Borrowing Power Calculator

How much can I borrow?

Our borrowing power calculator gives you an initial estimate of what a lender may be willing to lend you based on your regular income and expenditure.

The calculator will determine how much you may be eligible to borrow on a home loan by taking a few important factors into consideration. For the calculator to be effective, please ensure that you are as accurate as possible when entering your information.

The calculator is divided into three sections:

Pre-tax Salary: This should include all income including your gross wages (salary before tax is deducted) and any other regular income including rental income, investment income, government benefits etc.

Monthly Expenses: This is part is broken down into several sections.

  • Household living expenses: This should include your day-to-day living expenses including groceries, rent. insurance costs etc.
  • Loan Repayments: Include the total repayment amount you pay each month for existing loans.
  • Credit Limits: Include the total amount of your credit cards, store cards etc.

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates 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.

Still have questions? Contact us today and speak with one of our experienced brokers.