We all borrow money from time to time: from a few loose US dollars from our co-driver in front of the parking meter to a few hundred US dollars with family to replace a broken dishwasher immediately or even a few tons from the bank when we take out a mortgage. So the amounts of all the loans we take out in our life vary quite a bit.
But what is the upper limit for a particular loan? How much can I borrow? Up to what amount can you get a mortgage? And if you need a little extra when you live on benefits, up to what amount can you turn to a lender for a loan?
The individual differences for how much you can borrow are of course large. Many information sources therefore remain vague and it is not easy to get an idea of how much you can borrow for a specific purpose in your situation. If you knock on the door of lenders, they will usually want you to complete a detailed quote before they provide you with concrete information about a loan. And maybe you are only orienting yourself and you think that is all a stop too far. That's what we're here for: We hope that the examples and information on this website will help you on your way in the enormous loan market and show you the forest for the trees again.
After all, it is quite possible to form an idea of the maximum you can borrow on the basis of practical examples. For example, it is often nice if you know that for a quick loan with your personal income you should rather think of a maximum loan amount of 500 US dollars instead of a maximum loan amount of 5000 US dollars.
How much you can borrow depends on all kinds of important factors, where your fixed income is almost always one of the deciding factors. Then there are significant differences between the different types of loans and the different lenders and you should also take a close look at the conditions attached to loans.
So yes, the question: how much can I borrow is a bit too simplistic. So you have to keep an eye on all kinds of factors if you want to find out how much you can borrow . We will give you as many practical examples as possible, but of course it never happens that someone is in exactly the same situation as you. We can therefore tell you whether you should think of an amount of 500 rather than an amount of 5000 US dollars in a specific case, but we will not calculate for you what you can borrow to the penny. This simply requires extensive information about, for example, income, living situation, type of credit and the loan-providing institution.
After reading the information, are you considering taking out a loan, but do you want to know exactly where you will stand up to the US dollar? Fortunately, you can request quotes for various loans from various lenders without obligation . This way you can make an informed decision. Compare various lenders here .