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Dec

A cash donation from the AID Bank to the Christian Union Primary School contributed to...

Dec

In December 2016, AID Bank left an indelible impression on some of the pupils at...

Dec

In the spirit of the Christmas Season, the staff of the Dominica Agricultural Industrial...

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How much should you be earning in order to qualify for the amount you want to borrow? Enter the required loan amount and loan term. Specify an interest rate. For mortgage loans, find out how much you will pay yearly for house tax and home insurance. Also, estimate your monthly debt obligations. This calculator will estimate how much you need to earn in order to qualify for the amount you want.



The Mortgage payment calculator, known also as a Payment Calculator will calculate monthly loan payments based on your selection of interest rates, loan amounts and loan terms. These calculations may also apply to installments for other types of loans offered at the AID Bank. Generally, no more than 36% of your income should be used to cover a mortgage installment. However, AID Bank will allow you up to 40%. Thus, your monthly installment of your mortgage should be less than 40% of your income.



You can save money and shave years off the length of your loan by paying more on your monthly loan payment than your regularly scheduled amount. How much can you save? Fill in the boxes below, including the amount of the additional payment and the number of times you will make that increased payment each year.