Borrowing Power Calculator

Most banks let your total monthly loan repayments reach roughly 30–40% of your gross monthly income. So your borrowing power depends on your income, your current obligations, the interest rate and the loan term. This calculator gives you a quick indicative figure — but your real maximum depends on the lender and your full profile, which Nook checks for free across 20+ banks.

Lenders work out the most you can comfortably repay each month — typically around 30–40% of your gross monthly income. That affordable monthly amount is then converted into a loan size using the interest rate and the loan term. A longer term and a lower rate both increase how much you can borrow. Nook runs this calculation across every partner bank to find the lender most likely to approve you.

Debt-to-income ratio compares your total monthly debt repayments to your gross monthly income. Philippine banks generally want your housing repayment, plus existing loans and credit cards, to stay within about 30–40% of your gross monthly income. Lower existing debt means more borrowing power. This calculator assumes around 35% of your gross income can go to repayments, which is typical for Philippine banks (Philippine lenders assess income rather than deducting day-to-day living expenses).

Not necessarily — different banks have different minimum income requirements and lending appetites. A lender that declines one borrower may happily approve another with the same income. That's exactly why a broker helps: Nook compares 20+ banks and matches you to the lender most likely to say yes at the best rate, for free. Start with this calculator, then let Nook confirm your real numbers.

Yes. Overseas Filipino Workers can get Philippine home loans, and you can use this calculator with your gross monthly income converted to pesos. OFW income is assessed differently by each bank, so the right lender matters even more. Nook works with OFWs around the world, handles the entire application remotely, and never charges you a fee — the bank pays Nook once your loan is released.

It's a fast indicative estimate, not a loan offer. Real borrowing power depends on the lender's specific policies, your credit history, employment, the property and other factors. Use it to get a ballpark, then let Nook run your real numbers across 20+ banks for free and tell you exactly how much you can borrow and from which lender.

Yes — Nook is 100% free to you. Banks pay Nook a commission only once your loan is released, so checking your borrowing power and comparing 20+ lenders costs you nothing. A dedicated Nook consultant runs the whole application for you, so you never have to fill in bank forms or visit a branch yourself.