How much can I borrow?
Our calculators can help you work out how much you can afford to
borrow for all kinds of purchases.
CALCULATORS TO CRUNCH THE NUMBERS:
How much can I borrow for a
Buying a home is a major decision that takes
planning, research and careful budgeting.
Aim to save a deposit of 20% or more of the purchase price of a
home. Find out more about the loan to value ratio for home
Before you start looking for a property, you'll need to plan
ahead to ensure you can balance the mortgage repayments alongside
having money available for emergencies.
Work out how much you can afford to borrow on a home loan and
what your repayments will be.
If you already have a home loan, our mortgage switching
calculator can help you work out whether switching to another
mortgage will help you save money.
Work out whether you will save money by switching to another
These webpages also have useful tips on home loans and
How much can I borrow for a
Before you hit the car yards, do some research so you
don't get into financial difficulty.
The more money you can save towards your car, the less you will
need to borrow.
Use our savings goals calculator to
work out how much you can save.
Make sure you have the budget for a car you want and remember to
also factor in the yearly costs of registration, insurance,
maintenance and fuel.
Work out the real cost of buying and running a car.
MoneySmart Cars app
Here are some quick links to our webpages on buying a car and
getting a car loan:
How much can I borrow if I
want a payday loan?
If you need money in a hurry, you may want to take
out a payday loan (also called a small amount loan, cash loan or
Before you do, you need to understand the following:
- how much you will pay in fees
- how much the payday loan will cost you in total
- how much your fortnightly repayments will be.
Work out how much the loan will cost you and what your
repayments will be.
Payday loan calculator
We also have sensible tips on payday loans.
How much do I have?
Before rushing in and borrowing money, it's essential
to work out where you stand financially.
We have several calculators that help you compare the difference
between money coming in (salary, wages, benefits, etc) and money
going out (expenses, bills, etc). What remains will give you a
better idea of what repayments you can afford.
Work out if you can afford to take out a loan.
Another useful exercise is to list all of your assets and
liabilities to get an overview of your current financial position.
Knowing your overall financial situation can help to ease money
stress and make you feel more secure and in control.
Start now and review your overall financial position.
Net worth calculator
A loan of any size is a major financial
commitment. Use our tools to work out whether you can afford to
take out a loan and how much you can afford to borrow.
Last updated: 20 Jun 2017