Borrowing Power Calculator

How much can I borrow?

Find out how much you can borrow for your home or property investment loan with our quick and easy MFAA approved Borrowing Power Calculator.

You’re welcome to scroll down the page to use the calculator straight away. However, we recommend taking a moment to read these instructions to help you use the calculator effectively.

When you’re planning to purchase property estimating your borrowing power is a great place to start.

Getting an idea of this number will help you:

  • Work out how much deposit you’ll need to organise
  • Set savings goals
  • Give you an idea of what you can afford

It’s a great starting point to know where you stand (currently) and whether you need to make any changes to your financial situation.

When lenders assess your borrowing power (also known as borrowing capacity), they look at several factors including:

  • Your income
  • Your liabilities (other debts and credit cards)
  • Number of dependents (whether you have any children and how many)
  • Living expenses

How to use the Borrowing Power Calculator

Our Borrowing Power Calculator will give you an estimate, a ballpark idea of how much you can borrow.

The calculator will also give you an indication of what your loan repayments might be.

When you use the calculator you’ll need to complete several fields so it can estimate your borrowing power.

Please change the interest rate to 4% this will give you a more accurate estimate based on the current financial climate. 

To help you calculate your monthly expenses you can download and complete the Living Expenses Template.

How to increase your borrowing power

So, what if your borrowing power isn’t as high as you’d like?…

Remember the borrowing power calculator only gives you an estimate of how much you may be able to borrow.

If you’d like a more accurate number, you’re very welcome to book a quick phone consultation with our lending expert Carl Violeta.

Here are a few things you can do to increase your borrowing power:


  • Increase income – easier said than done I know, but it might be worthwhile investigating whether you have the capacity to take on extra work to increase your income
  • Pay down any debts such as personal loans and credit cards
  • Reduce credit card limits


For specific, tailored advice get in book a free phone consultation our friendly lending expert Carl

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