Work backwards — enter your desired repayment and find out what loan amount, rate, or term suits your budget.
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This calculator helps you plan your borrowing. By working out what repayment you can afford, you can determine the right loan amount and term.
Paying fortnightly instead of monthly means you make 26 half-payments per year — equivalent to 13 monthly payments. This extra payment each year reduces your loan term and total interest significantly.
Australian lenders assess your ability to service (repay) a loan using your income, expenses, and existing debts. Most lenders apply a buffer rate (typically 3% above the actual rate) when assessing serviceability, as required by APRA guidelines.
APRA guidelines suggest lenders monitor borrowers with a debt-to-income (DTI) ratio above 6. Keeping your total debt below 6x your gross annual income helps maintain borrowing capacity.