Is the actual rate used?

Often a higher “assessment rate” or floor applies to protect against future rate rises — regulatory guidance shapes this.

Why was I declined despite high income?

High income with high commitments, many dependants, or thin buffers can still fail — it is residual cashflow after stress.

Policy-specific — history length and seasonality matter.

Australia-wide home lending · Speak directly with Bishnu Adhikari

Help guide

Plain-English outline of income haircuts, floor rates, living expenses and existing commitments — not lender-specific advice.

Lenders apply policy discounts to variable income and may ignore some bonus/commission unless history proves stability.

Self-employed income is reconstructed from tax and sometimes bank-statement programs — not from vibes.

Declared living expenses are benchmarked; unusually low figures draw scrutiny and potential loading.

New debts after pre-approval can reset the file — inform your broker before applying elsewhere.