Calculator
Additional Payment Calculator
See how extra payments can help you pay off your bond faster and save thousands in interest. Even small additional amounts make a big difference!
Extra R500/month saves
R100k+
Your Bond Details
R
Outstanding amount on your bond
%
Current SA Prime Rate: 11.25%
yrs
mo
R
Leave blank to calculate from bond details
R
R
Bonus or 13th cheque towards bond
Total Interest Saved
R 0
Time Saved
0 years
Before vs After Comparison
| Without Extra | With Extra | Difference | |
|---|---|---|---|
| Monthly Payment | R 0 | R 0 | +R 0 |
| Payoff Time | 0 years | 0 years | 0 years less |
| Total Interest | R 0 | R 0 | -R 0 |
| Total Repayment | R 0 | R 0 | -R 0 |
| Payoff Date | - | - | - |
Extra Payment Scenarios
| Extra Monthly | Time Saved | Interest Saved | New Payoff |
|---|
Smart Strategies to Pay Off Faster
Pay Bi-Weekly
Pay half your monthly amount every 2 weeks. You'll make 26 half-payments = 13 monthly payments per year.
Round Up Payments
Round your payment to the nearest R500 or R1,000. Small amounts add up over time.
Apply Bonuses
Put your 13th cheque, tax refunds, and bonuses directly into your bond.
Don't Reduce When Rates Drop
When interest rates drop, keep paying the same amount. The extra goes to principal.
Did you know? Most SA bonds allow unlimited additional payments without penalty. Check with your bank to confirm.
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