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Borrowing power calculator

The borrowing power calculator on this page will help you determine how much you can comfortably afford to borrow at a given interest rate and loan term. To use the borrowing power calculator, enter your personal income and expense details. Select whether the income stated is from a single or joint income, and your number of dependents. Next, enter the amount of your net salary, and the frequency with which you are paid (monthly or fortnightly). Add in any additional income you receive from other sources.

Next, enter your annual expenses (or use the default provided). Enter the amount of your monthly car and credit card repayments, as well as information about any additional payment obligations. Finally, enter the loan details. What interest rate and loan term have you been offered?

Based on the information provided, the calculator will reveal the amount of money you can afford to borrow, and the monthly payment cost for a loan at that amount, interest rate and term.

Notes:

  • The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. It is advised that you consult your financial adviser before taking out a loan.

Money Saving Tips

  • By borrowing less than you can afford, you will be able to make bigger repayments on your loan obligations and reduce the amount of interest and total monthly payments paid.
  • Try increasing the frequency of your payments by remitting the instalments on a weekly or fortnightly basis rather than once per month. Because interest is assessed daily based on the balance of the principal, paying more frequently will decrease the total amount of interest paid over time.

How It Works

Call anytime. It's free, there's no obligation and it only takes 10 minutes.

Step 1

Fill a free consultation enquiry form or call us

Step 2

Our consultant will assess your current financial situation to find the best option to reduce and eliminate your debt

Step 3

Once approved, you're on your way to be debt free.

Act Now and Get a Free Consultation.

If you are struggling and have debts over $7,000 and want to discover if debt consolidation can improve your financial situation call Australian Debt Reduction today to start reducing your debts. Contacting us is easy, call Australian Debt Reduction on 1300 261 922 - 24 hours a day, 7 days a week.

Enquire Now – Just 4 questions to answer

  1. 1 Do you have a home loan?
  2. 2 Do you have unsecured debts of $7,000 or greater? Credit cards, store cards and personal loans are types of unsecured debts. Mortgages and car loans are not.
  3. 3 Do you receive a regular income?
  4. 4 Have you been bankrupt in the last 13 years?
Next

Yes! We can help you.

Option 1: Call us now

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1300 219 028

Fox Symes is the largest provider of debt solutions to individuals and businesses in Australia. We help over 100,000 Australians each year resolve their debt and take financial control.

Option 2: We call you

Unfortunately, we are unable to assist you.

For further assistance we recommend you:

  • Speak to your Creditors
  • Call AFSA on 1300 364 795
  • Speak with a Financial Counsellor
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Unfortunately, we are unable to assist you at this time.

Please contact us for assistance once you have secured a regular income.

We look forward to your call.

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Unfortunately, we are unable to assist you.

You need to have over $7,000 in unsecured debt to apply.
For further assistance we recommend you:

  • Speak to your Creditors
  • Call AFSA on 1300 364 795
  • Speak with a Financial Counsellor
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FREE Phone Consultation

Australian residents only.

  1. Credit cards, store cards and personal loans are types of unsecured debts. Mortgages and car loans are not.

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FREE Phone Consulation

Australian residents only

FREE Phone Consultation

Australian residents only.

  1. Credit cards, store cards and personal loans are types of unsecured debts. Mortgages and car loans are not.
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