Borrowing power calculator

The results are not advice on how much you can or should borrow, which product you should choose, the product features or options, or about making extra payments.

The ranges of rates, terms and loan amounts in the calculator may not be available for products offered by us or other credit providers. Credit providers have different credit criteria and there may be other factors which affect whether you qualify for credit and the amount you could borrow. The results assume regular scheduled payments and that the interest rate does not change, and do not include any discount period. Interest rates are subject to change except during a fixed rate period.

The rates and repayment amounts do not include any monthly service fees or lenders mortgage insurance if applicable. You will receive a formal assessment when you begin an application, and enter the specifics of the property, your loan type, personal details and your financials. Find out more about our eligibility criteria here.

Lenders take various factors into account when assessing borrowing power, including income, expenses, and existing debts. HECS debt is considered a liability and is included in the debt calculation. This means that borrowers with HECS debt may be eligible for a smaller loan amount compared to someone without HECS debt. Find out more here.

One of the key factors that determine your borrowing power is your credit score. A high credit score indicates good creditworthiness and can increase your chances of having your loan approved with favourable terms.

Another important factor that lenders consider is your income. Increasing your income. can improve your borrowing power.

Lenders also review your existing debts when assessing your application for a home loan.

Find out more about how to increase you borrowing power here.