Disclaimer
Important Notice
The information and tools provided on BorrowingCalculator.com.au are for general informational and educational purposes only. They do not constitute financial advice, credit advice, or a recommendation to enter into any financial product.
Not Financial Advice
BorrowingCalculator.com.au is operated by Northmark Finance. The borrowing power calculator and all content on this website are provided for informational purposes only and should not be considered as personal financial advice.
The calculator uses simplified assumptions and approximate figures. It does not take into account your complete financial situation, objectives, or needs. The results should be used as a general guide only.
No Guarantee of Loan Approval
An estimate from our calculator does not guarantee that any lender will approve a loan for the indicated amount. Actual borrowing capacity is determined by individual lenders based on their own credit assessment policies, which include factors not captured by this calculator such as:
- Credit history and credit score
- Employment history and stability
- Property valuation
- Lender-specific policies and risk appetite
- Regulatory requirements
- Detailed verification of income and expenses
No Credit Check
This calculator does not perform a credit check and has no impact on your credit score. The estimate is based solely on the information you provide.
Approximate Calculations
The calculations used in this tool involve approximations including:
- Tax calculations based on approximate ATO resident individual brackets
- Living expense estimates based on simplified household size benchmarks
- Credit card commitments assessed at 3% of limits (industry approximation)
- HECS/HELP repayments estimated at a flat percentage of income
- Rental income shaded to 80%
- Policy factors that approximate different lender approaches
These approximations may not reflect the exact methodology used by any specific lender.
Rates and Figures
Interest rates, tax brackets, and other figures used in this calculator may not be current. While we endeavour to keep information up to date, we make no guarantee of accuracy. Always verify current rates and figures with the relevant institution or authority.
Seek Professional Advice
Before making any financial decisions, including applying for a home loan, we strongly recommend that you seek advice from a qualified mortgage broker, financial adviser, or other appropriate professional who can consider your individual circumstances.
Northmark Finance provides mortgage broking services and can assist you with personalised advice. Book a free consultation to discuss your situation.
Limitation of Liability
To the maximum extent permitted by Australian law, Northmark Finance and its directors, employees, and agents disclaim all liability for any loss, damage, cost, or expense (whether direct, indirect, or consequential) arising from or connected to your use of this website and its tools, or any reliance on the information provided.