How Much Can I Borrow?
To assist you with determining how much you can borrow simply enter your details into the borrowing power calculator.
This calculator gives you the ability to adjust expenses including credit card limits and monthly car loan repayments so you can get a personal result based upon your financial situation.
In the loan details section, move the slider along or enter the appropriate values into the fields to give you a variety of different scenarios based upon varying interest rates and loan terms.
Your chart shows the principle (amount you originally borrowed) and the interest which is calculated on the loan balance.
As well as providing a guide to your borrowing capacity, the calculator will also show the monthly repayments applicable to the loan amount, interest rate and loan term.
For a personalised assessment by a qualified loan consultant contact iMortgage today on 1800 111 001.