How to find Borrowing Power in Australia
Borrowing Power Calculator
Estimate how much you can borrow based on income, expenses and current interest rates.
Uses ~30% of gross income minus expenses for max repayment, at assessment rate + buffer. Lenders vary — this is an estimate only.
Borrowing Power Calculator
Calculator Intro
Estimate how much you may be able to borrow for a home loan based on your gross annual income, monthly living expenses, assessment interest rate and loan term.
How It Works
Enter your gross annual income and monthly living expenses. The calculator uses the assessment rate and loan term to estimate your potential borrowing capacity.
Field Explanation
- Gross annual income: Enter your total yearly income before tax.
- Monthly living expenses: Enter your estimated regular household and living costs each month.
- Assessment rate (% p.a.): Enter the annual interest rate used to assess your borrowing capacity.
- Loan term (years): Select the expected length of the loan.
The calculator provides an estimated borrowing power based on the information entered. Your actual borrowing capacity may differ because lenders may consider other factors such as existing debts, income type, credit commitments, lender policies and assessment criteria.
Important
This calculator provides an estimate only and is not a guarantee of loan approval or borrowing capacity. Actual results may vary between lenders and individual financial circumstances.