🏦 Mortgage Tool

Mortgage Affordability Calculator

Find out exactly how much home loan you can qualify for based on your income, debts, and your African bank's affordability rules.

💰 Your Income & Expenses
Before tax deductions
After-tax take-home pay
Spouse / joint applicant income
Rental, business, investments
💳 Existing Monthly Obligations
🏦 Loan Parameters
South Africa prime + 1% avg ~11.75%
Cash available for deposit
SA banks typically allow max 30% of net income
Maximum Affordable Loan
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Based on your income and bank affordability rules
Max Home Price
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Monthly Payment
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Debt Service Ratio
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Debt Service Ratio (DSR) 0% of net income
0%Safe ≤30%Caution 30–40%High Risk >40%
📊 Rate Scenarios
Affordability SummaryAmount
🤖 AfroTools AI Insight

🏦 African Bank DSR Rules

🇿🇦 South Africa
Max 30% of net income (NCA rules). NHF loans allow up to 33%.
🇰🇪 Kenya
Max 40% of gross income. Stima Sacco allows up to 50% for members.
🇳🇬 Nigeria
Max 33% of net income (CBN guidelines). NHF loans: 30% of net.
🇬🇭 Ghana
Max 40% of gross income. HFC Bank, GHL use 30–35%.
🇪🇬 Egypt
Max 40% of net income (CBE guidelines for social housing).
🇲🇦 Morocco
Max 33% of gross income. CIH and Attijariwafa use this limit.

❓ Common Questions

What is a Debt Service Ratio? +
DSR (Debt Service Ratio) is the percentage of your monthly income that goes toward debt repayments. Banks use this to decide if you can afford the loan. In South Africa, the limit is ~30% of net income. In Kenya and Ghana, banks use ~40% of gross income.
Can I use rental income in my application? +
Yes, most African banks will accept 70–80% of rental income as qualifying income. You'll need lease agreements and bank statements showing deposits. Some banks require 2 years of rental history.
How does a joint application help? +
A joint application (spouse or co-buyer) combines both incomes, which can significantly increase the loan amount you qualify for. Both applicants' credit histories are assessed, so both need good credit.
What if I'm self-employed? +
Self-employed borrowers typically need 2–3 years of audited financial statements, 6–12 months of bank statements, and a letter from an accountant. Banks often apply a 10–20% "haircut" on declared income for self-employed applicants.