KALP is a Swedish term that stands for "Kvar Att Leva På", meaning "left to live on." It refers to a calculation used to estimate how much money a person has left each month after fixed expenses are deducted from their income. This helps lenders assess whether there is sufficient financial room to take on a loan.
The calculation typically includes income, housing costs, existing loans, and a standard allowance for living expenses. If the result shows that too little remains, the loan may be declined or approved for a lower amount.
A full affordability calculation (KALP) is not always used for every type of credit. It depends on factors such as the size and type of the loan. For smaller credits, simplified assessments may apply.