Loan Repayment Calculator

Calculate Monthly Payments & Interest

SA prime rate is currently 11.75%

Pay off your loan faster

Monthly Payment
R2 199,26

for 60 months

Total Interest
R31 955,64

over 5 years

Total Payment
R131 955,64

principal + interest

Payment Breakdown

PrincipalR100 000
InterestR31 955,64

Loan Summary

Loan Term:60 months (5 years)
Interest Rate:11.5% p.a.
Monthly Rate:0.958%
Total Payable:R131 955,64

Payment Schedule (Sample)

MonthPaymentPrincipalInterestBalance
1R2 199,26R1 240,93R958,33R98 759,07
2R2 199,26R1 252,82R946,44R97 506,25
3R2 199,26R1 264,83R934,43R96 241,43
4R2 199,26R1 276,95R922,31R94 964,48
5R2 199,26R1 289,18R910,08R93 675,30
6R2 199,26R1 301,54R897,72R92 373,76
7R2 199,26R1 314,01R885,25R91 059,74
8R2 199,26R1 326,60R872,66R89 733,14
9R2 199,26R1 339,32R859,94R88 393,82
10R2 199,26R1 352,15R847,11R87 041,67
11R2 199,26R1 365,11R834,15R85 676,56
12R2 199,26R1 378,19R821,07R84 298,36
24R2 199,26R1 545,31R653,95R66 692,76
36R2 199,26R1 732,70R466,56R46 952,30
48R2 199,26R1 942,80R256,46R24 818,14
60R2 199,26R2 178,38R20,88R0,00

Loan Tips for South Africans

  • • The SA prime lending rate is currently 11.75% (as of 2024)
  • • Making extra payments can significantly reduce your total interest
  • • Shop around – different lenders offer different rates
  • • Consider debt review if you're over-indebted
  • • Personal loans typically range from 11-27% p.a. depending on credit score

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