Borrowing power Calculator

INSTRUCTIONS

This calculator is only a guide. It is designed to help you work out your borrowing power based on your current financial position. The calculation uses your Debt Servicing Ratio which is found by dividing your total monthly repayments by your total monthly income. Most lending institutions will lend to a maximum ratio of 32%, with a 2% loading on loan rates, however you should check with your own institution for specific requirements.

Enter the relevant details for your income and expenditure

Choose your loan details.

Click once on the "Calculate" button to calculate your result.

Income

Total Monthly Salary and Wages:	$
Other Monthly Income:	$

Expenditure

Monthly Loan Repayments	$
Monthly Credit Card Repayments	$
Other Monthly Repayments	$

Loan Details

Term of Loan	years
Annual Interest Rate	%

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	borrowing	borrowing power
	borrowing money	banking
	401k	life insurance
	smart

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