Calculator
Extra Payment Impact Calculator
See exactly how paying extra each month impacts your bond. Enter your bond details and extra payment amount to see how many years you'll save and how much interest you'll avoid paying.
Current Prime Rate
11.25%
Your Bond Details
R
Your total bond/loan amount
%
Current SA Prime Rate: 11.25%
yrs
R
How much extra you'll pay each month
Your Extra Payment Impact
Without Extra Payments
Monthly Payment:-
Loan Term:-
Total Interest:-
Total Repayment:-
With Extra Payments
Monthly Payment:-
New Loan Term:-
Total Interest:-
Total Repayment:-
Years Saved
-
Interest Saved
-
Interest Reduction
-
Extra Payment Scenarios (R1,000 - R10,000)
See how different extra payment amounts affect your bond. Find the sweet spot that works for your budget.
| Extra Payment | Total Monthly | New Term | Time Saved | Interest Saved | ROI |
|---|
Payoff Timeline Comparison
Without Extra Payments-
With Your Extra Payment-
Bond-free date moves from
- -
Year-by-Year Balance Comparison
Watch your bond balance shrink faster with extra payments. The difference grows dramatically over time!
| Year | Without Extra | With Extra | Difference |
|---|
No Penalties
In South Africa, banks cannot charge penalties for paying extra on your bond. Take advantage of this!
Access Funds
With an access bond, you can withdraw extra payments if needed. Best of both worlds!
Tax-Free Returns
Interest saved on your bond is like earning a guaranteed 11.25% tax-free return!
