Personal Loan Calculator South Africa 2026
Last updated: June 2026 · Affiliate disclosure
See exactly what your loan will cost before you apply. Adjust the amount, term and interest rate to calculate your monthly repayment, total interest and total cost of credit — all under NCA rules.
Calculate Your Loan Repayment
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Find the right lender for your situation — fast payouts, bad credit options, and amounts up to R250,000.
Fasta — Minutes → Lime Loans → Wonga → uApply — Up to R250,000 → Compare all lendersHow to Read Your Loan Calculator Results
| Term | What it means |
|---|---|
| Monthly repayment | The amount you pay each month including principal, interest and service fee |
| Total interest | The total interest charged over the full loan term |
| Total fees | Initiation fee (once-off) plus monthly service fees over the term |
| Total cost of credit | Total interest + total fees — this is what borrowing actually costs you above the loan amount |
| Total repayable | Loan amount + all interest + all fees — the total you pay back |
Example Repayments at NCA Maximum Rates
| Loan Amount | Term | Monthly Repayment | Total Cost of Credit | Total Repayable |
|---|---|---|---|---|
| R1,000 | 1 month | R1,326.50 | R326.50 | R1,326.50 |
| R3,000 | 3 months | R1,619.17 | R857.50 | R3,857.50 |
| R5,000 | 3 months | R2,519.17 | R1,257.50 | R6,257.50 |
| R8,000 | 6 months | R2,016.75 | R4,100.50 | R12,100.50 |
| R20,000 | 24 months | R1,294.58 | R11,070 | R31,070 |
| R50,000 | 36 months | R2,063.75 | R24,295 | R74,295 |
Short-term examples use NCA maximum rates. Larger amounts use repo rate + 21% per year (approximately 22.75% per year at current rates). Actual rates vary by lender and applicant profile.
Frequently Asked Questions
How is my monthly repayment calculated?
Monthly repayment = (Loan amount × monthly rate) / (1 - (1 + monthly rate)^-term) + monthly service fee. The initiation fee is typically added to the loan balance or charged upfront.
What is the NCA maximum interest rate?
Short-term loans under R8,000 with terms under 6 months: 5% per month. Personal credit agreements for larger amounts: repo rate + 21% per year (approximately 22.75% at current rates).
Are these NCA fees always charged?
Lenders can charge up to the NCA maximums but don't have to. Some lenders charge lower rates or waive fees for good credit profiles. Always request a pre-agreement quote to see the exact costs before signing.
Can I repay my loan early?
Under the NCA, you have the right to settle any credit agreement early. The lender can charge a settlement fee but cannot penalise you for early repayment. Early settlement reduces your total interest cost.
Disclaimer: PrimeCompare is a comparison and information service. This page does not constitute financial advice. All lenders listed are NCR-registered and NCA-compliant. Always read the pre-agreement quote before signing any credit agreement.