Debt-to-Income Ratio

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Definition of “Debt-to-Income Ratio” :

The Debt-to-Income Ratio (DTI) is a personal finance measure that compares an individual’s total debt to their total income. It is used by lenders in South Africa and globally to assess the borrower’s ability to manage monthly payments and repay debts. The lower the DTI, the less risky the borrower is to lenders.

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