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What is NSR?

April 26, 2017nsr

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What is NSR?

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A. Net Surplus Ratio – This is the alternate method lenders use to qualify you for a property loan. Basically all your monthly commitments including the cost of repaying your home loan and an allocated monthly living amount are added together then this amount is deducted from your net income. If there is a surplus, you basically qualify to service your debts. When calculating you home loan repayments, the lender generally adds up to a 2% buffer to their loan product interest rate before calculating your monthly repayment cost.