This SA Home Loans Calculator helps you determine the monthly repayment for your home loan in South Africa based on your loan amount, interest rate, and loan term.

Home Loan Formula

Monthly Repayment = Loan Amount × (Interest Rate) / (1 – (1 + Interest Rate)^-Loan Term)

Example Calculation

R500,000 loan, 10% interest rate, 20-year term → Monthly Repayment = R5,108.18

Why It Matters

Knowing your monthly repayment helps you plan your budget and ensure that your home loan is affordable.

Smart Strategy

Consider refinancing your loan for better rates if your current rate is too high.

FAQs

What loan term is best? A longer term can lower monthly payments but increase total interest paid.

Can I repay my home loan early? Yes, but be aware of any prepayment penalties.

How do I qualify for a home loan? Lenders look at your credit score, income, and existing debt to determine eligibility.