How Much Can I Borrow Calculator
This calculator allows you to quickly calculate what you can afford to borrow based on your income and expenditure. Please enter the figures required and then click on calculate.

Income earnings must be specified correctly. Please ensure that the income details of one of the income earners is recorded under the "Applicant 1" column.

The Loan Term must be specified, and must be greater than 0

Number of dependent adults (excluding income earning applicants)
Number of dependant children (under 18)

* Required field

Annual income details

  Applicant 1* Applicant 2 Applicant 3 Applicant 4
Gross annual salary or wages
Rental income
Investment income
Other taxable income
Tax free income
Bonus Income

* You must enter at least one income source from at least one applicant.

Ongoing expenses (monthly repayments)

Personal loans
Credit cards (eg. Visa/MasterCard/Bankcard)
Store cards (eg. Myer/David Jones/Target)
Bank loans (eg. ongoing home loans/overdraft/line of credit)
Other loans (eg. credit unions/finance companies)
Ongoing monthly rental payments
Monthly living expenses*

Loan product

Loan product*
Loan term (years)*
Interest only period (years)
Is this loan negatively geared?

* Required fields

Tax benefit % applicable to:
Applicant 1 Applicant 2 Applicant 3 Applicant 4
What percentage of the interest expense for your new negatively geared property will be used as a deduction against the taxable income of each applicant?

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The figures and formulae used within this Calculator may change at any time without notice. The calculations are intended as a guide only. When assessing ability to service a loan, the Bank may use an interest rate that is higher than the current interest rate for the loan requested. We call this the Assessment Interest Rate. Changes in economic conditions may see variations in rates requiring higher repayments during the life of a loan and it can be of assistance, when setting budgets, to consider such events.