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Debt
Ratio
Calculator
All financial institutions, including IHECU, use various methods to help determine your ability to repay a loan. One of the most common methods is the debt ratio. Basically, the debt ratio is your total monthly debt payments divided by your total monthly income. In general, a debt ratio below 40 percent indicates that you have the ability to repay a loan. A debt ratio of 40 percent or greater may indicate that you are getting a bit "loaned out". However, IHECU takes other factors, such as remaining spendable income, into consideration. If you would like to know what your debt ratio is, fill out the following form and then click on compute.
The
information you submit is used solely for this
calculator and is not retained in any fashion.