Home loan amount: R 0
Interest rate: 10.5%
Interest paid over term: R 0
Interim interest provision: R 0
A switch allows you to move your existing home loan to another lender and potentially access extra cash at the same time. The calculation considers your current outstanding balance, any additional cash you want to take out, the property value, and whether you choose to capitalise setup fees.
By comparing the new loan amount, monthly instalments, and total interest, you can evaluate if switching improves your monthly cash flow or saves money over the term of the loan.
Supporting professional training, industry learning, and skills development for property practitioners.
Promoting financial awareness and trusted decision-making.
Connecting with established real estate standards and development.
Helping professionals grow through learning and practical industry training.
Supporting compliance, trust, and professional standards in property practice.