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BORROWING POWER CALCULATOR

INSTRUCTIONS

This calculator is only a guide.  It is designed to help you work out your borrowing power based on your current financial position.  The calculation uses your Debt Servicing Ratio which is found by dividing your total monthly repayments by your total monthly income.  Most lending institutions will lend to a maximum ratio of 32%, with a 2% loading on loan rates, however you should check with your own institution for specific requirements.

  1. Enter the relevant details for your income and expenditure

  2. Choose your loan details.

  3. Click once on the "Calculate" button to calculate your result.

INCOME
   
Total Monthly Salary and Wages: $
Other Monthly Income: $
   
EXPENDITURE
   
Monthly Loan Repayments $
Monthly Credit Card Repayments $
Other Monthly Repayments $
   
LOAN DETAILS
   
Term of Loan   years
Annual Interest Rate   %


   
 

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Last modified: Saturday, October 21, 2017.