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How much can I borrow? What lenders actually look at

Understand the factors that drive your borrowing power — income, expenses, debts and buffers — and how to improve it.

20 May 2026

"How much can I borrow?" is usually the first question we hear. The honest answer is: it depends — but on a fairly predictable set of factors.

What lenders assess

  • Income — your salary, and how stable and provable it is. Self-employed income is assessed differently.
  • Expenses — your living costs. Lenders use your declared expenses and benchmarks.
  • Existing debts — credit cards, car loans, HECS/HELP and other commitments reduce your capacity.
  • Deposit and LVR — a larger deposit can open up more (and cheaper) options.
  • Assessment rate — lenders test your loan at a higher "buffer" rate to make sure you could cope if rates rose.

Get an estimate

Our borrowing power calculator gives an indicative figure based on your income and expenses. It's a guide only — your real capacity depends on the lender and the full picture.

How to improve your borrowing power

  • Reduce or close unused credit card limits
  • Pay down or consolidate other debts
  • Keep your spending tidy in the months before you apply
  • Consider a slightly longer loan term (lower repayments, more interest overall)

Why it pays to use a broker

Different lenders calculate borrowing power differently — the same applicant can be offered very different amounts. We know which lenders suit which situations, so you're not relying on a single bank's formula.

Get your real borrowing power with a quick, no-obligation chat.

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