This calculator gives you an indication of the home loan amount you are likely to qualify for if all other qualifying criteria are met. In considering whether to grant a bond application, the banks use guidelines called debt-to-income ratios. The most important other requirement is your credit history. Basically, to work out the extent of the bond you are likely to qualify for, you will need to ensure that you are able to cover your monthly bond repayments with up to a maximum of 30% of your monthly income and you should be creditworthy.
This calculator gives you an indication of the home loan amount you are likely to qualify for if all other qualifying criteria are met. In considering whether to grant a bond application, the banks use guidelines called debt-to-income ratios. The most important other requirement is your credit history. Basically, to work out the extent of the bond you are likely to qualify for, you will need to ensure that you are able to cover your monthly bond repayments with up to a maximum of 30% of your monthly income and you should be creditworthy.