Your limit
How high can the rate go before the instalment passes your limit?
You set how much of your income may go to the instalment; the app solves for the floating rate that reaches exactly that. One figure, to carry into a bank meeting and ask about directly.
Your threshold will appear here
Enter the loan the bank quoted and your monthly income. The app finds the floating rate at which the instalment exactly meets your limit.
0 of 3 entered
- Amount financed
- Fixed rate (% per year)
- Monthly income
Or see it worked through first — the figures are invented and marked amber.