All banks do have certain qualification requirements which will determine the maximum loan that will be
considered, potential borrowers are well advised to consider what bond repayment they can comfortably
afford. Interest rate changes can increase monthly instalments and the prudent borrower will consider
what level of repayment they believe they can sustain and match their property purchase to that
borrowing capability.
To assist in calculating your personal repayment capacity, an income and expenditure model has been
incorporated. By carefully completing the schedule, you will be able to determine your personal
disposable income that can be used to repay a bond. Don’t forget to take account of the additional costs
which are associated with property ownerships eg rates and taxes, levies, insurance etc. If you already
know what repayment you can afford, go to qualification calculator.
