Key takeaways
- List your own income and spending before choosing a repayment amount.
- Allow for expenses that do not arrive every month.
- A worksheet is a planning tool, not a lending decision.
Start with your own numbers
Make four columns: take-home income, household spending, existing commitments and planned savings. Use recent figures so the worksheet reflects your current circumstances.
Include irregular expenses in a separate row. A yearly bill divided into monthly amounts can make it easier to see how much you need to set aside.
Try a simple example
| Take-home income | S$3,500 |
|---|---|
| Household spending | − S$2,100 |
| Existing commitments | − S$400 |
| Savings and irregular expenses | − S$500 |
| Remaining before a new repayment | S$500 |
In this example, adding a S$350 repayment leaves S$150. That calculation does not establish that the loan is affordable: omitted expenses or a change in income could alter the result.
Change the assumptions
Try the worksheet again with a larger household bill or a lower income figure. Compare the results with and without the proposed repayment. Keep the version you can explain clearly, and review the actual offer before deciding.
The repayment calculator can help you explore different amounts and periods. Its figures are estimates rather than confirmed terms.
Common questions
Is the remaining amount my borrowing limit?
No. This worksheet simply subtracts example spending from example income. Eligibility and lending limits are assessed separately.
General information only. Product availability, eligibility and terms vary by provider. These guides do not promise approval or a particular offer.
