Income Annualisation Calculator
Convert income received weekly, fortnightly, monthly or for part of a year into an annual figure lenders can assess.
Use the income annualisation 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 income annualisation calculator tells you
What it shows
Annualised income based on the period and amount you enter.
What you need
Amount received and the period it covers.
What to do next
Different lenders annualise irregular income differently, and that difference can decide your application.
Three things worth testing
- Keep payslips showing year to date figures, which lenders prefer.
- Casual income usually needs six to twelve months of history.
- Contract workers should keep contract documentation available.
Frequently asked questions
Will a lender accept my annualised income?
How is a recent pay rise treated?
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