Are you spending too much?
By knowing your Expense-to-Salary Ratio (ESR) you can find out how your monthly payments impact your salary.
The ESR is part of your Credit Report. It shows how much of your last reported salary goes to your loans, bills, credit card and other monthly payments. A lower ESR means you have more opportunities to borrow, save or invest.
Why it helps to know your Expense-to-Salary Ratio (ESR)?
Manage your budget
Understand how much of your salary goes towards monthly payments, and how much you have left over.
Set financial goals
Know how your monthly payments impact your salary so you can set more realistic financial goals.
Plan your savings
Identify how much you can set aside for savings or investments.
What is the Expense-to-Salary Ratio (ESR) based on?
ESR is based on your last reported salary and your monthly scheduled payments. The following payments are taken into account:
Loan Payments
The total monthly payments due on outstanding loans
payments
Credit Card Payments
5% of the credit limit of all active credit cards
payment
Telecom and utility payments
Total dues on phone, data plans and utilities from the previous month
receipt_long
Frequently Asked Questions
