Looking for an Instant Bond Repayment Calculator? – Try These!

Looking for an Instant Bond Repayment Calculator? – Try These!

Using an instant bond repayment calculator is a handy tool that allows you to work out the size of the home loan you are likely to qualify for and how much your bond repayments will be.

Some calculators may help you work out the effect of increasing your monthly home loan repayments.

Using these calculators also allows you to see how your monthly home loan premium is split between interest ad capital repayments.

Factors generally used to calculate include purchase price, deposit amount, repayment term and interest rate.

Property 24:

By using Property 24’s instant bond repayment calculator, inputs required include:

Purchase Amount


Deposit Amount

Additional payments

Number of years


This calculator works out the monthly payment, total payments as well as your total interest.

Private Property:

The instant bond repayment calculator from Private Property works out the Loan Value, Total Interest and Total Repayment at a particular interest rate.

When you are buying a home in South Africa, before you can consider how much you will be paying in bond repayments, you need to consider a number of factors as well.

For instance, as a first time home loan applicant in South Africa, you need to fulfil a number of criteria:

You must meet the affordability requirement set by the lender. This affordability depends on factors such as:

  • Applicant’s income
  • Applicant’s monthly expenses

You need to consider your creditworthiness as a major factor in the application process. For instance, if you are a higher credit risk, you can expect to be charged higher interest. If your credit record is quite decent you could expect more favourable interest rates.

During the application process, lenders look at your gross income as well as your income after expenses.

The loan amount you are granted is also dependent on the deposit made. So the more you put down as a deposit, the less you will have to borrow. You have higher chances of loan approval and savings on interest payments if you put down a larger deposit.

Using an instant bond repayment calculator is a good way of preparing yourself for the financial responsibility that comes with getting a home loan.

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