Know your budget before you choose a property
Enter your income, expenses and current commitments for an indicative borrowing figure, and the repayment that comes with it.
Talk to us about your borrowing powerHow it works
Enter your income, your regular expenses and your current commitments, such as other loans and credit card limits. The calculator runs a simple serviceability estimate and returns an indicative amount you might be able to borrow, with the repayment attached to it. Adjust the figures to see how each one moves the result.
Knowing what you can borrow shows you which Equitifund properties are within reach. This snapshot uses your income, everyday expenses and existing debts to estimate what you might borrow, along with the repayment that comes with it. It is a planning tool to help you see your options, not a lending decision, and a full assessment can come back higher or lower.
Understanding your results
You will see an indicative borrowing amount and the repayment attached to it, based on the figures you enter. Read it as a starting range, not a ceiling or an approval. A lender weighs your full circumstances, applies its own criteria and tests your repayments at a rate above the current one, so your real figure can land either side of this. Use it to set a realistic budget, then confirm it with a proper assessment.
Frequently asked questions
Is this the same as a pre-approval?
Why do lenders test a higher rate?
Do credit cards really matter if I pay them off?
How can I improve my borrowing power?
Why might a lender offer more or less than this?
Ready to take the next step?
Talk to us about your borrowing powerDisclaimer. This calculator and page are general information only and do not constitute credit or financial advice. The result is a ballpark estimate based on the figures you enter and a simple assumption; it is not an offer of finance, a pre-approval, or a guarantee that you can borrow any amount. Any actual borrowing capacity is determined by a lender’s assessment of your full circumstances. Consider your own situation, and seek professional advice before acting. Credit services are provided by EquitiCredit Pty Ltd (ACL 559289).