Personal Loan Eligibility Calculator
Check your estimated APR, payment, DTI impact, and max affordable loan based on your inputs. This is an educational estimate, not a credit decision.
Borrower profile
Loan request
Eligibility
Verdict
Likely
Estimated APR
15.0%
DTI after loan
14.9%
Payment
Payment (P&I)
$693
Max affordable loan
$80,772
Summary
Email my calculations
Receive a printable breakdown (PDF) to revisit your calculations later.
DTI impact by term
See how your debt-to-income ratio shifts across different repayment lengths.
Term comparison
| Term (mo) | APR | Payment | DTI after | Pass |
|---|---|---|---|---|
| 24 | 15.0% | $970 | 17.7% | ✔︎ |
| 36 | 15.0% | $693 | 14.9% | ✔︎ |
| 48 | 15.0% | $557 | 13.6% | ✔︎ |
| 60 | 15.0% | $476 | 12.8% | ✔︎ |
source: calestimator.com/personal-loan-eligibility-calculator
For education only; not a credit offer. Lenders use additional criteria.
How to use the Personal Loan Eligibility Calculator
Preview whether you qualify for a personal loan by weighing credit score, income, debt ratios, and loan amounts.
- Enter desired loan amount, purpose, and repayment term.
- Add your credit score, employment status, and income.
- List existing debts to calculate your debt-to-income ratio.
- Review the eligibility score and adjust loan terms to improve approval odds.
Personal Loan Eligibility Calculator key terms
Knowing how each field influences the results keeps the math grounded in reality.
Soft inquiry
A credit check that does not impact your score. Many lenders perform a soft pull during pre-qualification.
Origination fee
An upfront fee deducted from loan proceeds. Including it in the calculator prevents shortfalls at funding.
Prepayment penalty
Some lenders charge a fee for paying off the loan early. Understand it before signing.
Personal Loan Eligibility Calculator planning ideas
Try running a few “what if” scenarios to translate the numbers into real-world decisions.
Improve credit tiers
Model how paying down credit cards or disputing errors could move you into a better rate bracket.
Shorter vs. longer terms
Short terms cost less in interest but raise payments. Explore both to balance affordability and approval odds.
Co-signer boost
Add a co-borrower with stronger credit to see how it changes rates and maximum loan amounts.
Sample personal loan approval levers
| Profile | Est. APR range | Likely max loan | Notes |
|---|---|---|---|
| Excellent credit (760+) | 8%–11% | $35,000–$50,000 | Usually approved for longer terms with minimal fees. |
| Mid-tier credit (680) | 15%–20% | $15,000–$25,000 | Strengthen the file with income documentation, a co-signer, or a smaller loan request. |
| Credit rebuild (620) | 24%+ APR | $5,000–$10,000 | Focus on debt paydown or secured loans first; approvals often carry higher fees. |
Frequently asked questions
Why did a lender deny me despite good numbers?
Each lender has proprietary underwriting rules. Use the calculator to identify areas to improve, then apply with lenders whose criteria match your profile.
Will rate shopping hurt my credit?
Multiple applications within a short window usually count as one inquiry. Pre-qualify first to narrow the list before submitting formal applications.