Borrowing Power

Wondering how much you could borrow based on your income and expenses?

Use our handy borrowing power calculator to get an estimate of how much you might be able to borrow.

The amount you may be able to borrow is determined by your financial situation. This is largely made up of your income, your financial commitments, current savings and your credit history.

You'll also need to consider your spending habits and any existing commitments such as personal or car loans, credit card debt, even travel expenses.

Important information

The results from this calculator should be used as an indication only. Results do not represent quotes, pre-qualifications for any product or an offer to provide credit. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

The Borrowing Power Calculator calculates an indicative maximum loan amount available based on the income and expenses entered. Default values provided assist in giving an estimate of the expenses and other factors which may determine the amount available for a loan.

This Borrowing Power Calculator takes into account the cost of living. The calculator uses the higher of the default estimated monthly living expenses or the living expenses you have entered.

Interest rates are current as at  09 April 2025 and are subject to change. Interest rates and repayments quoted are based on the principal and interest rate. The variable interest rate may include a discount or margin that is applied to the product’s variable reference rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time.

Home Loan comparison rates are based on a loan of $150,000 for a term of 25 years, repaid monthly. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

Terms, conditions, fees and charges apply. Applications are subject to credit approval.

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What does the calculator show me?

This calculator estimates the amount of money that could be borrowed from a lender to purchase or refinance a property. The figures provided by the calculator are estimates only, based on your inputs and a range of assumptions. The actual amount available for borrowing will be determined by the lender.

Who should use this calculator?

This calculator is a useful tool for anyone who needs to gain an understanding of how much they could afford to borrow. It could also be applicable to those who look to refinance or obtain a new home loan.

What is Virgin Money Rewards?

Virgin Money Rewards is our loyalty program designed with you in mind. Our goal is to recognise and reward you for who you are, and to help you create better money habits. It’s about giving you a rewarding banking experience every day, not just someday.