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Deposit Savings Calculator

Calculate how much you need to save and for how long, in order to pay a deposit on your dream home.
Speak to an ooba expert about securing a zero deposit bond.

  • Please specify a date that is not in the past, and more than a month in the future.
    YYYY dash MM dash DD
Deposit goal
R 0
Monthly saving amount
R 0
Total savings required
R 0

* 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.

Home Loan Deposit Savings Calculator FAQs

  • Will all banks require a deposit?

    Some banks will require around 10% to 15% deposit, on average towards the purchase price of your property.

  • Will a deposit guarantee approval?

    Whilst we can not guarantee approval, having a deposit available can certainly improve your chances of securing a home loan and a better rate.

  • Does a deposit get me a better rate?

    Yes, the higher the deposit, the less risk for the bank and the greater likelihood of a better rate.

  • Can I get a zero deposit loan?

    All banks now offer 100% loans, subject to certain criteria being met.

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?

Getting Pre-approved by ooba

Use our calculators

* 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.