One of the most common questions we hear is: “How much can I borrow?”
The answer depends on several key factors.
1️⃣ Your Income
Lenders assess:
- Salary (base + overtime/bonuses)
- Self-employed income (usually 2 years tax returns)
- Rental income
- Other income streams
2️⃣ Your Expenses
Banks now closely examine:
- Living expenses
- Credit card limits
- Personal loans
- Buy Now Pay Later accounts
Even unused credit limits can reduce borrowing power.
3️⃣ Your Deposit
Generally:
- 20% deposit = no LMI
- 5–10% deposit = LMI may apply
A larger deposit increases approval chances and reduces interest costs.
4️⃣ Credit History
Your credit score impacts:
- Approval probability
- Interest rate offered
- Loan terms
Example Scenario
If you earn $120,000 combined household income with minimal debt, you may borrow approximately 5–6 times your income — subject to lender policy and interest rate buffers.
Want a Personalised Assessment?
Online calculators provide estimates, but a detailed review provides accuracy.
👉 Contact Ether Funding for a borrowing capacity assessment.