Loan Eligibility Calculator

Creditworthiness calculator - estimate your budget for purchasing real estate

Are you planning to buy an apartment, house or car on credit? Our advanced creditworthiness calculator will allow you to quickly assess the maximum amount you can borrow from a bank based on your income, cost of living and other financial obligations.

What is creditworthiness and how do banks calculate it?

Creditworthiness is the maximum loan amount that the bank is willing to lend to the applicant, assuming that he will be able to regularly repay principal and interest installments along with additional costs within a specified period. Each bank uses its own advanced algorithms to assess credit risk, but all of them are based on similar economic indicators and guidelines of the Polish Financial Supervision Authority (KNF).

A key element of this analysis is comparing your net monthly income with your fixed expenses and charges. The bank must make sure that after paying the loan installment, you will have enough money left to cover household costs and other current needs. The higher the financial surplus at your disposal each month, the higher the loan amount you can obtain.

Key factors influencing creditworthiness

The most important factor is the amount and stability of income. Banks prefer stable employment under an employment contract for an indefinite period, income from civil law contracts or from running a business is also accepted, provided that appropriate seniority and continuity are maintained. Your fixed living costs are equally important - rent, utilities, as well as the costs of living for your dependents.

Another key aspect is your existing financial obligations. These include other repaid cash loans, account limits, credit cards (even unused ones!), as well as maintenance obligations. In addition, the bank checks your credit history at the Credit Information Bureau (BIK) - timely repayment of existing debts significantly increases your credibility in the eyes of analysts.

How does our online creditworthiness calculator work?

Our free tool simulates a simplified creditworthiness assessment process used by commercial banks. To obtain an estimated result, you need to enter several basic financial parameters: the sum of your monthly net household income, the total amount of current installments of other loans, credit card limits, average living costs and the planned loan repayment period in years.

Based on the entered data, the calculator calculates the estimated maximum loan amount you can take out, as well as the projected monthly installment amount. This tool is an excellent starting point for conversations with a loan advisor and allows you to realistically assess your chances of purchasing your dream property before submitting an official application to a bank branch.

Practical ways to improve your creditworthiness before applying

If you want to increase your credit score, you should start by getting your finances in order a few months before you apply. First of all, close unused credit cards and personal account limits. Even if you don't use them, the bank treats them as a potential burden and reduces your creditworthiness accordingly. If possible, pay off smaller cash loans and purchases in installments to reduce the burden on your household budget as much as possible.

Another effective way is to extend the loan period, which reduces the amount of the monthly installment, thus increasing the creditworthiness (although it increases the total cost of the loan). You can also consider applying for a loan with a second borrower (e.g. your spouse or partner), which will allow you to pool your income and spread the risk, which banks assess very positively.

Frequently asked questions