Additional Instalments Savings Calculator / Increasing your Instalment Calculator / Mortgage Calculators / Bond Switching Calculator / Lump Sum Deposit Calculator / Instalment Increase Calculator / Paid off Calculator
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Increasing Your Installments Calculator

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Instalment Increase Calculator
| How Much Have I Paid Off?

My Original Repayment Term years
Required home loan amount
R
Applicable interest rate %
I would like to increase my monthly
instalment by
R
Normal Instalment
R
By paying an additional monthly amount of R
My new instalment will be: R
I will save interest in the amount of R
Paying off my home loan in years
Benefits of paying increased instalments:
Conventional home loan With an increased instalment Benefit/Saving
Term (Years)
Total Repayments (Rands)
Apply

You've done the groundwork, now apply
DEFINITIONS
My total gross monthly income: Your gross monthly income is your total monthly income before taxes or expenses are deducted.
Concession: A discount to the Mortgage Lending Interest Rate. The discount granted depands on various factors, such as the loan amount, the loan amount relative to the property value, etc
Customer Rate: The interest rate charged on the loan after a concession has been granted (if applicable).

DISCLAIMER
While every effort has been made to ensure the accuracy of all calculators, no responsibility can be accepted for errors or omissions however caused. No responsibility for any loss occasioned to any person acting or refraining from action as result of material in this programme is accepted by Absa Bank Limited.