Borrowing Power Calculator
Find out roughly how much you may be able to borrow before you start inspecting properties. The calculator weighs your income against your commitments and living costs the way a lender does.
Use the borrowing power calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the borrowing power calculator tells you
What it shows
An estimated maximum loan amount and the indicative repayment at that level.
What you need
Income, existing debts and credit card limits, living expenses, dependants and loan term.
What to do next
An estimate is a starting point. We can tell you which lenders assess your income most favourably.
Three things worth testing
- Credit card limits reduce borrowing power even when the balance is zero.
- Reducing or closing unused facilities before applying can lift your capacity.
- Lenders assess repayments at a buffer above the actual rate.
Frequently asked questions
Why do lenders give different borrowing amounts?
Is this the same as pre approval?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362