Discover Your Borrowing Power Today
Use our borrowing calculator to estimate your potential loan amount based on your income, expenses, and financial situation.
This tool is designed to give you a clear starting point, but for personalized advice and accurate
assessments, consult with our expert financial advisers.
The Top Broker Borrowing Calculator is provided solely for estimation purposes and does not constitute financial advice. The results are based on the information you provide and should not replace professional financial guidance. We strongly recommend consulting with one of our qualified financial advisers, who can evaluate your unique circumstances and offer tailored advice.
This tool assumes minimum household expenses as per individual bank policies. It does not account for additional household outgoings such as personal insurance, debt repayments, student loans, KiwiSaver contributions exceeding 3%, credit card balances, or other consumer debts.
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Speak to a Financial Adviser Today
Our qualified advisers are here to provide a detailed analysis of your borrowing capacity, ensuring you’re fully informed and confident in your next steps. Don’t leave your financial future to chance—let us help you make smarter decisions.
Your Borrowing Questions, Answered
Discovering how much you can borrow is the first step toward achieving your property goals. Our easy-to-use borrowing calculator provides an instant estimate based on your financial details, giving you a clear idea of your buying power. For a personalized assessment and expert advice, our team of top financial advisers is here to guide you every step of the way.
Is this calculator for single or joint applications?
The calculator works for both. If you’re applying jointly, enter the combined income and shared expenses for a more accurate estimate.
What’s included in the calculation?
The calculator considers your gross income, dependents, rental or boarder income, and minimum household expenses based on bank policies. However, it excludes personal insurance, repayments, student loans, KiwiSaver contributions above 3%, and other consumer debt.
How does the number of dependents affect my borrowing capacity?
The more dependents you have, the higher your estimated household expenses. This reduces your borrowing capacity, as lenders factor in these obligations.
What should I do if I have existing debt?
Include any significant debts like credit cards or personal loans in your financial planning. While the calculator doesn’t account for these, they will impact your borrowing capacity during the lender’s assessment.
Can I include rental or boarder income in my estimate?
Yes, you can include additional income from rental properties or boarders. Be sure to provide accurate figures, as lenders may only consider a portion of this income.
Why are my KiwiSaver contributions excluded?
Contributions above the standard 3% aren’t included in the estimate. However, they can impact your overall expenses and repayment capacity, so they’ll be considered in a detailed assessment by a financial adviser.
Does this calculator guarantee a loan amount?
No, the calculator provides an estimate. Final loan approval depends on the lender’s assessment of your financial situation, including your credit history and specific circumstances.
Can I still borrow if I have a low deposit?
Yes, some lenders offer options for borrowers with less than a 20% deposit, particularly for first-home buyers. Consult an adviser to explore your options.
How can a financial adviser help after using this tool?
Advisers provide tailored advice, compare lender options, and guide you through the approval process. They’ll ensure you get the best loan product for your unique situation.
Will using this calculator affect my credit score?
No, the calculator is purely for estimation purposes and does not involve any credit checks.
How often should I reassess my borrowing capacity?
It’s a good idea to reassess when your financial circumstances change, such as a new job, pay raise, or change in household expenses.
What if I need more borrowing power?
There are ways to increase your borrowing capacity, such as reducing debt, improving your credit score, or increasing your deposit. An adviser can help identify strategies tailored to your goals.
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