Calculator
Bond Repayment Calculator
Calculate your monthly home loan repayment based on current South African interest rates. See exactly how much you'll pay each month.
Current Prime Rate
11.25%
Enter Your Details
R
R
10% of property price
%
Current SA Prime Rate: 11.25% (Repo: 7.75% + 3.5%)
Your Monthly Repayment
R 0
Loan Amount
R 0
Interest Rate
0%
Total Repayment
R 0
Total Interest
R 0
Payment Breakdown
Monthly Principal
R 0
Monthly Interest
R 0
Loan Term
0 years
Rate Forecast: Your Bond as Rates Decrease
Good news! The SARB is targeting 3% inflation, which should bring the repo rate down to around 5-6% over the next few years. This means Prime could drop to 8.5-9.5%, significantly reducing your monthly payments!
| Timeline | Repo Rate | Prime Rate | Monthly Payment | You Save | Total Interest |
|---|
Potential Monthly Savings
R 0
Potential Interest Savings
R 0
Pro tip: When rates drop, keep paying your current amount! The extra goes directly to principal, helping you pay off your bond years earlier and save even more on interest.
Amortization Schedule (First 12 Months)
| Month | Payment | Principal | Interest | Balance |
|---|
Understanding Your Bond Repayment
Prime Rate Explained
The prime rate (currently 11.25%) is 3.5% above the repo rate. Banks use this as a base, offering rates above or below prime depending on your credit profile.
Deposit Benefits
A larger deposit reduces your loan amount and may qualify you for a better interest rate. Aim for at least 10-20% to avoid paying PMI.
Loan Term Impact
A shorter loan term means higher monthly payments but significantly less interest paid over the life of the loan.
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