Borrowing power calculator

Want to know how much you can borrow?

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Our borrowing power calculator helps you estimate how much you could borrow based on your income, expenses and financial commitments. It’s a simple way to get a clearer picture of your budget before you start looking at properties. Lenders assess borrowing power differently, considering factors such as your salary, savings, debts and lifestyle costs. This calculator gives you an indication of what you may be able to borrow, helping you plan ahead with confidence.

At Square One Finance, we can take your results a step further by reviewing your full financial position and comparing options from over 50 lenders. We’ll help you understand what’s achievable, how to strengthen your application, and what loan structure best fits your goals. Whether you’re a first home buyer, upgrader or investor in Melbourne, we make the process simple, transparent and tailored to you.

Next steps

This calculator is designed to give you a super quick idea of a conservative borrowing capacity. The best way to get a true idea is to talk to a broker. We will help get a true guide, organise pre-approval and find a great rate loan to match.
Anthony Edwards - Director & Lending Specialist at Square One Finance
Anthony Edwards
Director & Lending Specialist

Calculator FAQs

  • Income and Expenses: The calculator assumes the income entered is accurate and does not factor in living expenses or existing debts, which lenders will assess separately.

  • Interest Rate and Loan Term: A default interest rate of 5.5% and a 30-year loan term are used unless adjusted. Changes to these inputs will affect the results.

  • Repayment Capacity: The calculation assumes up to 30% of your gross monthly income is allocated to loan repayments.

  • Indicative Only: Results are estimates and may vary based on individual lender policies and criteria.

  • Purpose: This tool provides general guidance only and is not a substitute for personalized financial advice or a lender’s assessment.

Calculate my borrowing power

Borrowing power refers to the amount a lender may allow you to borrow based on your income, expenses, debts, and financial situation. It’s an estimate and can vary between lenders.

No, the borrowing calculator provides an estimate only. This estimate would include any existing loans you have. The final amount will depend on a lender's assessment of your full financial situation, including their specific lending criteria.

Approval times can vary between lenders. Generally, pre-approval can take a few days, while full approval may take one to two weeks once all documents are provided. We handle the process and keep you updated every step of the way.

Call us, were here to help

Our expert insights will help guide you through the process and get you to your goal sooner.

Book an appointment

Experience the difference, we take out the leg work and we will fit into your schedule.

Start your application

We get it, you’re in the moment. Apply online and we will send you the top 3 rates for your loan.
square one finance

Lending solutions for you.

468 St Kilda Rd
Melbourne
VIC
3004
0474 111 002
SQUARE ONE FINANCIAL SOLUTIONS PTY LTD ATF Square One Business Trust (ABN 23385432839) with Credit Representative Number 524809 is a Credit Representative of Australian Credit Licence 384704.
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.

Don't Be Shy, Say Hello.

  • You'll be contacted within 24 hours
  • You'll receive our Credit Guide & Welcome Pack
  • You choose a time and your broker will be ready for a quick chat
Want to talk now? Call 0474 111 002

Loan type: Residential property

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