How much can I borrow for a home loan?

The amount you can borrow for a loan depends on multiple factors., The matrix for borrowing capacity varies from bank to bank – so if you want to buy that dream at the top end of your budget, speak to one of our brokers who can recommend where to get the best deal for your needs.

Two key areas assessed are:

  • Income: To lenders, this is a primary aspect of your situation when deciding on how much you can borrow. You must be able to cover repayments – accounting for potential interest rate changes – while meeting your living costs.
  • Financial commitments: Loan providers will take your current debts and monetary engagements into account in order to make an informed decision about your loan.  

Our mortgage brokers understand the loan approval process and work closely with you to assess your situation, finding ways to ensure you can achieve your goals. We will help determine all of the features that make up your best loan option, including the amount.

Use our calculator for a quick idea of what you may be able to borrow – and for an in-depth approach that includes variations between banks, contact our brokers today.