R1,500,000 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 9 983,80
per month
Total Interest
R 1 396 111,73
Total Cost
R 2 396 111,73
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.
Understanding your loan
Total interest paid by term
Bond Repayment for Information
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.
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 R1,500,000 home loan at 11.50% (prime + 1%) over 15 years costs R17,523/month, with R1,654,112 paid in interest at current SARB prime (10.5%).
A R1,500,000 home loan is typically used for purchasing residential property, refinancing an existing bond, or funding a second property. At current prime (10.5%), most SA lenders — including most major SA banks and bond originators — offer this amount at 9.50%–13.50%, which works out to R15,663–R19,475/month over 15 years. Most banks require a minimum monthly income of around R12,500 to qualify for a home loan of this size.
R1,500,000 Home Loan — Rate & Term Comparison
| Rate | 10 yrs | 15 yrs | 20 yrs | 25 yrs |
|---|---|---|---|---|
| 9.50% (prime − 1%) | R19,410/mo | R15,663/mo | R13,982/mo | R13,105/mo |
| 11.50% (prime + 1%) | R21,089/mo | R17,523/mo | R15,996/mo | R15,247/mo |
| 13.50% (prime + 3%) | R22,841/mo | R19,475/mo | R18,111/mo | R17,485/mo |
R1,500,000 Home Loan — Frequently Asked Questions
Repayments are estimates based on SARB prime rate of 10.5% (last verified May 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.