Free Tool

Bond Affordability Calculator

Find out exactly what you can afford before you start house hunting.

Bond Affordability Calculator

Find out exactly what you can afford

R 1 500 000
R500kR5M
10% (R 150 000)
0%50%
11.25%
8%16%

Monthly Repayment

R 14 165

per month

Total Loan AmountR 1 350 000
Total InterestR 2 049 589
Total RepaymentR 3 399 589
Min. Monthly SalaryR 42 495

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Frequently Asked Questions

What interest rate should I use?

The prime lending rate in South Africa is currently 11.25%. Your bank may offer prime minus 0.25% to 1% depending on your credit profile. Use 11.25% as a baseline.

How much deposit do I need?

Most South African banks require a minimum 10% deposit for first-time buyers. However, a 20%+ deposit typically secures better interest rates.

What is the minimum salary required?

SA banks generally require that your monthly bond repayment does not exceed 30-33% of your gross monthly income. Our calculator shows the minimum salary as repayment × 3.

What is a bond originator?

Bond originators like ooba and BetterBond apply to multiple banks on your behalf to secure the best interest rate. Their service is free. They earn commission from the bank.

How long does bond approval take?

Bond pre-approval typically takes 1-3 business days. Final approval after an offer is accepted usually takes 5-10 business days.