Borrowing power calculator
Working out how much you can borrow
Want to find out how much you might be able to borrow for a home loan? Our borrowing power
calculator gives you an initial estimate of what a lender may be willing to lend to you.
This is a handy step to take before you contact your mortgage broker so that you can see the
effect different interest rates and loan periods will have on the amount of money you can borrow,
the total interest you pay and your estimated monthly loan payments.
By entering the length of the mortgage, your salary (plus additional salary if you’re looking to co-
purchase), your expenses and the number of any dependants you may have, the calculator will
assess your borrowing power based on your earnings and other financial commitments.
Make sure you enter realistic figures to get a more accurate picture of what you can comfortably
afford to borrow. You’ll want to ensure that you don’t end up overstretched or struggling to meet
your repayments. To work out different rates of repayments, pair this calculator with our home
loan repayment calculator.
“*The calculator has been provided in good faith as a guidance tool only. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative”
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Speak to an Expert
If you have any questions about lending no matter what is it or if you know what you want and are ready to move
forward…we can help!
forward…we can help!
Our friendly staff will answer your questions and step you through the process. Contact us today!