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How much could I borrow?


Use our borrowing power calculator to get a quick estimate on how much you may be able to borrow based on your current income and existing financial commitments.

Your details

Your earnings

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Your expenses

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We estimate you could borrow:

$0

What's next?

In under 5 minutes, you can get your application started for pre-approvaldisclaimer, a new home loan, refinancing, or topping up your existing home loan.

Tell us a bit about yourself and the loan you'd like, then we'll call you back within 24-48 hours to help keep your application moving.

Get 300,000 Qantas Points when you apply or switch to an eligible ANZ home loan

Take off to Rome, Honolulu or more dreamy destinationsdisclaimerwith 300,000 Qantas Points when you apply or switch to a new eligible ANZ home loan of $300k or more and LVR 80% or less.disclaimer

The best bit? Come home to discounted home loan rates on eligible loans from ( comparison rate).disclaimer

See where 300,000 Qantas Points could take you

Your questions answered

Borrowing power or borrowing capacity refers to the estimated amount that you may be able to borrow for a home loan, calculated generally as your net income (income after tax) minus your expenses. Your expenses include all your daily living costs and regular financial commitments like bills, groceries and petrol, as well as any other debts you hold such as a credit card, car loan or personal loan.

Once you have a ballpark figure for your borrowing power you’ll be able to house hunt with a price range in mind. See our tips for what to consider when working out how much to borrow.

   

Generally speaking, your borrowing power is calculated as your net income minus your expenses. Your expenses can be impacted by things like the number of dependents in your family, any current home or personal loan repayments and other financial commitments such as private health insurance. The more accurate the details you enter into the calculator, the more realistic your estimated borrowing capacity is likely to be – so you may want to start by understanding your expenses.

The borrowing power calculator estimates how much you may be able to borrow based on the information you provide and the following assumptions:

  • Loan term of 30 years
  • Principal and interest repayments
  • ANZ Standard Variable rate for home loans or an ANZ Standard Variable rate for residential investment property loans, depending on the type of property you select. Rate includes a discount on the ANZ Standard Variable index rate. 

Note the borrowing power calculator is designed to give you an idea of how much you might be able to borrow, but it shouldn’t be taken as a guarantee that you’ll be able to borrow this amount. It doesn’t take into account your complete financial position or whether you meet home loan eligibility criteria. For a more detailed conversation and to discuss next steps, speak with one of our home loan specialists.

   

There are several factors that can impact how much you can borrow for your mortgage (apart from income and expenses) such as outstanding credit card or personal loan debts, credit limits on open credit card accounts, and your credit history. If you’re planning to apply for a home loan, chat with one of our home loan specialists for details on which aspects of your financial circumstances have the greatest potential to impact your borrowing power.

   

Having a reliable source of income is important when it comes to estimating your borrowing power, but it’s not quite as simple as the more you earn, the greater your borrowing capacity. When looking at what you can afford to borrow, in addition to your income, a lender will take into account your current expenses as well as your broader financial circumstances, behaviours and any ongoing financial commitments. These indicators are likely to have just as much of an impact on your borrowing power as your salary. See What influences my borrowing capacity?

   

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Get started in just 5 minutes. Apply for pre-approvaldisclaimer, a new home loan or to refinance or top up your existing ANZ home loan.

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You can also chat to an ANZ accredited broker for help with your home buying, investing or refinancing needs.

   

The information on this page does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and read the relevant terms and conditionsProduct Disclosure Statement and the ANZ Financial Services Guide (PDF 150kB) before acquiring any product. 

Applications for credit are subject to ANZ credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527.

This estimate is based on the accuracy of the limited information provided. It is also based on a loan term of 30 years, payment type principal and interest and either an ANZ Standard Variable rate for home loans or an ANZ Standard Variable rate for residential investment property loans depending on the type of property you have selected. Rate includes a discount on the ANZ Standard Variable index rate. The estimate might be different if payment type is interest only or if a different interest rate discount applies. It does not constitute an offer of credit. To apply for an ANZ Home Loan you must complete an application. All applications for credit are subject to ANZ credit approval criteria. ANZ does not store the information you provided to generate this document.

The calculation of estimated maximum home loan borrowing power excludes Lenders Mortgage Insurance. The value of the security property is also considered in any credit assessment criteria.

Minimum loan amounts apply to different loan types. For more information, visit anz.com or contact us.

ANZ may provide pre-approval (also known as approval in principle or conditional approval) to eligible customers who apply for an ANZ home loan and complete an application form and satisfy any other applicable requirements. Pre-approval is an approval for a loan subject to conditions being met, including that security is satisfactory to ANZ. Australian Credit Licence Number 234527.

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Examples are a guide only and subject to change. Equivalent value based on a sample of the Qantas Frequent Flyer Rewards that could be obtained by redeeming through the Qantas Frequent Flyer program and will vary depending on how and when points are redeemed. Classic Flight Rewards are available on Qantas, Jetstar and partner airlines. Classic Flight Reward seats are subject to capacity controls, availability is limited and some flights may not have any Classic Flight Rewards available. The Qantas Points, taxes, fees and carrier charges stated are accurate as at 5 May 2022 but may vary at the time of booking. Status Credits and Qantas Points will not be earned on Classic Flight Rewards. Visit Classic Flight Rewards for more information.

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Eligibility criteria, terms and conditions, fees and charges apply. This offer is only available if you apply between 10 June 2022 and 19 August 2022 and if approved, settle by 31 January 2023. Only one 300,000 Qantas Points offer can be claimed by any one person. Only the first person to successfully claim on joint loans will be awarded Qantas Points. Qantas Points credited within 60 days after valid claim form redeemed with ANZ following loan settlement. See full Terms & Conditions (PDF 124kB).

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The rate shown is the Simplicity PLUS Home Loan index less the applicable special offer discount for loans with a Loan to Value Ratio of 70% or less. Rates are subject to change. Eligibility criteria apply to special offer discounts, including $50,000 or more in new or additional ANZ lending. Offers can be withdrawn or changed anytime.

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ANZ Mobile Lenders operate as an independently operated ANZ Mortgage Solutions franchise of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Australian Credit Licence Number 234527.

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