These bond repayment calculators are free for you to use online. They will help you work out what you can and can’t afford to pay on a bond.
A good bond repayment calculator will be very accurate and will ask for all the relevant information. It should also work quite quickly and not leave you waiting while it calculates and loads.
Many property and banking websites offer free bond repayment calculator tools on their websites and you could, of course, make use of any one of these.
What is a bond repayment calculator?
A bond repayment calculator is an online tool that works out what your monthly payments will be. On a specific bond quote that you have been given by a financial service provider.
The calculator does this through asking for the total loan amount, the interest rate and the duration of the loan. The bond repayment calculator may also tell you what your maximum home loan amount could be. Based on your gross monthly income.
This is very valuable information to be able to calculate quickly.
What is the benefit of calculating your bond repayments online?
If you are looking to take out a bond, you will probably be shopping around for different bonds with different financial service providers. This is a wise thing to do as you can be sure of finding the best interest rate. And the best overall bond if you take your time to look carefully for the right one.
When financial service providers send you a quote for a bond, you will want to be able to work out your bond repayment costs for each quote.
Doing this with an online bond repayment calculator means getting an accurate figure very quickly. You will also be able to work your bond repayments out at any time of the day or night in the comfort of your own home. So you won’t have to try to work things out with a calculator and a piece of paper. Also you will not have to make long and tedious phone calls.
You can simply receive the bond quotes on your email to your computer and then very quickly and efficiently work out what your bond repayments will cost using a bond repayment calculator online. Nothing could be simpler!
Three good bond repayment calculators online
There are many different companies and websites that offer free online bond repayment calculators. Most financial service providers (like Standard Bank and First National Bank) who offer bonds will also offer a free bond repayment calculator on their websites for their clients to make use of.
Most property agents who sell homes will also offer a free bond repayment calculator tool on their websites for clients to use if they want to. You could always use the bond repayment calculator on your financial service provider’s website or on your property agent’s website.
However, the following are three websites that offer three of the best bond repayment calculators that can be found online. They are listed in no particular order.
- B Up
This company has a very efficient and fast working bond repayment calculator that they offer to clients. You can visit them at www.b-up.co.za to find out more information or to go directly to the bond repayment calculator you can simply go to http://www.b-up.co.za/test/sp/pc1.htm.
- Bond Busters
Bond Busters has a great many tools, services and products to offer anyone looking into getting a bond. You can find more information at www.bondbusters.co.za or, to go directly to the Bond Busters bond repayment calculator.
- First National Bank (FNB)
First National Bank is a reputable, large and well-known financial service provider that offers a great many financial services and products as well as great financial advice. They have a very accurate and easy to use bond repayment calculator. You can visit First National Bank’s website at www.fnb.co.za.