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The world’s first Open Banking loan calculator

Use your bank data to find out exactly how much you can afford to borrow

Borrowing Power

£ ???pm

Increase your chances of being accepted

Lenders will decline your loan application if you can’t afford it. With real banking data we can calculate exactly how much you can afford

We support over 20 UK Banks

Tell us how much you want to borrow

It only takes a minute to check your affordability. It’s safe, secure and free

You can afford up to

£ ???pm

£

Borrow between £1,000 - £25,000

Get started
Can I afford it?
How much can I afford?

Fast, accurate, secure

21.5% APR representative

We’ve made it as simple and safe as possible for you to use our service

We currently support over 20 UK banks

We take security very seriously and use the same type of security standards as the leading banks when you connect your bank accounts

Read our frequently asked questions

Still need a bit more information? Here’s our frequently asked questions to help you out

What is Borrowing Power?

Your Borrowing Power is the amount of money you can afford to repay towards a loan each month. We work it out by categorising your bank data into the following groups:

Regular income – identified salary, pension income and other regular transfers into your bank account.

Regular spending – rent and mortgage, utilities, credit card and loan repayments, insurance premiums, essential shopping and other regular transfers from your bank account.

We then subtract your regular income from your regular spending to calculate what you can afford to borrow. We then use our proprietary interest rate to estimate your monthly repayments for a loan and how much you'll have left over in your bank account.

What is an Open Banking loan calculator?

You may have used a loan calculator in the past that asks you how much you're looking to borrow, over what period and asks you to choose the interest rate. The problem with this is that it relies on your to do the mental maths to calculate whether or not you can afford it. Plus, it's very difficult to predict what the interest rate will be without having checked your eligibility. You can read more about loan interest rates here.

We're different in that we've built the World's first Open Banking loan calculator which uses your actual bank data to calculate what you can afford before you compare loans.

What is Open Banking?

Open Banking is a data sharing standard introduced by the Compeition and Markets Authority (CMA) to encourage financial services innovation. This means that, with your consent, all banks in the UK must allow you to securely share your transaction data with third parties called Account Information Service Providers ("AISPs").

AISPs must comply with strict rules and be regulated by the Financial Conduct Authority ("FCA"). Consents.Online are our trusted Open Banking partner. They are a regulated AISP who help companies like us connect to banks and manage consent for data sharing. You can read more about them here.

Is Open Banking safe?

Yes Open Banking was designed with security and control in mind. Open Banking uses rigorously tested software and security systems to ensure you data is protected. You will never be asked to provide your login details to anyone other than your bank.

If you're using a mobile you will be sent to your banking app where you log in and confirm that you are happy to share the data with us. By providing consent you are giving us 'read-only' access to your data and no payments can be made to or from your account. You can also revoke data sharing consent with us at any time by logging into your bank.