Loan Calculator for South Africa
South Africa · ZAR. Compare a borrowing amount, interest rate and term.
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Amortization Schedule
| Year | Principal Paid | Interest Paid | Total Payment | Remaining Balance |
|---|---|---|---|---|
| 1 | R 3 611,11 | R 917,99 | R 4 529,10 | R 16 388,89 |
| 2 | R 3 795,86 | R 733,24 | R 4 529,10 | R 12 593,04 |
| 3 | R 3 990,06 | R 539,04 | R 4 529,10 | R 8 602,98 |
| 4 | R 4 194,20 | R 334,90 | R 4 529,10 | R 4 408,78 |
| 5 | R 4 408,78 | R 120,31 | R 4 529,10 | R 0,00 |
Showing 1–5 of 5 years
Key Insights
Interest Share
Interest accounts for 12% of this loan's total repayments.
Loan Tenure
A longer tenure reduces EMI but increases total interest.
Prepayment
Even small prepayments can save you a significant amount.
Method and scope
Fixed-rate, fully amortising loan with equal monthly payments beginning one month after borrowing. The nominal annual interest rate is divided by 12. At zero interest, principal is divided equally across payments. Fees, insurance, property taxes, rate resets and prepayments are excluded. This is a principal-and-interest illustration, not a lender quotation.
Using this calculator in South Africa
Use the amount borrowed in ZAR, rather than a purchase price before a deposit. The South Africa projection uses your nominal annual rate and equal monthly payments; fees, insurance and early repayments are excluded. A lender's quoted comparison rate or APR can include costs this model does not include.
Try the starting example
Amount borrowed: R 20 000; Annual interest rate (nominal): 5%; Loan term (years): 5.
Monthly principal + interest: R 377,42.
Compare one assumption at a time
A lower monthly repayment can come from spreading the same debt across more payments. Compare total repayment before deciding whether that trade-off fits your budget. Fees and insurance can change the actual cost of an offer. These fictional scenarios use the starting inputs printed above, not your current entries in the interactive calculator.
| Loan term (years) | Monthly principal + interest | Interpretation |
|---|---|---|
| 4 | R 460,59 | One changed input |
| 5 | R 377,42 | Starting example |
| 6 | R 322,10 | One changed input |
Is the retirement contribution affordable from your actual monthly pay?
The PAYE estimate includes the selected age rebate and capped employee UIF, but excludes other payroll deductions. The retirement tool uses a separate qualifying deduction base and illustrates a ceiling, not an automatic refund. Check the employer contribution and deduction base before comparing retirement scenarios.
To reproduce the table, reset the calculator, change only the named input and compare the result and any warning. Record the assumptions with your result. See worked planning examples and our calculation and correction process.
Sources and review date
Rules and method reviewed 2026-11-02. Future changes are not automatically applied. Report a correction.