Use realistic numbers
Enter your actual income, expenses and quoted costs.
3. Calculation method
Equal principal repayments with monthly interest on the remaining principal. Use the rate and charges from your quote.
Interest is calculated on the outstanding principal with equal monthly principal repayments. Fees and optional insurance are added separately. Payments may vary by month.
Repayment schedule
Your selected term, using the amount, interest and fees entered above.
Each payment includes principal, interest and charges. The remaining balance shows principal only. Dates are editable examples, not lender due dates.
Can you afford this loan?
Compare the highest monthly payment with your budget.
Available for repayments
A guide only. Allow for other debts and unexpected costs.Compare repayment terms
Same loan amount and rate, over 1, 3 or 6 months. Select a term to update the whole calculator.
Full repayment breakdown
| Month | Payment date | Payment | Interest | Fees | Insurance | Principal | Balance |
|---|
Where does your money go?
Total repayment
Tips for using a loan calculator
Compare the total cost
Look beyond the monthly payment and include all fees.
Check each payment
Review the highest payment and every due date.
Read the lender’s quote
Confirm all terms before accepting an offer.
Frequently asked questions
How accurate is this calculator?
It models the assumptions you enter. Actual lender calculations, payment dates and rounding may differ.
What fees are included?
The initiation fee, monthly service fee and optional monthly insurance amount you enter.
Does this affect my credit score?
Using this local calculator does not submit an application or run a credit check.
Why can payments vary?
Principal is repaid equally each month. Interest falls as the outstanding principal reduces.
Why can a longer term cost more?
Interest and monthly charges apply for more months, even when monthly payments are lower.
Compare loan offers
with a clearer picture
Review loan options and confirm the full costs with the lender.
Compare loan offers- Compare the full cost
- Check the payment schedule
- Choose your next step
PUBLISHED PROVIDER COMPARISON
5 providersCheck your calculator assumptions against providers
The calculator uses your inputs. Verify those inputs against an actual lender quote.
On small screens, scroll the table sideways to compare all details.
| Provider | Published term | Interest and fee basis | Published amount | Before using the estimate |
|---|---|---|---|---|
| CreditZACentury Financial ServicesGet a loan | 1–6 months advertised; calculator minimum differs. Confirm exact schedule. | Daily interest: 0.16% new / 0.10% subsequent; initiation fee and R69 monthly service fee | R500–R8,000 | Use the complete dated quote, including fees and repayment dates |
 Get a loan | Confirm in quote | Obtain a dated quote; published rate descriptions differ | Up to R4,000 | Use the complete dated quote, including fees and repayment dates |
 Get a loan | Confirm in quote | Confirm interest, initiation fee and monthly charges in quote | Up to R8,000 | Use the complete dated quote, including fees and repayment dates |
 Get a loan | Confirm in quote | Interest, initiation and monthly service charges listed; amounts in quote | Confirm with provider | Use the complete dated quote, including fees and repayment dates |
 Get a loan | Confirm in quote | Confirm interest, initiation fee and monthly charges in quote | Up to R8,000 | Use the complete dated quote, including fees and repayment dates |
What to confirm in your quote
Enter all quoted charges and the actual interest time basis. An illustrative estimate is not a lender quote.
Sources: official provider websites and FAQs, linked with source notes in each provider profile. Reviewed 12 October 2026. Unknown terms are shown explicitly; published ceilings are not confirmed matches.