Borrowing Capacity Calculator
See an indicative borrowing range based on your income, living expenses and existing commitments. Results are illustrative and based on the figures you enter, not financial advice, a credit assessment or an approval. Each lender assesses borrowing capacity differently, so when you're ready, tell Christian your figures and he'll talk you through your options. You can also read how lenders work out your borrowing power.
Using the borrowing capacity calculator
Enter whether it is a joint application and how many dependants you have.
Add your income after tax, the interest rate and the loan term you want to test.
Add your living expenses and existing commitments such as car loans, personal loans and credit card limits.
The calculator shows an indicative borrowing amount and the repayment that goes with it.
What it doesn’t include
Each lender’s own assessment rate, expense benchmarks and policy.
Your credit history, employment type and length of employment.
Loan-to-value limits, your deposit, and lenders mortgage insurance (LMI).
It is not a pre-approval or a credit assessment.
Questions people ask
Why do lenders give different borrowing amounts?
Each lender sets its own policy: the rate it tests your repayments at, how it treats different types of income, and the living-expense benchmarks it applies. The same application can produce noticeably different results from lender to lender, which is where comparing lenders matters.
Why is the result lower than I expected?
Lenders generally test whether you could still afford the repayments if rates rose, so they assess at a higher rate than the one you would pay. Credit card limits also count as commitments, even when the card is paid off each month.
How can I improve my borrowing capacity?
Reducing or closing unused credit card limits, paying down other debts and keeping a clear record of your living expenses can all help. Christian can look at your situation and show you which changes would make a difference with the lenders that suit you.
Is this a pre-approval?
No. It is an estimate based on the figures you enter. A pre-approval comes from a lender after it has assessed your application and supporting documents.
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General information only. It does not take your objectives, financial situation or needs into account.