How lenders look at affordability

There are several ways affordability is considered by lenders.

Lenders are legally obliged to assess the affordability of a loan. Usually this involves looking at bank statements or (for a quicker decision) by opting in to Open Banking.

The following tips outline several ways you can ensure your affordability isn’t impacted too much.

The lenders on NestEgg’s comparison site will take these factors into account when assessing a loan applicant’s affordability.



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