Borrowing power calculator

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Not sure how much you can borrow for a home loan? Let our borrowing calculator help you. Simply enter some information about your financial situation and some loan details to get an idea of how much you could borrow, as well as monthly repayments.

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What is your Borrowing Potential?

Did you know that every lender assesses your borrowing capacity differently. Lenders do not treat your income, expenses or your debt equally. Lenders are bound by different regulations, banks for example are regulated by APRA while finance companies are not.  This means that your borrowing capacity can vary wildly. 

The borrowing power calculator gives you a general idea of the amount you can borrow and what your repayments could be. Don't forget though that every lender is different.  Our assumptions page shows you the assumptions that were made to do these calculations. All lenders have assumptions that they make when working out their lending, and a qualified mortgage broker can talk you through what assumptions different lenders will make. While the amortisation page shows a year by year breakdown of how much principal and interest you will pay on your loan. 

dollar sign how much can you borrow

How much do they vary?

When Lenders assess your capacity their are restricted by their own rules and also the regulations under which they sit. As an example APRA in 2016, after a review on the banking sector made the decision they were not happy with some of the lending practices and introduced new guidance that impacted significantly how banks assessed borrowing capacity. 

I already applied and was declined, does this mean I will be declined elsewhere?

When Lenders assess your capacity their are restricted by their own rules and also the regulations under which they sit. As an example APRA in 2016, after a review on the banking sector made the decision they were not happy with some of the lending practices and introduced new guidance that impacted significantly how banks assessed borrowing capacity.