Personal Loan Calculator

Calculate your loan repayments and find the perfect loan amount that fits your budget

Calculate Your Loan

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(Repo Rate + 21% p.a.)

Loan Summary

Monthly Costs

Principal & Interest
R0.00
Service Fee Monthly admin fee (incl. VAT)
R0.00
Insurance Credit life insurance
R0.00
Total Monthly Payment
R0.00

Once-off Costs

Initiation Fee Once-off fee (incl. VAT)
R0.00

Total Loan Costs

Total Interest
R0.00
Total Fees & Insurance
R0.00
Total Cost of Credit
R0.00

Payment Schedule

First Payment
-
Last Payment
-

Understanding Personal Loan Calculations

How is the monthly repayment calculated?

The monthly repayment is calculated using the loan amount, term, and interest rate. We use the standard amortization formula that includes both principal and interest payments.

What affects your interest rate?

Interest rates are influenced by factors such as your credit score, income, employment status, and current market conditions. The better your credit profile, the lower your interest rate might be.

Why choose a personal loan?

Personal loans offer fixed repayment terms and interest rates, making them suitable for various purposes like debt consolidation, home improvements, or unexpected expenses.