Debt Consolidation Calculator

Assuming you consolidate your debt into your home loan through taking a new bond, your monthly repayments will reduce but your overall repayments go up if you don't reduce the term of your bond. Take some of your new monthly savings and put it into the bond, see the calculations below, paying attention to the overall amount paid.

Debt Consolidation Calculator

This is an estimation for illustrative use only.

Debt	Loan Amount	Details	Installment	Total Paid
Home Loan		20 years @ 14%	R 0.00	R 0.00
Vehicle Finance		5 years @ 15%	R 0.00	R 0.00
Credit Card		1 years @ 22%	R 0.00	R 0.00
Personal Loan		3 years @ 15%	R 0.00	R 0.00
HP Accounts		3 years @ 25%	R 0.00	R 0.00
Cash Cushion		20 years @ 14%	R 0.00	R 0.00
Total:	R 0.00		R 0.00	R 0.00
	(Total amount of Debt)		(Monthly cost of Debt)	(Overall cost of Debt)

Debt Consolidation Calculator

Please Note: This illustration is calculated at the Prime lending rate (14%), we negotiate the best possible rate for you individually, so you could save even more!

Loan Amount	R 0.00
Number of Years	Years
	Tip: Decrease the number of years to watch your savings grow.
Bond Instalment	R 0.00
Monthly Saving	R 0.00
Total Paid Over Term	R 0.00
Total Savings	R 0.00

15 March 2010 | 02:50:14

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