Before determining “how much” you’ll get, you must first understand “how” it is calculated!
Car Loan Calculation
Financial institutions will return a loan payment proportional to your ability to repay it.
Interest Rate Calculation
Interest rates are set by banks. Non-prime rates, for example, begin at 8.9 percent.
It is the analyst’s responsibility to deliver a loan application that presents you in the best possible light. This will benefit you in obtaining better loan terms.