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Home Loan Calculators
General Home Loan Information
The normal term of a home loan is 20 years, you can opt for a 25 to 30 year home loan, but it is not advisable as you will pay a lot more in interest charges. The only real advantage is that, it does reduce your monthly installments considerably, making it easier for you to get into the property market.
As a single person, the bank will grant you a home loan at a monthly installment of 25% of your gross income, and 30% of your joint income.
Example: Single - Gross Income - R 10000.00 - your monthly installment must not exceed R 2500.00 month.
Joint - you and your spouse -Gross Income - R 15000.00 - your monthly installment shouldn't exceed R 4500.00 a month.
Almost all the major banks in South Africa offer calculators where you can calculate your mortgage payment and some even offer calculators to see how much you can afford. We suggest you use them to work out what you can afford, before submitting your online application.
ABSA Home Loan Calculators
 Estimated Building Replacement Cost Calculator
How Much Have I Paid Off?
Increasing your Installments
Making a Lump Sum Deposit
Take Up a New Home Loan with Absa
Transfering my Home Loan to Absa
Maximum Home Loan Calculator
First National Bank Calculators
HomeLoan Affordability Indicator
Standard Bank Calculators
Home Loan Calculator
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