Every month, for 24 months
R4,801.29
- Borrowed
- R100,000
- Interest + fee
- R15,231
- You repay
- R115,231
14% a year. For every R100 borrowed you pay back R115.
Month by month
- pays off the loan
- interest
- still owed
Loan calculator South Africa: monthly repayments
interest per year · no upfront fee{}
{"repay":4801.29}
{"rate":14}
Loan
South Africa · TapTip Tools
No. D4B495
11 Oct 2026 09:07
Monthly repayment
R4,801.29
for 24 months
- Borrowed
- R100,000
- Rate
- 14% a year
- Interest
- R15,231
- Fee
- R0
- You repay
- R115,231
Year by year
| Interest | Paid off | Still owed | |
|---|---|---|---|
| Year 1 | R11,090 | R46,526 | R53,474 |
| Year 2 | R4,141 | R53,474 | R0 |
- The loan costs you R15,231 on top of what you borrow.
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Good to know
Questions people ask
How is the monthly repayment worked out?
With equal monthly payments (an amortised loan), the usual way banks lend. Early payments are mostly interest; later ones mostly pay off the loan, as the yearly table shows.
Why should I include the fee?
Many lenders charge an arrangement or insurance fee as a percentage of the loan. It is part of what the loan costs you, so two offers with the same interest rate can cost very different amounts.
Is the rate monthly or yearly?
Either: choose "a year" or "a month" next to the rate. Banks usually quote a yearly rate; short-term lenders and microloans often quote a monthly one, which is much more expensive than it sounds: 10% a month is 120% a year.
How do I work out a one-month loan?
Set the months to 1 and pick "a month" if the lender quotes a monthly rate. K20,000 at 30% a month is K26,000 to repay at the end of the month: K6,000 of interest.