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Bond Repayment Calculator for South Africa

Calculate monthly bond repayments and discover how extra payments can save you hundreds of thousands in interest over the life of your home loan.

What are your loan details?

R
%
Prime: 10.5% · peaked 11.75% (May 2023) · SARB
R

What will your repayment be?

Monthly Repayment

R 14 975,70

per month

Total Interest

R 2 094 167,59

Total Cost

R 3 594 167,59

Loan Details

Loan Amount:R 1 500 000,00
Deposit:R 0,00
Amount Financed:R 1 500 000,00
Repayment Term:240 months
Annual Interest Rate:10.50%

Loan Payment Schedule Chart

How much does this loan really cost you?

Estimated maximums under the National Credit Act — your actual lender's fees may be lower.

Advanced Analysis Tools

Important Note About Interest Rates
Our calculations assume the interest rate remains constant throughout the loan term. For variable rate loans (like most bonds), your actual monthly payments may change if interest rates rise or fall during your loan period.

This is an estimate only, not financial or tax advice, and we are not a financial services provider (FSP). Your actual figures depend on your lender or provider, and your personal circumstances. Results do not constitute a credit quote or an offer of credit — please consult a qualified financial advisor or contact your bank directly before making financial decisions.

How do these repayment numbers break down?

R1 851 goes to your loan (12%)
R13 125 goes to the bank (88%)

Total interest paid by term

Loading rate guidance…

What should you know about a bond?

Most South African bonds are linked to the prime lending rate, currently 10.5% (SARB, May 2026). Your bank may offer prime minus a percentage based on your credit profile. Use the deposit field to see how a down payment reduces your bond amount, monthly repayment, and total interest paid.

Typical Ranges
Typical bond amounts range from R500,000 to R5,000,000 with current interest rates between 9.5% and 13.5%.

What can this calculator work out?

  • Bond monthly repayment calculations
  • Extra payment impact analysis
  • Interest savings calculations
  • Additional bond payment calculator
  • Home loan affordability estimator

Frequently asked questions