How Much Can I Borrow Calculator | Home Loans | Suncorp Bank

Borrowing Power Calculator

Here’s a great starting point to help you determine how much you could borrow when applying for a Suncorp Bank home loan. Your borrowing capacity relates to your current financial situation, including your income, financial commitments and regular expenses.

This calculator will give you an estimate in approximately 2 minutes to help your home-buying journey.

How much can I borrow?

The effective date of any interest rates is 24 April 2024 unless shown otherwise within interest rate terms and conditions.

Home Loan Calculators and Tools

Repayment calculator

Stamp duty calculator

All calculators

Refinance
 

Compare home loans

Home loan offers & special rates

Home Loan Process

Complete your calculations

You can apply online by filling out an application – this will take you about 20 minutes

If conditionally approved, start the search for your dream home

You’re ready to buy

Finalise formal approval and move into your new home

Home Loan Process


Complete your calculations

You can apply online by filling out an application – this will take you about 20 minutes

If conditionally approved, start the search for your dream home

You’re ready to buy

Finalise formal approval and move into your new home

Have a small or big question?

Are you looking for more information on borrowing limits or home loans?

For immediate assistance, call 1300 713 369 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)

Frequently asked questions

What is borrowing capacity

Your borrowing capacity or borrowing power is an estimate of the amount you could borrow based on your current financial situation. Understanding your borrowing capacity is often the first step in the home buying journey. It gives you an idea of the amount you might be able to borrow when you’re looking to buy a home.



Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.

±Discounted rate is only available for new Personal/Owner Occupied loans taken out as part of the Better Together Special Offer >= $150,000 and borrowings <= 60% of the security property value (LVR) inclusive of lenders mortgage insurance (if applicable), with Principal and Interest repayments and who hold a Suncorp Bank transaction account. The discounted rate (currently 6.13% p.a.) is calculated by subtracting a discount of 2.52% from the Standard Back to Basics Variable Rate (currently 8.65% p.a.). Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Pre-approvals excluded. The discounted rate is available on eligible loans applied for from 24 April 2024.

The calculations provided are estimates only and based upon the information entered into the calculator by the user. The borrowing capacity estimate does not constitute an application or approval. No fees or charges have been factored into the above calculation. Please refer to Lending Fees and Charges for all applicable fees.

# COMPARISON RATE:
A comparison rate is a rate that indicates the true cost of a loan. This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable for the chosen product.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. Comparison rates for Interest Only Variable home loans are based on an initial 5 year Interest Only period.

The information is intended to be of general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.

Please contact us on 1300 211 638 or visit your local branch and ask to speak to a lender to discuss a more accurate your borrowing capacity.

You can also start the process today by applying for a home loan pre-approval.

Button

What is a comparison rate?

A comparison rate is a rate that indicates the true cost of a loan. This rate incorporates certain fees and charges that are applicable for the chosen product. For more information about the comparison rate and the comparison rate warning, please refer to the things you should know section of this page.

Live chat

Chat to us online now