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Amortisation Calculator

Calculate what percentage of your payment goes towards paying off your bond and what percentage goes towards interest.

Total interest paid
R 0
Monthly bond repayment breakdown

* Terms and conditions apply

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Please Note: The interest rate displayed here is the current, national, prime interest rate, as set by the South African Reserve Bank. The interest rate offered by your bank when applying for a loan may vary.

Bond Amortisation Calculator FAQs

  • What does the calculator show?

    The amortisation calculator will give you a clear picture of how much your loan reduces by, every month, over the full period of the loan and what portion is used to repay interest and what portion pays for the house.

  • What happens if my rate is not fixed?

    The calculator uses a fixed interest rate. If your interest rate varies as prime changes, the contribution to interest will increase or decrease.

Why you should get pre-approved

ooba’s pre-approval allows you to check your credit score and assess how much you can afford.

  • Shop with confidence

    Knowing your credit score allows you to address any issues before applying for a home loan.

  • Know how much you can afford 

    ooba considers your financial information in the same way a bank would, to give you an accurate assessment of what you can afford.

  • Get the competitive advantage

    Sellers are more likely to accept an offer from someone who has proof that they can afford to buy.

  • Sign a sale agreement with peace of mind

    Pre-approval protects you from putting in an offer on a property you can’t afford. Why risk disappointment?

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* Terms and conditions

Although every effort has been made to ensure the accuracy of our calculators, ooba (Pty) Ltd. and its subsidiaries accept no liability in respect of any errors contained herein. Under no circumstances will ooba (Pty) Ltd and its subsidiaries be liable for any loss or damages whatsoever arising from the use of this calculator.