Understand Your Borrowing Power
Rejection hurts—and it hurts your credit score. Before applying for a loan, use our Eligibility Estimator to see where you stand. We analyze your Income, Debt, and Credit Tier to give you a probability score.
How to Improve Your Odds?
- Lower Your Utilization: Pay down existing credit card balances to below 30% of your limit.
- Wait for History: Lenders love stability. 2+ years of employment at the same job boosts confidence.
- Fix Errors: Check your official credit report for mistakes that might be dragging your score down.
Frequently Asked Questions
What is a 'Soft Check'?
A soft inquiry checks your credit report without lowering your score. This tool acts as a simulation of a soft check to estimate your odds.
What is a good Debt-to-Income (DTI) ratio?
Lenders prefer a DTI below 36%. If your DTI is above 43%, approval becomes difficult as it signals you may be overleveraged.
Does this guarantee approval?
No. This tool provides an estimate based on standard underwriting criteria. Final approval depends on the lender's specific policies and income verification.
Disclaimer: This tool is for educational purposes only and does not constitute professional financial advice. Results are estimates based on the information provided. Please consult a qualified financial advisor before making important financial decisions.