South African loan calculator: see the full example cost
No account, no email address, no ID number. Choose a loan model, an amount and a term, and see every component of the price, the full schedule and the dates. Download it if you want to compare it with an actual lender’s quotation. The result is an illustration, not that provider’s offer.
What would it cost?
Illustrative calculation using the assumptions below. It is not a quote from the external provider; its pricing, eligibility and terms may differ.
One repayment of R3 056.25 on 31 October 2026.
- You receive
- Interest
- Fees incl. VAT
- Paid into your account
- R2 500.00
- Interest at 5% per month
- R125.00
- Initiation fee (incl. VAT)
- R362.25
- Service fee (incl. VAT)
- R69.00
- VAT included in the fees
- R56.25
- Cost of credit
- R556.25
- Total to repay
- R3 056.25
This model assumes fees are not deducted from the advance or added to principal. This is a rand total for 30 days, not an annual percentage rate. Pricing version ZA-BLUCROSS-2026-09. How the cost is built up
How to read the result
- Total to repay is the full scheduled repayment in this example. Compare it with the total on an actual lender’s quotation.
- Cost of credit is that total less the amount you receive. On the R2 000.00 example it is R473.75.
- Instalment is what leaves your account on each date. Two loans with the same instalment can have very different totals.
- Instalment amounts can vary as insurance premiums fall with the outstanding balance. Rounding can also change the final payment. Check each row of the schedule.
What the estimate assumes
- That the example starts on the date shown — today in South African time if it is a working day, otherwise the next working day. This sets the example schedule; an actual provider may use different dates and interest conventions.
- That every instalment is paid on time. A missed instalment adds cost that no estimate can predict.
- That the modelled amount is paid in full. A provider may approve a different amount or decline an application.
- That any selected discount applies only to this hypothetical scenario. It is not an earned benefit or confirmed offer.
Pricing version ZA-BLUCROSS-2026-09.
This is an estimate, not an offer
An estimate is not an approval and not a personal quotation. The external provider decides eligibility and pricing. Read its actual pre-agreement statement and quotation before accepting an offer.
Where each rand of the total goes
| Part | How it is worked out | In the R2 000 / 30 day example |
|---|---|---|
| Amount advanced | Paid in full to your account, with nothing deducted | R2 000.00 |
| Interest | 5% a month in the standard example or 3% with the lower-rate switch, before any hypothetical discount | R100.00 |
| Initiation fee | R165 plus 10% of the amount above R1 000, capped at R1 050 and at 15% of the principal, before VAT | R304.75 |
| Service fee | R60 a month before VAT, pro-rated by days in the single-repayment model | R69.00 |
| VAT | 15% on both fees, already inside the amounts shown | R48.75 |
| Credit life cover | R4,50 per R1 000 outstanding per month when insurance is selected | Not included |
| Total to repay on one date | R2 473.75 | |
Standard-rate example starting 1 October 2026. The R5 000 monthly-repayment model over 5 months on the same basis, with credit life cover included, totals R6 838.82.
Compare the term as well as the total
A monthly interest rate is not an annual percentage rate. This calculator shows a rand total over the selected term. When comparing actual quotations, consider the total, schedule, fees, insurance and any APR supplied by the provider. A lower monthly payment over a longer term can still cost more overall.
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