Creditworthiness
RegisterRegister and quickly find out how much credit you can get, without complications and in just a few steps
What is creditworthiness
Creditworthiness is the ability of an individual or a business to repay their credit obligations
It is estimated based on your monthly income and expenses, in order to determine how much you can borrow and regularly meet your obligations to creditors. Creditworthiness helps banks and other financial institutions to assess risk and approve the appropriate loan amount
How much is my creditworthiness?
Are you thinking about buying an apartment or car with a loan, or do you need a refinancing loan but are unsure how much you could borrow or what your monthly payment would be?
Find out how much credit you can get and calculate your monthly payment for free using our creditworthiness calculator
Creditworthiness Calculator
-
1
When you decide to take out a loan for a house or apartment, banks typically analyze your income and expenses to determine how much loan they can approve.
-
2
That’s why we’ve developed a creditworthiness calculator to help you determine how much of a monthly payment you can afford and how much money you can allocate for repayment each month.
Calculate your creditworthiness for:
The creditworthiness determined through the Kredium creditworthiness calculator is indicative and does not guarantee that your credit will be approved, as factors such as employment, income, or bank policies may change by the time you apply for a loan in the future.
How is creditworthiness calculated?
Creditworthiness is calculated as the ratio between your monthly credit obligations and monthly income.
Svaka banka procenjuje kreditnu sposobnost na osnovu:
Creditworthiness for a Home Loan
Creditworthiness for a home loan represents an individual's ability to regularly repay a loan for purchasing real estate.
Banks and financial institutions use it to assess whether to approve the loan and in what amount. In practice, banks typically approve loans so that your total credit obligations do not exceed 50-60% of your salary or monthly income.
Frequently Asked Questions
What is required for a creditworthiness assessment?
For a creditworthiness assessment, you need: •Proofs of income (salaries, earnings, reports) •Information about current debts and obligations •Credit history •Employment or business documentation
How can I check my creditworthiness?
You can use the Kredium creditworthiness calculators or contact us at +381666868998 for more detailed information.
Does creditworthiness affect loan approval?
Yes, creditworthiness is one of the factors when deciding whether a loan will be approved.
Can I improve my creditworthiness?
Yes, you can improve your creditworthiness. In that case, you can: •Increase your monthly income •Reduce existing debts and obligations •Maintain a good credit history by regularly paying off debts •Stabilize your employment or business
What is the maximum credit load I can have compared to my income?
Banks usually approve loans so that the total credit load does not exceed 50-60% of your monthly income.
Does my creditworthiness affect the interest rate?
Yes, creditworthiness can influence the interest rate the bank offers.
Should I check my creditworthiness and how often?
Regular credit checks are recommended, especially if you plan to take out a new loan or if your financial situation changes.