Borrowing Power Calculator

What is Borrowing Power?

Borrowing power is the amount a lender is likely to let you borrow based on your income, debts, living expenses, and other financial commitments. It plays a key role in determining the kind of property you can afford to buy, and how much deposit you’ll need.

What Affects Your Borrowing Power?

Lenders look at several factors when assessing your ability to repay a home loan, including:

• Your income – from salary, bonuses, rental income, or self-employment
• Existing debts – such as credit cards, car loans, or personal loans
• Living expenses – based on your lifestyle, dependents, and location
• Credit score – a strong credit history improves your chances
• Loan type and interest rate – interest-only vs principal & interest
• Loan term – a longer term can reduce monthly repayments

Why Use a Borrowing Power Calculator?

This tool gives you a quick estimate to help you:

• Set realistic property goals
• Understand your borrowing capacity before speaking with a lender
• Plan your deposit and budget effectively
• Explore different scenarios based on income or repayment type

Need a More Accurate Assessment?

Online calculators are a great starting point, but they don’t factor in all lender policies or your full financial profile. At Shore Financial, we work with over 70 lenders and can offer a tailored assessment of your borrowing power—often unlocking more options than you’d find on your own.

Contact our team today for a personalised assessment and expert guidance.