Home Loan Calculator
Extra Repayment Calculator
See how extra bond payments can shorten your home-loan term and reduce the total interest you pay over the life of your loan.
Start CalculatingExtra Repayment Calculator FAQs
A few quick answers before you take the next step.
How do extra bond repayments save money?
They reduce the outstanding principal faster, which lowers the daily interest charged and can shorten your loan term significantly.
Are there penalties for paying extra on my bond?
Most South African banks allow a limited portion of extra or early repayments each year without penalty. Always check your loan agreement for the specific limits and any applicable fees.
Can oobalink help me refinance to a lower rate?
Yes. We can submit a refinancing application to multiple banks to see whether switching could reduce your monthly repayment.
What should I do after calculating my savings?
Speak to us about whether a structured extra-repayment plan or refinancing makes sense for your situation and goals.
