Property Calculators
Plan your property purchase with confidence. Calculate your bond repayments and see how much you can afford.
Entered: R 2 000 000
*Disclaimer
Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Real Estate Connect does not accept liability for any damages arising from the use of this calculator. Transfer duty is applied per the SARS 2026 sliding scale; bond registration and attorney fees follow the Legal Practice Council recommended tariff. Consult a registered conveyancer for a firm quote.
How are home loans calculated?
When it comes to applying for a home loan, South African banks will, typically, allow you to qualify for a home loan repayment of up to 30% of your joint, gross, monthly income i.e. your total joint income before tax and expenses have been deducted. This rule ensures that banks adhere to responsible credit lending as mandated by the National Credit Act of South Africa.
The next item that banks will look at is your net monthly income minus your total monthly expenses. The banks want to see that your disposable income will cover the monthly repayments of the home loan.
Make use of our affordability calculator above to find out what your estimated home loan amount will be. We have set the default interest rate to the current prime lending rate. Based on your credit profile, South African banks may choose to give you an interest rate either higher or lower than the prime lending rate. A small change in your interest rate can have a significant impact on your final home loan amount. It is very important to keep this in mind when estimating the amount for which you qualify.
Tips for First-Time Buyers
Save for a Deposit
A 10-20% deposit can significantly reduce your monthly repayments and help you secure a better interest rate.
Check Your Credit Score
A good credit score improves your chances of bond approval and can get you a lower interest rate.
Budget for Extra Costs
Remember to factor in transfer duties, attorney fees, and moving costs—typically 8-10% of the property price.