The SmartDebt to Income Ratio Calculator

For educational purposes and a quick look.

 

WHAT IS A DEBT-TO-INCOME RATIO?

Your debt-to-income (DTI) ratio and credit history are two important financial health factors lenders consider when determining if they will lend you money.

At the same time, knowing how big is your debt portion out of your income will roughly tell you about your financial health. 

To calculate your estimated DTI ratio, simply enter your current income and payments. We’ll help you understand what it means for you.

Please note this calculator is for educational purposes only and is not a denial or approval of credit.

 
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OUR DEBT-TO-INCOME RATIO GUIDE

Once you’ve calculated your DTI ratio, use our guideline below to find out your current situation.

 

35% or less:

LOOKING GOOD - Relative to your income, your debt is at a manageable level.

You are most likely have money left over for saving or spending after you’ve paid your bills.

36% to 49%:

OPPORTUNITY TO IMPORVE -  You may want to consider lowering your DTI. At this level, you are barely have enough for unforeseen circumstances.

50% or more:

TAKE ACTION TODAY : You may have limited funds to save or spend.

You do not have much left for you to save or spend.

If you're not careful, you will be digging deeper into debt.


WHAT IS A GOOD DTI RATIO?

The lower the better, naturally. More specifically, a DTI of 35% or below is generally considered good – though you might not qualify for a loan with a DTI that’s above 43%.

Why 43%? Lenders came up with this number as a result mortgage-risk studies that analyzed the type of borrowers who are most likely to have trouble making payments — and therefore default on their loans.

Your DTI is a factor lenders consider when determining the rates and terms of your loan. In general, you’re more likely to get a good rate with a lower DTI.

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DTI + YOUR EXPENSES = WHAT IS YOUR REAL FINANCIAL HEALTH STATUS?

To have a more accurate picture of your current situation, you will need to add an additional 36% (average) for expenses.

Example, if you are looking at 40% Debt To Income ratio, you need to add 36% on top of that. Right now, you will be looking at 76%. It shows you have 24% excess of your income for savings.

 

Smart Debt Asia has helped many people for the past 16 years. We are proud to say that we did it with 100% success rate. We have past clients' testimonials and debt completion certificates as proof. 

Our main services are :
1. Debt solution to avoid bankruptcy
2. Saving management plan

If you are facing difficulties in servicing your debt (20x more than your monthly salary) OR you are facing bankruptcy, we may be able to help you. 

Fill up the form below to schedule a FREE 1-hour consultation. 

No obligations. No costs. 

** Please note that we are not a licensed money lender nor do we provide loans.

 

LET’S GET STARTED

We’re here to help answer your questions. Planning a Debt Management program can be complicated, our experts are on hand to help inform you of every aspect regarding your debt management. We take great pride in using our expertise for you and look forward to hearing from you.

Guaranteed SOLUTION to all debt matters with 100% success result. Whatsapp: 9878 6063 (Mr Leeo) / 9022 6655 (Ms JQ)

OFFICE
Woodlands Horizon

Business Hours
Mon-Fri: 10am to 6pm
Sat: 10am to 2pm
Sun: Closed

PHONE
WhatsApp: 9878 6063 /
9022 6655

EMAIL
good@smartdebt.asia

OUR COMMITMENT TO SERVE YOU

"We have successfully guided many individuals (Singaporean, Permanent Resident & Foreigner) and business owners who currently staying in singapore and owing to financial institutions and creditors such as banks loan, license moneylenders, hire purchase, guarantor and co-operatives." - Mr Leeo (Senior Partner)

CONTACT OUR EXPERTS TODAY +65 9878 6063 (Mr Leeo) / +65 9022 6655 (Ms JQ)  

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