Calculators

This auto lease vs buy calculator will help you understand the costs of both options. Making the decision between leasing and buying a car can be challenging. Whatever the calculator outcome indicates, you must decide whether you will be keeping the car for a long time or just want something to go by for a few years. Both options have their own financial implications, and the right choice depends on your lifestyle, budget, and long-term goals. Benefits of Leasing a Car Benefits of Buying a Car

Before considering you take a new line of credit, look at your debt-to-income ratio first. It’s always easy to miss important expenses your salary must handle when see how much loan you afford. An Experian report indicates and advises us to keep our debt-to-income ratio just under 35% to live comfortably. While affording the debt monthly installment is one thing, you must also consider how much money you’ll be losing through interest rates that could have been spent elsewhere important.

Value your options to rent vs buying a house with our free calculator below.

See how your interest rate changes between months with our free amortization calculator. I used to just log in to the banking app to see how much interest got charge last month, whether it’s gone up or down depending on the repo changes that happen in the country. Check the example below for my bond or mortgage, this calculator will show you exactly how much principal vs interest you’re paying every month – not motivating of course when you realize only paid R178 toward your principal amount from your R6,428.83 installment.

A simple loan interest calculator you need before committing to an application. At the end of the day, you must decide whether to take a loan for an important and urgent expense or wait until you have saved for it. Banks and other lenders are for-profit businesses, so interest becomes the value they sell to you for borrowing money, and it’s not cheap. So seeing the total interest charged on any amount, whether could be a loan, credit card, vehicle finance, or anything else, can give you a better understanding to make the right decision.

Already in credit card debt? See when exactly will you payoff the outstanding debt without free credit card payoff calculator tool. I think knowing when you’ll finish paying off your credit card debt is key to planning and budgeting for a quicker repayment. Play around with our credit payoff calculator, increase or decrease your current monthly installment amount, and see if it affects your due date in any way. I had R160,000.00 credit card debt with FNB that I used to build my mother’s house in the village in Limpopo and recently paid it off, although, it took me longer than anticipated and a lot of stressful calculations. But since using this calculator, I was able to pay it off quicker because I knew exactly how much I need put as extra to finish by when. It’s even worse because I didn’t know the interest charged on my interest, I ... Read more

Our free bond affordability calculator will show you the bond amount your salary could qualify for. A very useful tool to help you understand how much bond your salary can afford or what salary you need to reach, to qualify the bond of your dream house. I have a bond with FNB and let me tell you, the only question I had in 2018 to my real estate agent with my R18,700.00 salary was how much will be my monthly installment for 25 years. That was not a great approach, I should have done my research prior and know my numbers because there’s more that goes with a bond application such as initiation fees, paying attorneys to help process the application, and so on. I was just excited would be owning a house and then later realized my salary didn’t actually afford me to stay at the house and opted ... Read more

This balloon payment calculator will show you the impact of this option when purchasing a car on finance. When I bought my first car on finance with Wesbank, I knew taking a balloon payment will affect my finances negatively in the name of having affordable monthly installments. To me, it didn’t make sense other than if I took a balloon payment, it definitely meant I couldn’t afford the car I wanted to buy. I obviously don’t mean to discourage you with my experience but see it this way, you took a balloon payment for a smaller monthly installment however still need to save extra money to pay later as a lump sum to settle the car finance credit. Don’t take my word for it, simply use this calculator, see the numbers yourself and make a suitable decision.

See the power of a compound interest calculator below. This calculator will help you see the return on your long-term investment and savings. If you’re just starting to invest or save for the future like me, you must consider reviewing the numbers for a better understanding of your goals. Compound interest is the interest calculated on both the initial principal and the accumulated interest from previous periods. This means that over time, your money grows at an increasing rate because interest is earned on interest. How It Works