How much can I borrow?

To work out how much you can afford to borrow, use our Borrowing Power Calculator.


How much can you borrow?

Budgeting is an essential skill when you’re buying any kind of property. Working out your personal budget and sticking to it is the key to affording and maintaining a home loan. A good budget will factor in all of your regular and irregular expenses, including household essentials, debts, transport, insurance, medical costs and personal spending.

A Tassie mortgage consultant can give you essential tips on developing a budget that will help you get on track and get organised. You can also use our Budget Calculator to get a start on your personal budget.


How much deposit will I need?

The maximum loan available is 95% of the property’s value. This is called the loan to value ratio, (LVR). The LVR is not based on the purchase price of a property, but on the value set by an independent valuer engaged by the bank. Many banks currently have a maximum LVR of 90%, but you will need at least 5% of the property value as a deposit. You’ll also need to factor in additional costs associated with buying a home, when saving for your deposit.


What to take to the home loan interview

Your interview with Tassie will take around an hour. Having the right information with you will help make your home loan application process simple and quick. Download the Home Loan Application Requirements:
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How does a lender assess my home loan application?

A potential lender takes several things into consideration when assessing your home loan application:


Run the numbers

Find out how much you could borrow, estimate what your repayments might look like, or compare rates and loans using our broad range of calculators.
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Our e-guides take you through what you need to know when buying your first home or investment property.

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