Servicebility Assessment Calculator

SERVICEABILITY ASSESSMENT CALCULATOR -FOR BROKER USE ONLY Applicant 1 : Mr Jones Applicant 2 : Mrs Jones Income Gross P.A. Tax /Medicare Net Monthly Applicant 1 Salary /Wage -$ -$ -$ Applicant 2 Salary /Wage -$ -$ -$ Applicant 1 Self Employed Income -$ -$ -$ Applicant 2 Self Employed Income -$ -$ -$ Net Monthly Applicant 1 Other Income -$ -$ Applicant 2 Other Income -$ -$ Monthly Monthly Rental Income 1 -$ Monthly Rental Income 2 -$ Monthly Rental Income 3 -$ -$ Total Net Income -$ Annual Minimum Living Expenses Number of Adults --$ Number of Children --$ Total Household -$ -$ Available Income (Net Income less Minimum Living Expenses) -$ Outgoings Loan Amount Term Interest Rate (APR) Monthly New Loans Loan 1 -$ ---$ Loan 2 -$ ---$ Loan 3 -$ ---$ Monthly Existing Loans /Rent Loan 1 -$ Loan 2 -$ Loan 3 -$ Rent -$ -$ Credit Limit Non GE Consumer Finance Credit Card /Store Card -$ -$ GE Consumer Finance Credit Card /Store Card -$ -$ Monthly Hire Purchase Repayment 1 -$ Repayment 2 -$ Repayment 3 -$ -$ Maintenance Payments -$ -$ Total Commitments -$ Serviceability Ratio (Available Income /Total Commitments) must be > 1.10 #DIV/0! This Serviceability Calculator is intended as a guide only and no loan approval can be assumed on the basis of the results of this calculator. All applications remain subject to the normal credit and approval criteria of GE Mortgage Solutions Limited. If you have any questions regarding this Serviceability Calculator please contact your BDM. For any further information please visit our website: www.gemoney.com.au/broker Credit provided by GE Mortgage Solutions Limited ABN 85 070 797 894, trading as GE Money