How much can I borrow?
Type the repayment you can manage, and see the loan it would pay off. Works for a home or anything else.
Why might a bank lend me less than this?
Because a bank checks you could keep paying if rates rose. At a 7.00% test rate, the same $600 a week pays off $391,057, which is $94,162 less.
Banks also count your living costs and every other debt. Most of their home lending has to stay within 6 times your income before tax.
A licensed broker can tell you what each bank would lend you before you fill in an application.
| Rate | $600 a week pays off |
|---|---|
| 4.99% | $485,219 |
| 7.00%, an example test rate | $391,057 |
$600 a week over 30 years. 7.00% is an example, not a bank's published test rate; banks don't publish theirs. Rates checked 21 Oct 2026.
Questions about borrowing
How much can I borrow if I earn $100,000?
Most bank lending stays within 6 times income before tax, so up to $600,000 of total debt on that rule alone, home loan included. The bank then checks a higher test rate and your living costs, which usually brings it down.
How much can I borrow on a personal loan?
Westpac lends up to $50,000 unsecured and Harmoney $2,000 to $100,000 (checked 21 Oct 2026). $100 a week over 5 years at 13.90% pays off about $18,722.
Does the result include my deposit?
No, it's the loan only. Add your deposit to see the price you could look at.
What would a lender actually lend me?
Two short steps, then a licensed broker works out what lenders would offer you. No application, and nothing on your credit file.
This is not a loan application.