Borrowing Power Calculator
How Much Can You Borrow?
Applying for a loan can feel overwhelming, but our borrowing power calculator is here to simplify the process. Your loan limit is determined by several factors, including your income, whether you’re applying individually or jointly, and your ongoing financial commitments like credit card debt or dependents. Just enter your information below to get an estimate of how much you may be able to borrow.
Borrowing Power Calculator
About you
Income
Expenses
Loan Assumptions
Borrowing Capacity
$0
Expenses exceed income
Disclaimer: This calculator provides an estimate for illustrative purposes only. These results do not constitute a formal quote or loan pre-approval. Assessment formulas vary between lending institutions and all interest rates or default assumptions are subject to change without notice.
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Frequently Asked Questions
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Lenders use a serviceability assessment to see if you can afford a loan. They take your income and subtract taxes, living expenses, and existing debts. They also add a 3% interest rate buffer (set by APRA) to ensure you can handle future rate hikes.
Speak with a Borrowing Specialist
