Extra repayment
+R168 / month
R9,984 before → R10,152 after · +R2,022 / year
Interest rate hike impact calculator
See how much a
variable-rate
instalment rises when rates move. Defaults follow the Sep 2026 SA prime
hike (10.50% → 10.75%), after the repo rate
moved from 7.00% to 7.25%.Your loan
Bond examples in the article use 20 years remaining on an amortising loan at prime.
Rates
Default increase is 0.25% (this hike). Turn off "linked to prime" to edit freely.
Results
Monthly payment before
R9,984
Monthly payment after
R10,152
Extra per month
+R168
Extra per year
+R2,022
Uses a standard amortising payment formula. Estimates only. Your bank may use different day-count, fees, or rate reset timing.
What to do next
Read the plain-language walkthrough of this hike, then stress-test a full payoff plan if several debts moved at once.
Assumptions
- Default bond scenario: outstanding balance at prime, 20 years remaining, fully amortising. That term reproduces the published illustrative bumps of about +R168 / +R337 / +R505 to +R506 per month on R1m / R2m / R3m.
- Sep 2026 move used for defaults: repo 7.00% → 7.25%; prime 10.50% → 10.75%.
- Credit cards and overdrafts often reprice too, but they are not amortising instalment loans. Use this tool for bonds, car finance, and personal loans with a remaining term.
A planning tool, not financial, credit, or legal advice. Actual bank terms and fees differ.
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