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LOANS & CREDIT / FREE CALCULATOR

Personal loan repayment calculator

Look beyond the instalment. Understand interest, fees and the effect of paying a little extra.

YOUR NUMBERS

Let’s work it out.

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R
%
Equivalent to 5 years. Repayments are monthly.
Leave blank to estimate the first payment one month from today. Monthly dates are estimates, not a lender schedule.
Fees, contributions & assumptions +
R
Added to the loan balance. Enter the VAT-inclusive fee quoted.
R
R
Paid monthly; never added to the financed balance.
R

Calculated on your device. Save a copy only when you choose.

A CLEARER PICTURE

Estimated monthly repayment

R 1 269,67

Includes monthly fees, insurance and extra payment

Amount financed
R 50 000,00
Base instalment (before fees)
R 1 269,67
Total interest
R 26 180,31
Total fees & insurance
R 0,00
See the full breakdown
ESTIMATE · NOT A QUOTATION

Save this scenario, then change your inputs to compare the results.

BEHIND THE NUMBER

Your calculation, unpacked.

Amount financed
R 50 000,00
Base instalment (before fees)
R 1 269,67
Total interest
R 26 180,31
Total fees & insurance
R 0,00
Total repayment
R 76 180,31
Repayments to settlement
60
Final payment
R 1 269,78
Estimated early repayment saving
R 0,00
Months saved
0
Effective annual rate (interest only)
19.56%
UNDERSTAND THE TRADE-OFFS

Small changes.
Different possibilities.

Try changing one input at a time. Compare the total cost, as well as the monthly number.

View repayment schedule · 60 payments
Payments, interest and remaining balance. Fees include ongoing insurance.
PaymentDateTotal paidPrincipalInterestFeesBalance
1—R 1 269,67R 519,67R 750,00R 0,00R 49 480,33
2—R 1 269,67R 527,47R 742,20R 0,00R 48 952,86
3—R 1 269,67R 535,38R 734,29R 0,00R 48 417,48
4—R 1 269,67R 543,41R 726,26R 0,00R 47 874,07
5—R 1 269,67R 551,56R 718,11R 0,00R 47 322,51
6—R 1 269,67R 559,83R 709,84R 0,00R 46 762,68
7—R 1 269,67R 568,23R 701,44R 0,00R 46 194,45
8—R 1 269,67R 576,75R 692,92R 0,00R 45 617,70
9—R 1 269,67R 585,40R 684,27R 0,00R 45 032,30
10—R 1 269,67R 594,19R 675,48R 0,00R 44 438,11
11—R 1 269,67R 603,10R 666,57R 0,00R 43 835,01
12—R 1 269,67R 612,14R 657,53R 0,00R 43 222,87
THE WORKINGS

How this calculation works

For a fixed nominal annual rate r and n monthly repayments, the base instalment is P × (r/12) ÷ [1 − (1 + r/12)⁻ⁿ], using r as a decimal. The initiation fee is financed. Interest is rounded to cents each month; service fees and insurance are paid separately. The final payment settles rounding differences.

A worked example

A R12 000 loan at 0% over 12 months, without fees or insurance, needs R1 000 per month. Adding R200 each month settles it in 10 months.

Assumptions & limitations

  • Fixed nominal annual interest, monthly interest periods and payments in arrears. Daily lender accrual may differ.
  • All fees and insurance are user-supplied VAT-inclusive amounts, not regulatory fee limits or quotations.
  • Extra payments are assumed accepted immediately without early settlement charges. Insurance is a fixed estimate, not a reducing-balance premium.
KEEP EXPLORING

Another piece of the picture.

Take-home salaryVehicle financeBond affordability

Read a little further.

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How personal loan interest works

Make sense of a nominal rate, an instalment and the total amount you will repay.

Read the guide