Understanding your borrowing capacity provides a clear idea of your budget.
Use our calculator to estimate your capacity based on your income, expenses, and current lending conditions.*
Plan your future with confidence by getting in touch with the It’s Simple team to confirm the numbers and explore the best loan options for you.
Important: This calculator provides a guide only. The results are estimates and do not constitute financial advice. Actual borrowing capacity will depend on your lender’s assessment of your circumstances, and may vary once fees, charges, and credit criteria are applied. Always speak with a qualified finance professional before purchasing property or entering into any financial agreement.
Estimate your borrowing capacity based on income, expenses, and current lending conditions*.
Important: This calculator provides a guide only. The results are estimates and do not constitute financial advice. Actual borrowing capacity will depend on your lender’s assessment of your circumstances, and may vary once fees, charges, and credit criteria are applied. Always speak with a qualified finance professional before purchasing property or entering into any financial agreement.
Borrowing power is the amount a lender may be willing to lend you, based on your income, expenses, debts, and financial situation.
The amount varies for each person. Lenders assess your income, expenses, existing debts, and credit history. Our calculator gives you an estimate, but a broker can give you a more accurate figure.
Key factors include your income, living expenses, debts, credit history, loan type, and interest rates. Even small changes in these can impact how much you can borrow.
Reducing existing debts, lowering credit card limits, improving your credit score, or increasing your deposit can all help. A broker can also guide you toward lenders with policies that may boost your capacity.
Longer loan terms can reduce your repayments, which may increase your borrowing power. Shorter terms mean higher repayments, which can reduce the amount you qualify for.
No. The calculator provides an estimate only. Your actual borrowing power will depend on the lender’s assessment, their credit policy, and any additional fees or charges.
Each lender has its own credit policy and risk appetite. Some may accept higher living expenses or factor in different types of income, while others may be stricter. That’s why your borrowing power can vary depending on the lender you choose.
