Before buying a house, most people want to know how much they can borrow. For a quick answer to the maximum home loan you can possibly get, skip straight to our simple home loan eligibility calculator. If you want to learn more on how it is calculated, read on.
Factors that determine your maximum loan amount
How much a bank can lend to you depends on 4 key factors:
Factors that determine your maximum loan amount
How much a bank can lend to you depends on 4 key factors:
- Your Debt Servicing Ratio (DSR)
- An individual’s risk profile
- Property valuation
- The max Loan-to-Value (LTV) ratio / Margin of Finance available to you
