Home Loan Experts

Credit Score Calculator

General

What will you be using the loan for?
What is the intended use for the property?
Loan amount ? The amount you would like to borrow.
$
Property value ? Enter the purchase price of the property that you are buying or if you already own the property then enter its current value. If you are using multiple properties as security for your loan then add in their total value.
$
Is this a guarantor loan? ? You can only borrow over 95% of the value of your property if you have a guarantor.
Number of applicants?

Employment

How long have you been in your current job?
Applicant 1
Applicant 2
What is the condition of your employment?
Applicant 1
Applicant 2
Which field do you work in?
Applicant 1
Applicant 2

Credit history

How many credit enquiries are on your credit file in the last 6 months? ? This is the number of times you have applied for any form of credit in the last 6 months. This includes all loans, credit cards and utilities that you have applied for.
Applicant 1
Applicant 2
Do you have any credit problems such as judgements or defaults?
Applicant 1
Applicant 2
Have you missed payments on your current debts? ? Your current debts are your credit cards, personal loans and mortgages. If you are late by just a single day then this is considered to be a missed payment.
Applicant 1
Applicant 2

Asset position / stability

Do you have any genuine savings or shares (gifts are not included)? ? If you are applying with someone else, then add your genuine savings together and select the relevant option.
How long have you lived at your current address?
Applicant 1
Applicant 2
Your age
Applicant 1
Applicant 2
Total assets ? The total value of everything you own. This is usually your savings, cars, properties, superannuations, furnitures and shares.
$
Total liabilities ? The total amount that you owe. This is usually the balance of your credit cards, personal loans and mortgages.
$

Contact a mortgage broker

Talk to one of our mortgage brokers about your situation:
Yes 
No 

How Does This Calculator Work?

The credit score calculator is a tool that helps you figure out how lenders might view your loan application. It works by asking you to enter basic details like what you need the loan for, the loan amount, the property value, and how many people are applying. This info helps the calculator give you a score that shows your risk level to banks.

The tool uses a method similar to what banks and mortgage insurers use to check loans. It looks at things like your loan amount compared to the property value and any recent credit checks you’ve had, including phones, cards, or other loans. If you and someone else are applying together and have different answers, please enter the “worst” option.

This calculator isn’t exactly like a bank’s system, but it gives you a general idea of why a loan might get turned down. It’s a helpful way to spot any issues and get ready before applying for a loan.

Note: In regards to 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 and personal loans.

You Can Make Your Credit Score - Or Break It

Learn 20 expert-approved ways to improve your credit score.

Fill out the form to access an exclusive PDF.

Speak with our mortgage brokers!

The secret to getting approved is finding a lender that either doesn’t credit score or has a scoring system that can accept your situation. Our mortgage brokers are credit scoring specialists. Please complete our free assessment form or contact us on 1300 889 743 and we can help you to get approved for your mortgage!

Frequently Asked Questions

What Should I Do If My Credit Score Is Low?

After using the credit score calculator, you can submit your details to be assessed by one of our mortgage brokers. If you’re not planning to take out a home loan at the moment, you can leave a Disqus comment on the page, outlining your situation, and we’ll provide a more personalized response.

What Is A Credit Enquiry, And How Does It Affect My Credit Score?

Why Do Multiple Credit Enquiries Hurt My Chances Of Getting A Loan?

What Should I Do To Avoid Issues With Credit Enquiries?

Can I Still Get A Loan If I Have Multiple Credit Enquiries?

Do All Lenders Use Credit Scoring To Assess Loan Applications?

Get in touch with
a specialist mortgage broker today.

With our award-winning mortgage brokers, tough home loan approvals become a breeze.