RandRoute · South African money tools
Loan Repayment Calculator
Put the amount, rate, and term in one place before you compare offers.
Calculator inputs
- Loan amount
- Annual interest rate
- Loan term
How the calculator works
The loan tool uses the principal, annual interest rate, and term to estimate the regular monthly repayment, total repaid, and total interest over the life of the loan.
Example calculation
Try a R100,000 loan at 11.5% over five years, then shorten the term. The monthly repayment rises, but the total interest should fall.
Frequently asked questions
- How is personal loan interest calculated?
- A fixed-payment loan uses the principal, periodic interest rate, and number of payments. Fees, insurance, and lender-specific pricing can sit outside this estimate.
- What would my repayment be on a R100,000 loan?
- It depends on the rate and term. Enter both into the calculator instead of relying on a headline monthly number without its assumptions.
- How do extra loan payments reduce interest?
- Extra payments reduce the outstanding principal sooner. That can shorten the term or reduce the interest charged, depending on the lender's rules.
Related financial tools
Estimate only. Results are based on the information entered and applicable assumptions. Actual amounts may differ.