Get an initial indication of how much you may be able to borrow based on your income, expenses and existing commitments. Use the result as a starting point for planning your property search. It is not pre-approval or a guarantee that a lender will offer that amount.
A borrowing estimate can help you start planning, but your purchase budget also depends on your deposit and upfront costs. FI Collective helps you review your circumstances, explore suitable lending options and understand the steps towards pre-approval, so you can approach your property search with greater clarity.
No. Borrowing capacity estimates the loan amount you may be able to access. Your property budget also needs to account for your available deposit and buying costs, such as transfer duty, settlement fees and inspections.
Treat it as an initial guide. Consider what repayments would comfortably fit your household budget, including room for unexpected expenses and changes in circumstances. A lender will also need to assess your application before confirming any loan amount.
Not sure where to start? Tell us what you’re planning, and our team will help you understand your finance options and what comes next.
