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Personal Loan Calculator for South Africa

Calculate monthly repayments for unsecured personal loans from South African banks and credit providers. Compare affordability across different loan amounts and terms.

What are your loan details?

R
%
R

What will your repayment be?

Monthly Repayment

R 9 983,80

per month

Total Interest

R 1 396 111,73

Total Cost

R 2 396 111,73

Principal 42%Interest 58%

Loan Summary

Monthly Payment
R 9 983,80
Principal + Interest
Total Repayment
R 2 396 111,73
Over 240 months
Total Interest
R 1 396 111,73
139.6% of loan amount
Loan Amount:R 1 000 000,00
Deposit:R 0,00
Amount Financed:R 1 000 000,00
Effective Annual Rate:10.50%

Loan Amortisation Chart

Adjust any value to unlock advanced payment analysis options
Important Note About Interest Rates
Our calculations assume the interest rate remains constant throughout the loan term. For variable rate loans (like most bonds), your actual monthly payments may change if interest rates rise or fall during your loan period.

Results shown are estimates for financial planning purposes only and do not constitute financial advice, a credit quote, or an offer of credit. Rates depend on your credit profile and lender. CalcLoan is not a registered financial services provider. Please consult a qualified financial advisor or contact your bank directly before making financial decisions.

Personal Loan Information

Personal loans in South Africa are unsecured, meaning no collateral is required, but interest rates are higher (typically 12-28%) than secured options. Banks like FNB, ABSA, Standard Bank, Nedbank, Capitec, and African Bank offer personal loans from R10,000 to R500,000. The National Credit Act limits your monthly repayments based on your income and existing debt obligations. Use our calculator to find a repayment plan that fits your budget.

Typical Ranges
Typical personal loan amounts range from R10,000 to R500,000 with interest rates between 12% and 28%.

What can this calculator work out?

  • Unsecured personal loan calculations
  • Debt consolidation planning
  • Emergency loan repayments
  • Personal loan affordability calculator
  • Monthly payment comparison tool