Bond Affordability Calculator
Get an indication of the home loan amount you may qualify for, based on your gross income, your monthly expenses and your existing debt repayments.
What affects how much you qualify for
Banks look at your gross monthly income, your existing debt repayments, your living expenses, your credit record and the size of your deposit. Reducing short-term debt and keeping your credit record clean before you apply generally improves the amount and the rate a bank is willing to offer.
This is an estimate, not an approval
The result is a guide to help you plan your property search. Each bank applies its own affordability and credit criteria, so the amount you are actually approved for may differ. The only way to know what a bank will offer is to submit an application.
Next: estimate your monthly repayment, plan your deposit savings, or start a home loan enquiry.