Bond Amortisation Calculator
Calculate what percentage of your payment goes towards paying off your bond and what percentage goes towards interest.
Total interest paidR 0
Monthly bond repayment breakdown
|No.||Payment Amount||Interest Amount||Capital Reduction||Balance Due|
* Terms and conditions apply
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.
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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.