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Serviceability Calculator
The online calculator will allow you to easily complete the serviceability calculation required when submitting LMI proposals to Genworth for consideration.

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Loan details

* Mandatory fields
Loan amount* What is this?
Security value* What is this?
Loan term (in months)* What is this?
Actual rate* What is this?
Repayment type
Interest-only period
(in years)

Applicant details

Number of individuals
(maximum 6)
Number of companies
(maximum 1)

Company applicant 1

Income details & add-backs

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
+ Add more rental income

Company applicant 2

Income details & add-backs

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
+ Add more rental income

Company applicant 3

Income details & add-backs

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
+ Add more rental income

Applicant 1 *

Applicant name*
Marital status* What is this?
Joint with applicant
Number of dependants* What is this?
Residential postcode/suburb*

PAYG

Income type*
Base income*
Frequency*

Self-employed / sole trader / partnership

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Variable income calculation

Variable income 1
Income type
Frequency
Amount
+ Add more variable income

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
Amount of investment loan What is this?
+ Add more rental income

Non-taxable income calculation

Non-taxable income What is this?

Applicant 2 *

Applicant name*
Marital status* What is this?
Joint with applicant
Number of dependants* What is this?
Residential postcode/suburb*

PAYG

Income type*
Base income*
Frequency*

Self-employed / sole trader / partnership

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Variable income calculation

Variable income 1
Income type
Frequency
Amount
+ Add more variable income

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
Amount of investment loan What is this?
+ Add more rental income

Non-taxable income calculation

Non-taxable income What is this?

Applicant 3 *

Applicant name*
Marital status* What is this?
Joint with applicant
Number of dependants* What is this?
Residential postcode/suburb*

PAYG

Income type*
Base income*
Frequency*

Self-employed / sole trader / partnership

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Variable income calculation

Variable income 1
Income type
Frequency
Amount
+ Add more variable income

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
Amount of investment loan What is this?
+ Add more rental income

Non-taxable income calculation

Non-taxable income What is this?

Applicant 4 *

Applicant name*
Marital status* What is this?
Joint with applicant
Number of dependants* What is this?
Residential postcode/suburb*

PAYG

Income type*
Base income*
Frequency*

Self-employed / sole trader / partnership

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Variable income calculation

Variable income 1
Income type
Frequency
Amount
+ Add more variable income

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
Amount of investment loan What is this?
+ Add more rental income

Non-taxable income calculation

Non-taxable income What is this?

Applicant 5 *

Applicant name*
Marital status* What is this?
Joint with applicant
Number of dependants* What is this?
Residential postcode/suburb*

PAYG

Income type*
Base income*
Frequency*

Self-employed / sole trader / partnership

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Variable income calculation

Variable income 1
Income type
Frequency
Amount
+ Add more variable income

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
Amount of investment loan What is this?
+ Add more rental income

Non-taxable income calculation

Non-taxable income What is this?

Applicant 6 *

Applicant name*
Marital status* What is this?
Joint with applicant
Number of dependants* What is this?
Residential postcode/suburb*

PAYG

Income type*
Base income*
Frequency*

Self-employed / sole trader / partnership

Net profit (loss) before tax (NPBT)
Current year What is this?
Previous year What is this?
Interest
Current year
Previous year
Other add-backs
Current year
Previous year
Depreciation
Current year What is this?
Previous year What is this?

Variable income calculation

Variable income 1
Income type
Frequency
Amount
+ Add more variable income

Rental income calculation

Rental income 1
Rental type
Amount
Frequency
Ownership (%)
Amount of investment loan What is this?
+ Add more rental income

Non-taxable income calculation

Non-taxable income What is this?

Commitments

Actual annual living costs*
Total credit card limits
Commitments (maximum 8)

Commitment 1

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 2

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 3

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 4

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 5

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 6

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 7

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?

