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Borrowing Power Calculator

Borrowing Power Calculator

Applicant details

Number of adults ?
Number of children ?
What type of loan do you need? ?
My/our housing situation will be ?
Where will I be living?
I live in the capital of this state.

Income details

Please enter your pre-tax income in each box. Our calculator will work out your tax automatically.
  • Income details
  • Base income p.a.
  • Tax free income p.a.?
  • Rental income per week?
  • ApplicantApp 1
  • $
  • $
  • $

Commitment details

New mortgages

  • Loan amount
  • Term ?
  • Interest only periodIOP ?
  • Rate type ?
  • InvestmentInvt ?
  • $

Commitment details

Current mortgages

  • Loan amount
  • Rate ?
  • Term ?
  • IOP ?
  • Rate type ?
  • InvestmentInvt ?
  • Repaid ?
  • $

Commitment details

Current commitments

Total credit card limits ?
Total personal loan repayments per month
Total car loan repayments per month
HECs/HELP repayments per month ?

Contact a mortgage broker

Please email me a copy of the results: Yes No
Talk to one of our mortgage brokers about your situation: Yes No   


This calculator is designed to help you work out how much different banks will allow you to borrow when applying for a home loan.

Although it uses the exact same method as those lenders, you should always consider your own personal circumstances when deciding how much you should borrow.

How can I increase my borrowing power?

If you can’t borrow as much as you would like then you should consider changing your circumstances so you can qualify for a larger loan.

  • Cancel your credit cards.
  • Switch your current loans to interest only (acceptable to some lenders).
  • Fix the rate on your current loans (acceptable to some lenders).
  • Choose a lender that can include overtime, bonus and other income.
  • Choose a lender that allows you to borrow more.

Speak to our mortgage brokers by calling 1300 889 743 or fill in our free assessment form to find out which banks can lend you the most.

Should I borrow to my limit?

In most cases, it doesn’t make sense to borrow to your limit. If life throws you a curve ball then you’ll be unable to recover.

Having a healthy cashflow as well as some funds on standby will help you to ride out many of the small problems in life.

You should look ahead and consider if you will have children or if your housing needs or income will change. Borrow a suitable amount for your future income and expenses.

It’s ok to borrow closer to your limit if you are at the beginning of your career, have a regularly increasing income and are not planning to have children right away. This can allow you to buy the home that will suit you for many years to come without requiring you to sell and buy a new property in a few years time.

How can we help?

Our mortgage brokers are accredited with all major lenders such as ANZ, Bankwest, Commonwealth Bank (CBA), National Australia Bank, St George, Westpac (WBC) and many more. We also have access to their serviceability calculators which means we can calculate your borrowing power before submitting a home loan application.

Call us on 1300 889 743 or fill in our free assessment form and we’ll work with you to get you the amount that you need.

  • Matilda

    Can I not show some of my credit cards while applying for a home loan?

  • Hi Matilda,

    Lenders view non-disclosure of debts as a serious offence and you shouldn’t do such. If you have more credit cards than what’s necessary, then you can reduce the limit, as reducing the limit will improve the amount you can borrow on your home loan. Moreover, if you have unused credit cards, it is best to cancel them.