07/04/2026
The lending landscape just got a little tougher to crack. 🥚
As of earlier this year a new rule from APRA has changed the rules for borrowers. Banks are now restricted on how many "high-debt" loans they can approve.
What does this mean for you?
If your total debt, including your new loan, credit cards, and car loans, are more than 6 times your gross annual income, you are officially in the "High DTI" zone.
Banks can now only allow 20% of their new loans to fall into this category. If your bank has already hit its 20% quota for the quarter, they might say no, even if you have a perfect repayment history. Don't get discouraged. While one bank might be at their limit, others may still be "hatching" approvals for borrowers in your position.
If you think you might be affected, let’s book a call to assess.
