Let’s calculate what your monthly home loan repayments will be.

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I am keeping a bottle of champagne especially for the Bondspark team.
– Benjamin Molotsi
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REPAYMENT CALCULATOR
What is my monthly repayment?

Property purchase price
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Purchase price

When calculating your home loan, use the price of the property you’re hoping to purchase.

Remember that the bank is granting you a loan specifically for the property you’re hoping to purchase (they will send valuators to make sure this price is fair).

You can’t get a loan worth more than the value of the property itself.

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Deposit
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Deposit

Remember that getting a 100% loan is very rare (but not impossible). It is most likely you will have to pay a deposit; the average deposit is around R100,000 to R300,000.

The bigger your deposit, the lower your monthly repayment will be since your loan you will be taking will be less.

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Home loan repayment over
20 years
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5 years
10 years
15 years
20 years
25 years
30 years
at an interest rate of

10.00%
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Prime
10.00%
12% of our home loans were issued at this interest rate of 10% - 10.25%
Monthly Repayment
R 11,580 p/m
Total repayment: R 2,779,262
THE DIFFERENCE ONLY 1% MAKES
10.00%
Interest Rate
Monthly Repayment
R 11,580
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9.00%
Interest Rate
Monthly Repayment
R 10,797
Save R 784 p/m, that’s R 188,052 in total
Apply now
Ready to complete your application for a home loan right now?
Bondspark is one-of-a-kind and one of the first to facilitate the entire application process online. Amazing right? But this is a serious process. Make sure to follow the instructions.
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Note that this is the actual application and not a  pre-qualification, make sure you are ready.
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