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Thinking of buying your first home, upgrading your current place, or investing in property? Before you start house hunting, it’s important to know how much you could borrow — and that’s where our Borrowing Power Calculator comes in.
At Triple O Finance, we help professionals like you estimate your potential home loan amount based on your income, expenses, and lifestyle. This free tool gives you a fast and simple way to understand how much a bank or lender may be willing to offer — so you can plan your next move with confidence.
At Triple O Finance, our Borrowing Power Calculator helps you get a quick estimate of how much you may be able to borrow for your next home or investment property. This tool uses the same principles most banks and lenders apply when assessing your ability to repay a loan.
To get the most accurate estimate, make sure you’ve got these details ready:
Enter your regular income streams — this could include:
Gross salary (monthly or annual)
Second job or side income
Rental income or dividends (if applicable)
Your partner’s income (if applying jointly)
The more income you can prove, the higher your borrowing power may be.
Lenders want to see how much of your income is already committed to:
Rent or living costs
Credit card limits (not just balances)
Personal or car loan repayments
Buy Now Pay Later accounts like Afterpay or Zip
If you’re unsure about exact figures, you can start with a conservative estimate.
You’ll also be asked to enter:
The interest rate you’re aiming for
Your ideal loan term (e.g. 30 years)
These factors influence your estimated repayments and overall borrowing limit.
Borrowing power (or borrowing capacity) is the amount a lender may allow you to borrow based on your income, expenses, liabilities, and credit history.
It helps you answer one of the most important questions before applying for a home loan:
“How much can I realistically borrow and repay?”
There are several factors that influence how much you can borrow:
Income – The more income you earn and can verify, the more you can typically borrow. This includes your salary, rental income, side income, or partner’s income if applying jointly.
Existing debts – Personal loans, car loans, and other liabilities reduce your borrowing power because lenders factor them into your monthly commitments.
Credit card limits – Even if you don’t owe anything, lenders will assess your full credit card limit as a potential liability.
Living expenses – If your monthly expenses are high, it reduces your surplus income, and therefore, your ability to service a larger loan.
Loan term and interest rate – A longer loan term generally reduces your repayments and increases your borrowing capacity. Similarly, lower interest rates result in lower monthly repayments, allowing you to borrow more.
Want to increase your home loan options? Here’s how you can strengthen your position:
1. Pay Off Existing Debts
Reduce or eliminate car loans, personal loans, or credit card balances. Even a small credit card limit can reduce your borrowing power significantly.
2. Save a Larger Deposit
A bigger deposit lowers your LVR (Loan-to-Value Ratio), which may give you access to better rates and increase your chances of approval.
3. Lower Your Credit Card Limits
Lenders assess the full credit card limit, not just what you owe. Cancelling unused cards or lowering limits can work in your favour.
4. Reduce Discretionary Spending
Lowering your expenses over the next few months can not only boost your borrowing capacity but also demonstrate responsible financial behaviour.
5. Increase Your Income
Whether it’s through a pay rise, side hustle, or second job, additional income can directly lift your borrowing power.
6. Get Expert Guidance
At Triple O Finance, we don’t just estimate — we personalise. Our team will compare hundreds of lender policies and tailor options based on your profession, financial goals, and borrowing power.
Once you’ve estimated your borrowing power, let’s work together to turn it into a real approval.
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