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Calculate your borrowing power.

Enter your income and expenses to find out how much you could borrow for a home loan.

Based on our Flexible home loan with Member Package option (annual fee $395), which currently offers a 3.69% p.a. variable rate1 (4.72% p.a. comparison rate2). This assumes 1) a loan that is for owner occupier purposes with principal and interest repayments, 2) a loan amount of more than $400k but less than $700k and 3) where the amount borrowed is more than 70% but not greater than 80% of the value of the real estate used as security.

Based on our flexible home loan on a 3.69% p.a. variable rate1 (4.72% p.a. comparison rate2). This rate assumes an LVR of 80-90%. If your LVR is less than 80% ME may be able to offer you a better rate.


You could borrow


Your deposit amount


Your loan to value ratio would be XX%.

For this calculation the loan to value ratio cannot exceed 95%.

Your estimated total purchase power


Loan term

Unfortunately your borrowing power has gone into negative. Maybe re-check your numbers?

Monthly repayments


This is 41% of your income after tax.

Monthly expenses


Remaining monthly income


Worked out based on your income with no tax minimisation; your financial situation may vary significantly.

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The legal stuff.

The legal stuff.

  1. Interest rates are current as at 18-May-2024 and are subject to change. The variable interest rate may include a discount or margin that is applied to the product’s variable reference rate. Discounts are offered to new home loan applications only. The discount cannot be used with any other rate promotion. Existing applications, internal refinances, top ups, additional advances or variations of existing home loans are not eligible. We may change or withdraw any discount or margin at any time.
  2. Home Loan comparison rates are based on a loan of $150,000 for a term of 25 years, repaid monthly. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. The comparison rates for interest only fixed loans are based on the interest-only period being equal to the fixed rate term.

The results from this calculator should be used as an indication only. Results do not represent, quotes, pre-qualifications for any product or an offer to provide credit. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

The Borrowing Power Calculator calculates the maximum loan amount available based on the income and expenses entered. Default values provided assist in giving an estimate of the expenses and other factors which may determine the amount available for a loan.

This Borrowing Power Calculator takes into account the current cost of living, but does not take into account any expected future changes in the cost of living. The calculator uses the higher of the default estimated monthly living expenses or the living expenses you have entered.

Terms, conditions, fees and charges apply. Applications are subject to credit approval.

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