Loan Calculator
Calculate your estimated monthly repayments and total loan cost. Our calculator uses South African Rands (ZAR) and our competitive 3% interest rate.
Calculate your estimated monthly repayments and total loan cost. Our calculator uses South African Rands (ZAR) and our competitive 3% interest rate.
This is an estimate. Actual rates may vary based on credit assessment.
Apply for This LoanUnderstanding how loan repayments are calculated helps you make informed financial decisions.
This is the amount you want to borrow. Enter any amount from R1,000 to R50,000,000 depending on your loan type.
We offer a fixed 3% annual interest rate across all loan products. This rate remains constant throughout your loan term.
The duration of your loan affects your monthly payments. Longer terms mean lower monthly payments but more total interest.
We use the standard amortization formula to calculate your monthly payments:
M = P × [r(1+r)n] / [(1+r)n - 1]
M = Monthly Payment
P = Principal Loan Amount
r = Monthly Interest Rate (Annual Rate ÷ 12)
n = Total Number of Payments (Years × 12)
See how different loan amounts and terms affect your repayments.
| Loan Type | Amount | Term | Monthly Payment | Total Interest |
|---|---|---|---|---|
| Personal Loan | R 50,000 | 3 years | R 1,453.78 | R 2,336.08 |
| Car Loan | R 300,000 | 5 years | R 5,390.61 | R 23,436.60 |
| Home Loan | R 1,500,000 | 20 years | R 8,317.27 | R 496,144.80 |
| Business Loan | R 500,000 | 7 years | R 6,608.79 | R 55,138.36 |