How much can I borrow?

Not all lenders will lend you the same amount. We can review your situation and tell you exactly how much you can borrow.

Discuss your borrowing capacity with an expert


One of the most frequently asked questions in home finance is – how much can I borrow? Your borrowing power is a critical number to know because it tells you exactly how much you can spend on a property.

It’s important to shop around – banks and lenders all use different criteria to calculate how much they will lend you. Your borrowing capacity between two banks could be thousands of dollars – the difference between purchasing your dream house or settling for your second favourite.

A Loan Market mortgage broker knows what each lender is looking for and who’ll lend you more. We talk to over 30 lenders daily and will ask you the right questions to make sure we maximise your borrowing capacity and present the right loan options for you.

What determines the amount I can borrow?

  • When you apply for your loan, lenders take a few things into account, like:
  • Your income
  • Any dependents
  • Credit card debts or personal loans
  • Your expenses
  • Personal debts

It’s important to shop around – lenders assess each criteria differently. A Loan Market mortgage broker knows what each lender is looking for and will use the strengths of your application to maximise your borrowing capacity.

You can also check how much you can borrow by using our borrowing power calculator, however, this will only give you an indicative figure.

Tips to maximise your borrowing power:

  • Pay off and close any credit card or overdraft facilities
  • Do the sums and stick to a budget to improve your deposit and savings history
  • Pay off outstanding term debts (e.g. personal loans)

Discuss your borrowing capacity with an expert


Discuss your borrowing capacity with an expert