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Borrowing power calculator

Before you get started, use this borrowing calculator to get an upfront estimate of how much you could borrow for your home loan.

Important to know

There are a lot of different factors that go into calculating how much you can borrow for a home loan. We’ve designed our borrowing calculator to be a faster and simpler way to get an estimated answer. Every lender has their own way of calculating borrowing power so you might get different results with other home loan calculators. Our home loan borrowing calculator takes into account the type of loan you’re applying for, your income, and your expenses to give you an idea of how much you can expect to be able to borrow.

How this borrowing power calculator works

The results are not advice on how much you can or should borrow, which product you should choose, the product features or options, or about making extra payments.

The ranges of rates, terms and loan amounts in the calculator may not be available for products offered by us or other credit providers. Credit providers have different credit criteria and there may be other factors which affect whether you qualify for credit and the amount you could borrow. The results assume regular scheduled payments and that the interest rate does not change, and do not include any discount period. Interest rates are subject to change except during a fixed rate period.

The rates and repayment amounts do not include any monthly service fees or lenders mortgage insurance if applicable. You will receive a formal assessment when you begin an application, and enter the specifics of the property, your loan type, personal details and your financials. Find out more about our eligibility criteria here.

Lenders take various factors into account when assessing borrowing power, including income, expenses, and existing debts. HECS debt is considered a liability and is included in the debt calculation. This means that borrowers with HECS debt may be eligible for a smaller loan amount compared to someone without HECS debt. Find out more here.

One of the key factors that determine your borrowing power is your credit score. A high credit score indicates good creditworthiness and can increase your chances of having your loan approved with favourable terms.

Another important factor that lenders consider is your income. Increasing your income. can improve your borrowing power.

Lenders also review your existing debts when assessing your application for a home loan.

Find out more about how to increase you borrowing power here.

Get a more rewarding home loan and earn 100,000 points every year

Need any help?

Our Home Loan experts are happy to help with your application 7 days a week.

New customers, Monday to Friday: 8:00am to 6:30pm. Weekends: 9:00am to 5:00pm (AEST)

Existing customers, Monday to Friday: 8:30am to 8:30pm. Weekends: 9:30am to 4:30pm (AEST)

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Call: 1300 992 700