How does this calculator work?
This credit score calculator assesses the overall risk that you pose to a lender. It uses similar methods to those used by the major banks to work out the credit score of your loan application.
You might be surprised by some of the questions that it asks, however these are all factors assessed by the banks and are known to impact the risk to the bank. Some of the factors can effect each other, for example if you are a professional investor then having many credit enquiries will not have as large a negative effect on your score.
Find out more about your credit score
Please enquire online to speak to one of our mortgage brokers about getting approval for a home loan, even if you didn’t pass the above credit score. We have access to lenders that do not credit score!
Each bank also has their own method of scoring, so while you may fail one lenders scoring, you may pass with another.
You can learn more about your credit score on the below pages:
Good luck with your home loan application!