The calculator below will give you an idea on whether you’ll be able to comfortably afford a loan.

• If your score is equal to or lower than 80, a loan would be conditionally approved.
• If your score is between 81 and 90, a loan application would be considered even though affordability is tight.
• If your score is greater than 90, the affordability may be beyond your means, a lower borrowing amount would be more financially comfortable.

Conditional approval is subject to credit criteria, proof of employment, proof of income and liabilities.

Net Income per month (i.e. after tax)	$
Total loan/rent/board repayments monthly	$
Total credit card/s limit	$
Number of dependents
Total living expenses monthly	$
New loan repayment monthly	$
Total liability amount monthly	$
Your affordability:
Thank you for completing the loan affordability calculator. It would appear as if the amount required to be borrowed may be beyond your current affordability. You might like to reduce the amount to be borrowed.
Thank you for completing the loan affordability calculator. The affordability calculation appears tight however we’d be happy to consider your application.
Congratulations! Your loan has been conditionally approved subject to a clear credit check and supplying supporting evidence of income, debt and acceptable security.
Affordability Guide If your score is equal to or lower than 80, a loan would be conditionally approved. If your score is between 81 to 90, a loan application would be considered even though affordability is tight. If your score is greater than 90, the affordability may be beyond your means, a lower borrowing amount would be more financially comfortable.

_{This calculator is a guide only. For a more accurate assessment of your loan affordability please contact Horizon Credit Union.}

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