Credit Score Calculator
Have you ever wondered how a lender sees your home loan application? This calculator can estimate the risk rating or “credit score” of your loan. The calculator uses a similar method to that used by the banks and Lenders Mortgage Insurers to assess loans. Although of course some lenders believe particular aspects of your loan are a higher or lower risk, you will find that this calculator is an excellent guide to help you understand why a bank may decline your loan.
Instructions
If there is more than one person applying for the loan and you both have different answers to one of the questions then please enter the “worst” option. For the recent credit enquiries question this includes all finance types including mobile phones, electricity accounts, credit cards, store cards, interest free consumer finance (GE / Harvey Norman etc), home loans & personal loans.
