How much can I borrow?

What you need to know about your borrowing power capacity

Borrowing power calculations are estimates provided as a guide only. They assume interest rates do not change throughout the loan and are calculated on the rate that applies for the initial period of the loan (e.g. for fixed-rate options, the repayments are for the initial fixed-rate period only). Interest rates referenced are current rates based on Principal and Interest repayments. Interest rates are subject to change at any time.

Calculations are not loan approval. Applications are subject to credit approval, satisfactory security, and minimum deposit requirements. Conditions apply to all loan options. Full terms and conditions will be set out in our loan offer if an offer is made.

For investment loans, negative gearing may be applied in determining your borrowing capacity. This is based on present taxation laws and may be subject to change. Availability will depend on your particular circumstances and the application of relevant taxation laws. You should seek independent, professional tax advice before making any decision based on this information.

**Comparison Rate
Comparison rate calculated on a secured loan of $150,000 over a 25-year term.

Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. During an interest-only period, your interest-only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

What other calculators are available for use?

To see the full range of home loan calculators Champion Broker has available for use, click here.

What’s next?

Request your free appointment with a champion mortgage broker – No charge, no-obligation, and at a time and place that suits you. You can also call us on 1800 290 669.