Home loan repayment calculatorFound the perfect home and want to see what the monthly instalments would be?
Your step-by-step guide to help you on your home-buying journey
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Home loan repayment FAQ
How does the interest rate affect my repayments
The interest on your bond is based on the current prime interest rate determined by the South African Reserve Bank (SARB). Your instalments will change according to how the interest rate increases or decreases. For the first few years, most of your loan repayments will go toward paying off the interest. Over time more of your repayments will go towards paying off the actual loan amount.
What is the most common home loan period?
Generally, you are required to pay back the home loan, plus interest, over a set period, most commonly between 20 to 30 years.
Do I need a deposit?
While the inclusion and payment of a deposit are recommended, it is not compulsory to make the offer to purchase a binding, legal document between the two parties.
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The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, BetterBond cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.