Customers who take up the Smartphone Offer can choose from 1GB or 10GB data packages in addition to the data package applicable under their Smart, Elite Super or Emirati plan. Customers will be able to check the aggregate data available by sending a SMS with the key word âRewardsâ to the short code 1233.
For example, $1000 in monthly debt divided by $3000 in monthly income is a debt ratio of 33.3%. Your debt includes existing minimum payments on credit card and loan payments, as well as the mortgage payment you'd have if you get the loan, including taxes, insurance, and any mortgage insurance premium.
Hereâs a simple formula to calculate the amount of income youâll need to purchase a home: Target mortgage payment + consumer debts Ã· .36 = Gross monthly income needed to qualify. Most lenders limit your debt-to-income ratio (how much of your monthly income pays debt) to between 36 percent and 45 percent.or every dollar of debt, you will need double that in income. So if you have a $300 car payment, youâll need at least $600 per month or more in income to offset that debt. Debt erodes income, and less income translates to less purchasing power.