Thanks guys, I have updated the page with a comment at the bottom to make it clearer.

Hi Jamie,

Max borrowing (the loan size) is just the size of the loan at the particular interest rate that you would be able to pay off if you were paying the entered amount of repayments per month – its just using a formula which is the opposite of the repayment calculator. Instead of working out the repayment by supplying the loan size, it works…[Read more]