Borrowing Power Calculator

Your borrowing power refers to the amount you can borrow on the basis of your salary, financial commitments and loan details. The borrowing power calculator is a convenient tool to estimate your borrowing power.

How much can I borrow from a bank or lender in Melbourne?

The answer to this question will vary from person to person. The amount you can borrow from a bank or a lender in Melbourne depends on a range of factors including the number of applicants, annual regular income, income from properties, living expenses, other loan repayments, credit card limit, other financial commitments and more.

Here are the three broad factors lenders consider to ascertain eligibility:

  • Debt-to-income ratio
  • Loan-to-value ratio
  • Credit score

How does the “how much can I borrow calculator” work?

The “how much can I borrow calculator” takes into account your annual income, home-related expenses, financial commitments, monthly debt repayments, expected loan term and interest rate and more factors to determine how much mortgage you’ll be able to qualify for.