THE ENDLESS POSSIBILITIES
Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
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Loans
Find the right loan for you
Need a loan? Find personal and Credit Card Consolidation Loans, Debit Consolidation Loans, House Loans
, Emergency Loans with
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Secured loans
A secured loan, sometimes called a homeowner loan, is just that. It’s a loan that’s ‘secured’ against your property, and for that reason is only available to people who own their home.
Secured loans
An unsecured loan, on the other hand, isn’t tied to anything but you, and that’s why it’s commonly known as a personal loan.
. The sums on offer might be lower but so is the risk as your home isn’t on the line. However, because there’s less at stake for you, lenders will run more stringent credit checks before handing out any money, and so securing a personal loan could be trickier (although certainly not impossible) if your credit score isn’t as peachy as you’d like.
What is a loan?
Let’s strip it right back to basics - a loan is a lump sum of money you borrow from a lender. You decide how much you need and along with your personal circumstances, that’ll dictate which type of loan you apply for. Once you’ve set the loan amount, you agree with your lender how much you’re going to pay back each month, including interest, and over what period of time
How to get a loan online
The process of getting a loan online will vary slightly from lender to lender, but with us it’s super straightforward and looks like this:
- Tell us how much you want to borrow and how long you need to pay it back
- Give us a few personal details like your name, address and employment status
- We’ll then run an eligibility check (which won’t affect your credit score)
- find out if it’s a ‘yes’ or ‘no’ there and then.
Credit scores can be a confusing subject, as there is a lot of conflicting information about them out there. Our handy guides will set the record straight. We’ve got all you need to know – from what the difference is between your credit score, credit report and your credit history, to how lenders use them when you apply for a credit card, loan, mortgage, mobile phone contract, tenancy agreement or even pay monthly home or car insurance.
We’ll explain what makes a good credit score, and, if your credit history isn’t 100%, we have got a number of hints and tips on what you can do to improve it.