DISASTER ASSISTANCE: For any customer affected by the recent Cyclone, please see our Cyclone Jasper Assistance details here.

How do I know if I can afford loan repayments?

Share this:

In this article

Illustration of a lady jumping for joy in front of a newly purchased house

Find your perfect rate with a Well Money home loan and save.

Subscribe and stay up to date with the latest money tips and news.

It is in the interests of the lender and applicant to determine your ability to meet the repayments on the loan amount required taking into account your employment, broader financial situation and current circumstances.
Accurate completion of the interview will assist us in determining your ability to meet the proposed loan repayments and other financial obligations.
For every home loan, the affordability of the loan repayments actually takes into account a much higher interest rate than what you have to pay. This help to ensure that borrowers aren’t put into a situation where they can’t afford their repayments from the day they settle.

Share this:

Get prequalified for your home loan in just a few minutes today.

Optus data breach: No Well Money systems have been compromised as a result of the Optus data breach. We take security very seriously and continue to monitor the situation.
You can find out more here