R1,000,000 Home Loan Calculator
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?
What will your repayment be?
Monthly Repayment
R 9 816,43
per month
Total Interest
R 1 355 944,13
Total Cost
R 2 355 944,13
Loan Summary
Loan Amortisation Chart
Results shown are estimates for financial planning purposes only and do not constitute financial advice, a credit quote, or an offer of credit. Rates depend on your credit profile and lender. CalcLoan is not a registered financial services provider. Please consult a qualified financial advisor or contact your bank directly before making financial decisions.
Bond Repayment | Extra Payments Information
Most South African bonds are linked to the prime lending rate, currently 10.25% (SARB, April 2026). Your bank may offer prime minus a percentage based on your credit profile. Even small extra payments of R500-R1,000 per month can cut years off your bond term and save you significant interest. Use the deposit field to calculate exactly how additional monthly payments reduce your total bond cost and shorten your repayment period.
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
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A R1,000,000 home loan at 10.75% (prime + 0.5%) over 15 years costs R11,209/month, with R1,017,706 paid in interest at current SARB prime (10.25%).
A R1,000,000 home loan is typically used for purchasing residential property, refinancing an existing bond, or funding a second property. At current prime (10.25%), most SA lenders — including Absa, Standard Bank, FNB, Nedbank, SA Home Loans, and ooba — offer this amount at 9.75%–11.75%, which works out to R10,594–R11,841/month over 15 years. Most banks require a minimum monthly income of around R8,333 to qualify for a home loan of this size.
R1,000,000 Home Loan — Rate & Term Comparison
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs |
|---|---|---|---|---|
| 9.75% (prime − 0.5%) | R13,077/mo | R10,594/mo | R9,485/mo | R8,911/mo |
| 10.75% (prime + 0.5%) | R13,634/mo | R11,209/mo | R10,152/mo | R9,621/mo |
| 11.75% (prime + 1.5%) | R14,203/mo | R11,841/mo | R10,837/mo | R10,348/mo |
R1,000,000 Home Loan — Frequently Asked Questions
Repayments are estimates based on SARB prime rate of 10.25% (last verified April 2026). Actual rates depend on your credit profile and lender. This tool is for financial planning purposes only and does not constitute a quote, offer, or financial advice. Verify current prime rate at SARB.co.za.