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Last Updated: 7th June, 2024

‘How Much Can I Borrow’ Calculator

Disclaimer: The ‘How much can I borrow?’ calculator takes your income and expenditure and provides an accurate indication of how much you can afford to borrow.It combines the exact method used by the serviceability calculators of three banks to find out whether you’d be eligible for a home loan.


We Have More Calculators To Help You With Your Situation.


What Is Borrowing Power?

Borrowing power is essentially your financial capacity to get approved for a home loan. It signifies the maximum amount of money a lender is willing to lend you.

Before you get approved for a home loan, lenders will thoroughly assess your financial situation to ensure you can comfortably manage repayments. This assessment considers various factors, such as your income, expenses, existing debts, credit history and assets.

The lender’s assessment will determine your borrowing power, giving you a clear idea of the price range within which you can search for properties.


How Our ‘How Much Can I Borrow’ Calculator Works

Our borrowing power calculator takes a very different approach to helping you find the most suitable loan: