How much can I borrow?

Work out how much you may be able to borrow based on your income and expenses. 

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.


The calculator only provides an approximate guide as to your maximum borrowing power and should not be used as an indication on how much you will be able to borrow from a specific lender: Other factors may also be relevant such as geographic location, type of property or internal risk settings by the relevant lender. When considering your maximum borrowing amount, you should also plan ahead for any future interest rate rises. This calculator is not intended to be your sole source of information when making a financial decision. You may wish to consider getting advice from a licensed finance professional. The calculator assumes that interest rates do not change throughout the loan.

Fees and charges are payable. The calculations do not take into account fees, charges or other amounts that may be charged to your loan (such as establishment or monthly service fees or stamp duty). If you are borrowing more than 80% of the value of the property, Lenders Mortgage Insurance may apply. Any of these additional amounts will increase repayments under the loan and will affect your borrowing power.

Calculations are not a loan approval. Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Conditions apply to all loan options.

For investment loans, your borrowing capacity may also be influenced by other factors, such as the effect of negative gearing and the taxation laws in effect at the time of your application. Taxation considerations are complex and invariably linked to your personal circumstances. You should consult with your tax advisor before making any decisions.

FAQs - How much can I borrow?

  • What does the calculator show me?

    This calculator estimates the amount of money that could be borrowed from a lender to purchase a property. The figures provided by the calculator are estimates only, based on your inputs and a range of assumptions (see the Assumptions link within the calculator for more information). 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 determine what the maximum amount is they can borrow. It will be most applicable to those in the early stages of refinancing or getting a new home loan.

  • Get started today

    Virgin Money Home Loans - Download our Product Essentials Guide

    Product Essentials Guide

    Download our little features and benefits guide and have it handy when you meet with a broker to discuss your home loan needs

    Download Reward Me Home Loan (Variable) Product Essentials

    Download Reward Me Home Loan (Fixed) Product Essentials

    Virgin Money Home Loans - Get ready to apply

    Get ready to apply

    Download our checklist to ensure that you have everything ready to make applying for a home loan as easy and quick as possible

    Download Virgin Money Home Loan Checklist 

    Virgin Money Home Loans - Apply with a mortgage broker

    How to apply

    Click here to find a broker near you and request an appointment

    Talk to us

    Learn more about home loans

Talk to us

Ready to apply?

Call us

Call us on 13 81 51 for more information on our Reward Me Home Loan 
7 days from 7am-11pm (AEST) excluding public holidays