Loan Calculator
Estimate your monthly repayment and see what your loan will cost in total – including the initiation fee and monthly service fee that South African lenders charge.
Loan details
The National Credit Act caps the interest rate on unsecured loans at 28.25% per year (repo rate + 21%).
Cost breakdown
Where your money goes
Please note: This is an estimate. Your actual interest rate and fees depend on the lender and your credit profile, and credit life insurance may be added. Before you sign, the lender must give you a pre-agreement statement and quotation showing all costs.
Representative example: Loan amount R50,000 over 36 months at an annual interest rate of 28.25%, an initiation fee of R1,208 (added to the loan) and a monthly service fee of R69. Estimated monthly repayment R2,194. Total repayment approximately R78,986.
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