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

11.75%
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Prime
11.75%
10% of our home loans were issued at 11.75% - 12%
(*adjusted for changes in prime interest rate)
Monthly Repayment
R 13,004 p/m
Total repayment: R 3,121,075
THE DIFFERENCE ONLY 1% MAKES
11.75%
Interest Rate
Monthly Repayment
R 13,004
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10.75%
Interest Rate
Monthly Repayment
R 12,183
Save R 822 p/m, that’s R 197,215 in total
GET PREQUALIFIED
Maybe you could afford a mansion after all?
A pre-qualification is like proof to show that you can afford your dream home. It makes the seller happy, the banks happy, your mom proud – just general happiness all around.
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If you’re not the “jump-right-in” type – look around! it might be a good idea to see what you can afford first.
We love our clients, and they love us.
What's not to like about that?

Apply now to up to 7 financial institutions

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Apply for a home loan
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We’re a social bunch, get in touch — let’s chat.
Get a home loan specialist to call you back and answer any questions you still might have.
Full name:
Phone Number:
+27
Email:
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We respond within one business day, so keep an eye on your mobile. Or message us at hello@bondspark.co.za