Borrowing Power Calculator

The borrowing power calculator considers factors such as your income, existing debts, living expenses, and loan details. By analysing these elements, it provides an estimate of how much you may be able to borrow from a lender.

To improve your borrowing power, you can focus on increasing your income, reducing your existing debts, and maintaining a good credit score. Additionally, managing your living expenses effectively can positively impact the amount you may be eligible to borrow.

Yes, the borrowing power calculator is an excellent tool for first-time home buyers. It helps you understand how much you might be able to borrow, allowing you to set realistic expectations and plan your property search accordingly.

The results from the borrowing power calculator provide a reliable estimate based on the information you input. However, these results do not account for lender-specific criteria or changes in financial circumstances. For a precise borrowing amount, consulting with a financial advisor is recommended.

Yes, the borrowing power calculator can be used to assess borrowing capacity for various loan types, including home loans, personal loans, and investment loans. This versatility helps you understand your borrowing potential across different financial products.