Borrowing Power Calculator

Please note: This calculator will give you a pretty conservative estimate of your borrowing power. This is because it uses an assessment rate (fixed floor rate) of 7.50% to calculate your borrowing power. Many (but not all) lenders now use lower assessment rate, check out our blog post explaining how assessment rates work to learn more.

Your borrowing power will vary from lender to lender. Please book a phone consultation with our lending expert Carl for an accurate indication of your borrowing power.

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.

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.

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 figure 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%. Interest rates are very competitive at the moment. Changing the interest rate to 4% will give you a more accurate (although still pretty conservative) estimate of what your repayments.

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

Book a free consultation with our lending expert Carl

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. It’s a pretty conservative estimate, your borrowing power will vary from lender to lender.

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

Ready to take the next step?

It’s time to book a chat with our friendly lending expert Carl if:


You’re ready to get your pre-approval started so that you can buy your next property

You want an accurate understanding of your borrowing power based on your financial circumstances

You’d like personalised, tailored strategies to increase your borrowing power

You’re not sure what to do next and need an expert to guide you

If any of these sound like you, it’s time to get Carl in your corner.

Book a quick (potentially life-changing) phone consultation with Carl, and let’s make those big dreams of yours a reality.