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Making a Lump Sum Deposit Calculator

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| How Much Have I Paid Off?

I would like to repay my
home loan over years
Required home loan amount
R
Applicable Interest rate %
I would like to make a Lump Sum
deposit of R
The frequency of my Lump Sum payment(s) will be:
Once-off Annually Half Yearly Quartely Monthly

Your normal monthly installment R
By paying a lump sum of R into my home loan, I will:
Save interest in the amount of R
and pay off my home loan in years
Benefits of making lump sum payments:
Conventional home loan With a Lump Sum payment 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 depends 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.