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AfriTaxCalc

R2,300.98 a month

Workings

Loan repayment calculator

Work out the monthly repayment and the total cost of a loan, see what paying extra or settling early saves, and check the rate against the National Credit Act's legal maximum.

Repo rate 7.25% from 25 September 2026Checked against the NCA regulations · 23 October 2026

Monthly repayment

R2,300.98

Repaying R100,000.00 over 60 months at 13.5% costs R2,300.98 a month: R138,059.21 in all, of which R38,059.21 is interest.

Total interest
R38,059.21
Total cost
R138,059.21
Paid off in
5 years

Within the legal maximum for unsecured personal loans (28.25%: the repo rate of 7.25% plus 21%).

Your loan

As your quote shows it.

Sets the legal maximum rate and fees.

Updates as you type. Nothing leaves your browser.

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Workings

Amount borrowedR100,000.00
Monthly rate13.5% a year ÷ 121.125%
Monthly repaymentlevel payment over 60 months, to the centR2,300.98
Last payment (month 60)clears the balance exactlyR2,301.39
Interest over the loaneach month's interest rounded to the centR38,059.21
Total costR138,059.21

Uses the National Credit Regulations' maximum rates and fees, and the repo rate of 7.25% from 25 September 2026. Checked 23 October 2026; see the numbered sources. Estimates for guidance only, not tax or financial advice. We don't offer credit or arrange loans.

How the repayment is worked out

South African lenders quote an annual interest rate and charge it monthly, so the monthly rate is the annual rate divided by 12. Each month’s interest is charged on what you still owe, and the level repayment is the amount that clears the loan, interest included, by the end of the term.

The legal maximum

The National Credit Act caps interest rates by type of credit, as a margin over the Reserve Bank’s repo rate: home loans at repo plus 12%, unsecured personal loans at repo plus 21%, and so on. It also caps the initiation fee and the monthly service fee (R60). The calculator tells you if a rate or fee you type is above the cap.

Paying early

You can pay extra, or settle the whole loan, at any time without a penalty. On large agreements, which include every home loan, the lender may add up to three months’ interest when you settle, less any notice you give.

We don’t offer credit, arrange loans or recommend lenders. If you’re struggling with debt, the National Credit Regulator can point you to a registered debt counsellor.