Governor Gill Marcus presented everyone paying either a mortgage loan or car loan with some great news yesterday , the MPC has cut the repo rate by 50 basis points (0.5%) reducing the rate to 6.5%.  The move was generally unexpected and took [...]

You have found your dream home and everything seems perfect, now comes the crunch, How to come up with the cash for your new home? Buying a home is the biggest investment most of us will make during our lives, how to pay for this investment therefore requires some thought.
Depending on your financial situation you [...]

Its always a good idea to find out how much mortgage loan you qualify for before making an offer on an home , banks typically base this on your income and your current monthly expenditure which includes living expenses and debt repayments.
Before the implementation of the National Credit Act (NCA) in June 2007 banks and [...]

Good news for consumers and anyone with debt , the Monetary Poilicy Committee (MPC) of the South African Reserve Bank (SARB) cut the Repo rate by 100 basis point. This is pretty much in line with what the markets were expecting and equities and the Rand all responded well to this positive news.
Reserve Bank Governor [...]

Mortgage originators are relatively new players in the South African home loan market, making their appearance in the mid 1990s.

Loan Amount (R)

Term (years)

Interest Rate (%)

Monthly Payments (R)

Notes on Using the Mortgage Payments Calculator

This calculator will calculate your monthly mortgage repayment over the mortgage term.
The loan amount is the amount that you intend borrowing from the bank , if you are paying a deposit the loan amount will be the total [...]