Borrowing Power Calculator
Estimate how much you could borrow based on your financial situation.
Disclaimer: This is an indicative estimate only. Actual borrowing capacity depends on the lender's criteria, your credit history, and other factors.
Understanding Borrowing Power
Your borrowing power is the maximum amount a lender will let you borrow based on your financial situation. Lenders assess your gross income, living expenses, existing debts, and the number of dependants to determine how much you can afford to repay.
Most lenders apply an "assessment rate" — your actual rate plus a buffer (typically 2-3%) — to stress-test your ability to repay if rates rise. This means your actual borrowing power may be lower than you expect.
Tip: Reducing credit card limits, paying off personal loans, and minimising living expenses before applying can significantly increase your borrowing power.