RandRoute · South African money tools
Loan Comparison Calculator
Put two loan offers side by side so a lower monthly payment does not hide a higher total cost.
Calculator inputs
- Loan amount
- Option A annual rate
- Option A term
- Option B annual rate
- Option B term
How the calculator works
Calculate the monthly repayment and total repaid for two offers using the same principal, then compare the effect of rate and term.
Example calculation
Compare R100,000 at 11.5% over five years with a lower-rate seven-year offer. The second payment may be lower while the total interest is higher.
Frequently asked questions
- Should I choose the loan with the lowest repayment?
- Not automatically. Compare total repaid, fees, term, insurance, and the amount left in your monthly budget.
- What does this comparison exclude?
- It excludes lender-specific fees, insurance, settlement rules, and credit assessment. Check the written offer.
Related financial tools
Estimate only. Results are based on the information entered and applicable assumptions. Actual amounts may differ.