Loan Calculator
Build a picture of your repayment budget. See an estimated monthly instalment and total loan cost, including the initiation and monthly service fees charged by South African lenders.
Loan details
The National Credit Act caps the interest rate on unsecured loans at 28.25% per year (repo rate + 21%).
Cost breakdown
Where your money goes
Please note: This is an estimate. Your actual interest rate and fees depend on the lender and your credit profile, and credit life insurance may be added. Before you sign, the lender must give you a pre-agreement statement and quotation showing all costs.
Representative example: Loan amount R50,000 over 36 months at an annual interest rate of 28.25%, an initiation fee of R1,208 (added to the loan) and a monthly service fee of R69. Estimated monthly repayment R2,194. Total repayment approximately R78,986.
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