Home Buying Loan Calculator South Africa
Calculate your potential home loan repayment based on interest rate, loan amount, and loan term in South Africa.
function calculateLoanRepayment(){
const loanAmount = parseFloat(document.getElementById(“loanAmount”).value);
const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12;
const loanTerm = parseInt(document.getElementById(“loanTerm”).value) * 12;
if(isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm el.value=””);
}
function formatCurrency(value) {
return “R” + value.toFixed(2);
}
