Estimated repayment
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This calculator gives a general estimate only. It does not take your personal circumstances, lender fees, or changes in interest rates into account, and it is not a quote or an offer of credit. Speak with a MAXLEND broker before making any financial decision.
Understanding your borrowing power
Enter your income, your regular living expenses and any existing loan or credit card commitments. The calculator gives a general indication of the amount a lender might consider, using a standard set of assumptions.
Why lenders give different answers
Every lender has its own way of assessing an application. They treat overtime, bonuses, rental and self-employed income differently, use their own living expense benchmarks and test whether you could still afford the repayments at a higher interest rate. Credit card limits count even when the balance is nil. The same borrower can therefore be offered quite different amounts by different lenders.
An estimate, not an approval
The figure shown is indicative only. It is not a formal assessment, a pre-approval or an offer of credit, and what you can borrow is not always what you would be comfortable repaying. For a clearer picture, complete our borrowing capacity check and a broker will look at your circumstances with you.
Want figures based on your situation?
A broker can give you a clearer picture than any calculator.