Borrowing Power Calculator
Estimate how much you could borrow for a home loan. Based on your income, expenses, and existing commitments.
Your Estimated Borrowing Power
Maximum Borrowing
$520,000
Monthly Repayment
$3,635
Surplus Income
$1,500
Monthly Income Allocation
*Estimate only. Actual borrowing capacity depends on lender policies, credit history, and property type.
Factors Affecting Borrowing Power
✅ Increases Borrowing Power
- • Higher income
- • Longer employment history
- • Clean credit history
- • Larger deposit (lower LVR)
- • Fewer dependents
- • Low existing debts
❌ Decreases Borrowing Power
- • High living expenses
- • Existing loans (car, personal)
- • Credit card limits (even if unused)
- • BNPL accounts
- • More dependents
- • Self-employed (vs PAYG)
Tips to Increase Borrowing Power
- • Cancel unused credit cards - lenders count the full limit as potential debt
- • Pay off BNPL - these significantly impact your assessment
- • Reduce discretionary spending - 3-6 months of clean bank statements helps
- • Pay off car loans if possible before applying
- • Consider a joint application with a partner to combine incomes
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