- Building replacement cost
It will ask for certain details about your house and you will be able to easily make a prediction of the cost involved.
- Increasing installments
Easily you can calculate your net benefits and losses by entering increased EMI amount. It makes you take a wise decision.
- How much is paid off
This helps you to give an understanding of your current financial position by showing you the amount , interest you have paid and your pending amount to pay off.
- Making a lump sum deposit
This is useful if you want to know the amount you will save in interest charges by paying a lump sum amount quickly.
- Monthly repayments
This is the most common question which arises in every loan applicant's mind. It helps you to calculate your monthly EMI's.
- Taking up a New Home Loan
This is beneficial for an applicant who wants to apply for a new home loan as it gives a complete details of the cost involved in it.
- Tranfer Home loans to ABSA
If you want to tranfer your home loan to Absa and want a breakdown of the cost involved then you can get your answer here.
Home Loan Repayment Calculator
|The installment will not include any processing fee or charges which are applicable as per the rules of finance providing Authorities. |
Using any of the above mentioned calculators are very made simple. All you have to do is enter the estimated amount you wish to avail as housing loan, the rate of interest agreed upon and the loan tenure. In some calculators you might also have to enter the monthly net income and your monthly expenses. The amount of the house or the property you wish to avail also should be included. The bank finances 95% of the actual value of the property. The home loan repayment calculators can be used a number of times. If a customer is not satisfied with the amount shown in the calculator, he/she can re-enter all the details asked and calculate the same again.
With the help of the home loan calculator, the repayments can be calculated in advance. This mentally prepares a home loan borrower to avail a particular housing loan as all the estimated repayments are given to him/her beforehand. Looking at the amount flashed in the calculator, it can then be decided whether to go in for a housing loan or not. The amount shown in the calculator might not be the final amount as it is just an estimated amount. For the current applicable rates it is always better to contact the bank directly. The bank home loan specialists are available on the helpline number 0800 414 141.
For more information on the ABSA home loan calculator or to use the repayment calculator and make your estimated calculations you can log on to the link given below: