Bond Busters Rate Calculator ®

Use our Bond Busters Rate Calculator below to check whether you are paying a fair rate of interest.

Follow these 5 steps to see if you're paying to much:

1) Select your loan amount.
2) Select the size of your bond as a percentage of the estimated value of your home.
3) Select your bond repayments as a percentage of your combined household gross monthly income.
For example, with a husband and wife's combined income of R30,000, when their bond repayments are R10,000. Their repayment to income is 33%.
4) Enter your current interest rate.
5) Hit Calculate.

Loan Amount

Loan as % of home value

Repayment as % of income

Your current interest rate

Prime is currently

11%

These figures are purely estimates and are subject credit balance reports, other relevant information and are at the discretion of individual lenders.

Disclaimer: Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Bond Busters adheres to the Banking Code of conduct and complies with FICA regulations.

Buyer Guide

Expert Advice

BondBusters is a member of the IDM Group.

IDM offers integrated financial consultation to consumers on their debt matters by facilitating intelligent solutions between lenders and borrowers.

IDM - Your partner in choosing the right debt solution.

Read more...

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