A loan is more than just the money you receive today; it is a commitment of your future earnings. The Loan Repayment Geni helps you strip away the marketing fluff and see the hard math behind your next financial move.
Interest is calculated on the reducing balance of your loan. Even a 1% difference in your interest rate can save you thousands of Rands over a 5-year term. Always compare the Total Interest Payable rather than just the monthly installment.
Lowering your monthly payment by extending the loan term (e.g., from 3 to 6 years) feels easier on your pocket today, but it significantly increases the total cost of the loan. Use this tool to find the "Sweet Spot" between affordability and total cost.