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Borrowing Power Calculator

Looking for how much you can borrow? This borrowing power calculator gives you an estimate of how much you may be able to borrow and what the mortgage repayments could be.

Looking for how much you can borrow? This borrowing power calculator gives you an estimate of how much you may be able to borrow and what the mortgage repayments could be.

Frequently Asked Questions

What factors affect my borrowing power?

When assessing your financial situation, lenders will look at a number of factors to determine how much you can borrow. These factors vary from lender to lender, but most of them look at your income, debts, living expenses and credit history.

Because of this, it’s important you try to reduce your debt as best as possible before applying for a loan, and don’t take on any additional debt.

For more information, head to our blog to see how a lender will assess your application

Does a bigger deposit mean I can borrow more?

Having a large deposit is looked positively upon by lenders. However, having a large deposit doesn’t automatically mean you can borrow more.

Your deposit is only one aspect of what lenders look at when assessing your loan application.

A larger deposit does give lenders confidence that you can save your money and budget for your repayments, but it isn’t the only thing that’s considered.

What can I do to improve my borrowing capacity?

We’d all love to be able to borrow an unlimited amount of money, but unfortunately, this isn’t the case. Luckily, there are a few easy things you can do to increase your borrowing capacity.

First, look at canceling subscriptions and services you don’t use or need. How many of us still have an active gym membership and aren’t using it?!

Cut down on other areas too such as food delivery services. Even if you don’t cut them out completely, look to reduce costs such as opting to pick up your meal and save on delivery fees rather than getting it delivered.

The second way to increase your borrowing capacity is to pay off any debt you have. This includes credit card debt and personal loans.

Once you’ve done this, look at some ways you can increase your savings, such as picking up extra shifts or asking for a pay rise.

Chat to the friendly team at Inovayt to see how you can increase your borrowing power.

Work with an Inovayt broker

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

mortgage broker eltham

Simon Kay

Senior Finance Broker & Broker Mentor

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

mortgage broker baringa waters

Aaron Jones

Senior Finance Broker & Partnerships Manager

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

mortgage broker baringa waters

Aaron Jones

Senior Finance Broker & Partnerships Manager

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

Our team of expert brokers are with you through every step of the way on your home buying journey. Not only do we help you find the right loan, we also stay with you right up until after settlement, helping you navigate stamp duty and other home buying fees. 

At Inovayt, our mission is to provide lifetime financial solutions by thoroughly understanding your individual needs and goals. As such, we believe every client deserves our award-winning customer service. Our friendly team prioritises client satisfaction above all else, going above and beyond to help you achieve your financial goals. Regardless of what stage of the finance journey you’re on, our team provide quality advice to help you make informed and empowered financial decisions.

Our customer service extends far beyond your initial meeting, as we believe in nurturing you beyond the first transaction. Our brokers work hand in hand with you to ensure you receive the best possible outcome and are available to chat face to face, online, or via the phone at a time that suits you.

Our focus is always on achieving the best possible outcomes for our clients. Finding the right finance to match your goals and objectives is no easy task, so our friendly team work tirelessly to tailor a solution for you. We are solutions-driven, so we work hard to tackle any hurdles that may arise to ensure client satisfaction.

Why Choose Inovayt

Simple

Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.

Flexible

Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.

Solutions-driven

Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.

Simple

Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.

Flexible

Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.

Solutions-driven

Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.

Our experienced and friendly team can provide you with lifetime financial solutions by understanding your individual needs and goals.

Get in touch
1300 354 355

Send us an email info@inovayt.com.au

Start your journey, contact Inovayt today

Get in touch
1300 354 355


Send us an email
info@inovayt.com.au

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today

Start your journey, contact Inovayt today