BORROWING POWER CALCULATOR
INSTRUCTIONS
This calculator 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.
- Enter the relevant details for your income and expenditure
- Choose your loan details.
- Click once on the "Calculate" button to calculate your result.
|