Commitment 8

Commitment type What is this?
Repayment amount
Frequency
Limit/scheduled      
balance (plus redraw)What is this?
Disclaimer: Important - This Serviceability Calculator was prepared by Genworth Financial Mortgage Insurance Pty Limited (Genworth) to provide you with an indication only as to whether a loan application may meet Genworth servicing criteria. It sets out the methodology by which Genworth arrives at this conclusion. It is provided to you on the basis that you acknowledge that: You are not relying on this Serviceability Calculator when determining a customer's loan serviceability, credit worthiness or whether the loan is 'not unsuitable' in any respect as part of the credit approval process. This Serviceability Calculator does not take the place of your own credit policy, prudent lending guidelines or your responsible lending obligations under the law. A positive outcome under this Serviceability Calculator does not guarantee that your own credit policy and lending guidelines will have been met or that you have complied with your responsible lending obligations and does not constitute any representation or warranty on the part of Genworth that the loan applicant represents an acceptable credit risk for the customer. You are responsible for ensuring that you comply in all respects with the National Consumer Credit Protection Act when considering the loan application and entering into the loan. Genworth reserves the right to determine whether or not it is prepared to grant insurance in respect of a loan application irrespective of whether a positive indication is provided by the Serviceability Calculator.

© Genworth Financial Mortgage Insurance Pty Limited • ABN 60 106 974 305 • ® Genworth, Genworth Financial and the Genworth logo are registered service marks of Genworth Financial, Inc and used pursuant to licence •
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Reference ID:

Applicant summary

Loan amount:
Total commitments:
Loan term (in months):
HEM living costs:
Total net income:

Genworth serviceability calculation

Genworth NDI ratio: :1
NDI ratio must be at least 1.00:1
Assessment rate: %
Net disposable income:
Monthly repayment:
Maximum loan amount:

Actual rate serviceability calculation

NDI ratio: :1
Actual interest rate: %
Maximum loan amount:
Monthly repayment:
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Loan details

Loan amount:
Security value:
Loan term (in months):
LVR: %
Actual rate: %
Repayment type:
Interest-only period (in years):

Applicant details

Applicant type: Individual
Number of applicants:
Applicant type: Company
Number of applicants:

Genworth serviceability calculation

Genworth NDI ratio: :1
Net disposable income:
Assessment rate: %
Maximum loan amount:
Monthly repayment:

Actual rate serviceability calculation

NDI ratio: :1
Actual interest rate: %
Maximum loan amount:
Monthly repayment:
Note: Genworth serviceability calculation is based on the Genworth assessment rate or the actual rate plus a buffer of 2.25%, whichever is the higher.
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Loan amount

The total amount of the loan being applied for, inclusive of capitalised LMI premium

Security value

The value of the security property – the lower of either the purchase price or estimated value of valuation amount.

Loan term (in months)

The term of the loan being applied for in months – must be between 1 - 480

Actual rate

Actual interest rate of the loan application.

Marital status

Sole borrower: married or de-facto person who is the sole applicant of the loan

Number of dependants

For couples you must include total number of dependants under both applicants.

Current year

2 years of income is required

Previous year

2 years of income is required

Current year

Depreciation add-back must not exceed 20% of net profit before tax (NPBT)

Previous year

Depreciation add-back must not exceed 20% of net profit before tax (NPBT)

Income type

Income type

Base income

Insert salary in whole dollars and selected pay frequency

Current year

2 years of income is required

Previous year

2 years of income is required

Current year

Depreciation add-back must not exceed 20% of net profit before tax (NPBT)

Previous year

Depreciation add-back must not exceed 20% of net profit before tax (NPBT)

Actual living costs

Lender must enter the annual living costs ascertained from the borrower in the loan interview

Non-taxable income

Please enter total non-taxable income earned as annual figure

Amount of investment loan

Current or proposed mortgage limit/scheduled balance (plus redraw) of related residential investment loan.

Commitment type

Any joint commitments must be entered at 100%

Limit/scheduled balance (plus redraw)

Current loan balance (plus any redraw) of outstanding mortgages not covered in this policy

Please review your entries and fill out the mandatory fields.

Revise the fields with red key outline

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