Wondering how much you could borrow towards your dream home or next investment property? Use our borrowing power calculator to get a quick and reliable estimate of your potential borrowing limit based on your income, expenses, and current financial commitments. Whether you’re a first-time buyer or an experienced investor, knowing your borrowing power can help you make informed property decisions — with confidence.
Our borrowing power calculator helps you understand how much a lender may be willing to offer you based on your financial situation. By entering details such as your income, existing debts, living expenses, number of dependents, and desired loan term, you’ll get an instant estimate of your borrowing capacity.
This is a helpful starting point before speaking with a Loanworx mortgage specialist, as it gives you a clearer picture of your affordability and helps you plan your property journey effectively.
Keep in mind this is a guide only — your actual borrowing power may vary based on your full financial profile, credit history, and lender policies.
At Loanworx, we’re committed to helping you make smarter financial decisions. In addition to the borrowing power calculator, we offer a range of other handy calculators to assist you on your journey.
Before relying solely on the results of the borrowing power calculator, here are a few key things to be aware of:
The calculator provides a general estimate of your borrowing limit. It doesn’t take into account all aspects of your financial situation, nor does it constitute a pre-approval or formal lending assessment.
Lenders closely examine your living expenses and spending habits. If your actual expenses are higher than the national average, it may impact your borrowing power.
Every lender has different criteria. Two banks may assess the same application differently. At Loanworx, our brokers compare multiple lenders to help you maximise your borrowing potential.
Credit cards (even unused limits), personal loans, HECS/HELP debt, and other liabilities can reduce your borrowing capacity. Be sure to enter all existing commitments accurately.
The interest rate you expect to pay on your home loan will affect how much you can borrow. Even a small change in rates can shift your borrowing power significantly.
A borrowing power calculator is an online tool that estimates how much you may be eligible to borrow for a home loan based on your income, expenses, and debts.
Our calculator provides a reliable estimate, but actual loan amounts can vary depending on your complete financial profile and each lender’s assessment criteria. Use it as a guide and speak with one of our brokers for personalised advice.
Yes. You can potentially increase your borrowing power by:
No. Using our borrowing power calculator is completely free and won’t impact your credit rating in any way.
Once you’ve got your estimate, book a free consultation with a Loanworx mortgage specialist. We’ll help you compare loans, apply for pre-approval, and take the next step towards purchasing your property.
It’s important to us that we offer a wide range of lender options to you. Our access to over 1500 products ensures that we work in your best interest in matching the most suitable lenders for your situation. Here are some of the lenders that our brokers may work with for you.
Use the Loanworx borrowing power calculator now to find out what’s possible — and when you’re ready, our expert team is here to guide you through the home loan process from start to finish. With access to over 40 lenders, we’ll find the right solution tailored to your needs.
It’s what we do best. Call us now on 1300 562 696 or fill in the below form to speak to one of our highly skilled brokers.
Phone: 1300 LOANWORX (1300 562 696)
Email: enquiries@loanworx.com.au
Our Office: Level 15/412 St Kilda Rd, Melbourne VIC 3004
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