not. Borrow what still works in a bad year.
Why does existing debt matter so much?
Because the allowance is for all instalments together. Every rupee already going to a card or an older loan comes straight off what a new loan may cost you each month.
What about the down payment?
It is added to the loan to show the price you could reach. It does not change how much you can borrow — it changes what the borrowing buys.
Do you keep what I type here?
No. The figures are used to work out the answer and are not stored, and never appear in the page address.
These are estimates. The figures depend entirely on the numbers you enter and on assumptions that are listed on every result. They are not financial advice, and a bank, employer or authority may use different rules. Check anything important with them before you decide.
We do not keep your figures. Salary, debt and savings you type here are used to work out the answer and are not stored, and never appear in the page address. The only thing remembered is your country and language choice (a small cookie), so the currency can be suggested next time — never a figure you typed. Anonymous counters record that a calculation happened, not what it was.