Loan Repayment Calculator
Estimate your monthly repayments and total loan cost before you apply. Adjust the amount and term to find the perfect fit.
Loan Calculator
Estimate your monthly repayments instantly
Rate based on loan amount and term. Actual rate subject to credit assessment.
Monthly Payment
This calculator provides estimates only. Actual repayment amounts may vary based on your credit profile and affordability assessment. Interest rates range from 5% to 29.25% p.a. as per the National Credit Act. Fees shown are indicative and subject to NCA maximums.
Understanding Your Loan Costs
Interest Rate
Your interest rate depends on your credit profile, loan amount, and term. Rates range from 5% to 29.25% per annum as regulated by the National Credit Act. The rate shown in the calculator is indicative and your actual rate will be confirmed during the application process.
Initiation Fee
A once-off initiation fee is charged when you take out a new loan. This fee is regulated by the NCA and is calculated based on your loan amount. The initiation fee can be added to your loan balance and repaid over the term of the loan.
Monthly Service Fee
A monthly service fee is charged for the administration of your loan account. This fee is regulated by the NCA and is currently capped at R69 per month.
Total Repayment
The total repayment is the full amount you will pay over the life of the loan, including the principal, interest, initiation fee, and all service fees. This gives you a clear picture of the total cost of borrowing.
Not Sure How Much You Can Afford?
Use our Affordability Calculator to find out the maximum loan amount based on your income and expenses — before you apply.
Try the Affordability CalculatorImportant Disclaimer
This calculator provides estimates only and should not be considered as a formal loan offer or quote. Actual repayment amounts, interest rates, and fees may vary based on your credit profile, affordability assessment, and the specific loan product you qualify for. All loans are subject to approval in terms of the National Credit Act (NCA) 34 of 2005. RandCash is an informational resource and does not provide loans directly. Rates shown are indicative.
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