Compare the full cost of a loan.
Use the calculator to see how the amount and term affect repayments.
Estimate your repayments
Use our planning example to compare amounts and terms. Partner rates may differ.
Interest and fees
- Loan amount
- R 3 000,00
- Interest (3% per month)
- R 181,77
- Once-off initiation fee
- R 250,00
- Service fees (R30/month)
- R 90,00
Fees include VAT. Final payment: R 1 173,93. Rounding can change the final payment by a few cents.
Paid partner link. Opens a new tab. Approval and terms are set by the provider.
This calculation is not a loan offer. Read the assumptions. Your selections are not sent to the partner.
The assumptions behind the numbers
These figures are a planning example. They are not the partner's price list or a credit offer.
- Monthly interest
- 3%On the remaining principal, not on fees
- Once-off initiation fee
- 10%Of the loan amount, capped at R250
- Monthly service fee
- R30For each month of the selected term
Fees include VAT. No credit insurance is included. Fees are spread over repayments; no upfront payment is assumed.
View the repayment scheduleMonthly repayment schedule
Interest decreases as the outstanding principal is repaid.
| Month | Principal | Interest | Fees | Payment | Balance |
|---|---|---|---|---|---|
| 1 | R 970,59 | R 90,00 | R 113,33 | R 1 173,92 | R 2 029,41 |
| 2 | R 999,71 | R 60,88 | R 113,33 | R 1 173,92 | R 1 029,70 |
| 3 | R 1 029,70 | R 30,89 | R 113,34 | R 1 173,93 | R 0,00 |
The final payment reconciles rounding to the cent. A credit agreement sets the actual payment dates.
How to use this estimate
The calculator models R500 to R8,000 over one to six equal monthly periods. It assumes on-time payments, no additional borrowing and no arrears. Interest is calculated monthly on the reducing principal; fees do not earn interest.
The example interest rate is 3% per month, equivalent to a 36% nominal annual rate before fees. It is not an all-in APR. Compare the total repayment and ask the provider for the actual annual rate and all charges in writing.
Early settlement, late-payment charges, collection costs and restructuring are not modelled. The partner's available loan amounts, duration, interest, fees and eligibility rules can differ. Using this calculator does not reserve an offer or submit your selections.
Borrowing responsibly