Borrowing Power Calculator
Estimate how much you may be able to borrow for your home loan
Borrowing Power Calculator
Use our borrowing power calculator to estimate how much you may be able to borrow based on your income, expenses, and current financial situation.
Borrowing Capacity Calculator
Estimate how much you could borrow based on your income and expenses.
Important Notes
This calculator provides estimates only and does not represent a loan pre-approval or offer.
Lenders use different criteria to assess borrowing capacity, which may result in different outcomes.
Speak with our mortgage experts for a personalised assessment of your borrowing capacity.
Ready to Take the Next Step?
Our expert mortgage brokers can help you understand your borrowing capacity and find the right loan for your needs.
Factors That Affect Your Borrowing Power
Income
Your regular income is the primary factor in determining how much you can borrow. This includes salary, wages, commissions, and other consistent income sources.
Living Expenses
Lenders assess your regular living expenses to ensure you can comfortably afford loan repayments while maintaining your lifestyle.
Existing Debts
Credit cards, personal loans, car loans, and other debts reduce your borrowing capacity as they affect your ability to service a new loan.
Credit Score
A strong credit history demonstrates your reliability as a borrower and can positively impact your borrowing capacity.
Deposit Size
A larger deposit typically allows you to borrow more and may help you avoid Lenders Mortgage Insurance (LMI).
Interest Rates
Current interest rates and the lender's assessment rate (typically higher than the actual rate) affect how much you can borrow.
Ready to Understand Your True Borrowing Power?
Current interest rates and the lender's assessment rate (typically higher than the actual rate) affect how much you can borrow.
