Bond Calculator South Africa 2026: Home Loan Repayments and Rates
March 2026 · 8 min read
Quick Answer
On a R1.5 million bond at 11.75% (prime rate) over 20 years your monthly repayment is approximately R16,234. South African home loans are typically priced at the prime lending rate which is the SARB repo rate plus 3.5%.
South Africa Bond Repayment Chart (11.75% Prime Rate)
Monthly repayment guide for common South African bond amounts.
| Bond Amount | 15 Years | 20 Years | 25 Years | 30 Years |
|---|---|---|---|---|
| R500,000 | R5,879 | R5,411 | R5,204 | R5,105 |
| R750,000 | R8,818 | R8,117 | R7,806 | R7,658 |
| R1,000,000 | R11,758 | R10,822 | R10,408 | R10,210 |
| R1,500,000 | R17,636 | R16,234 | R15,612 | R15,315 |
| R2,000,000 | R23,515 | R21,645 | R20,816 | R20,420 |
| R3,000,000 | R35,273 | R32,467 | R31,224 | R30,631 |
Full Costs of Buying Property in South Africa
Beyond the deposit many buyers underestimate the full upfront costs when buying property in South Africa.
| Cost | Amount (on R2M property) | Notes |
|---|---|---|
| Deposit | R200,000-R400,000 | 10-20% of purchase price |
| Transfer Duty | R33,000 | Government tax above R1.05M |
| Conveyancing Fee | R25,000-R40,000 | Attorney transfer cost |
| Bond Registration | R20,000-R30,000 | Attorney bond cost |
| Bank Initiation Fee | R6,037 max | Once-off |
| Total Upfront Estimate | R280,000-R510,000 | Including deposit |
Calculate Your South African Bond Repayment Free
Use our free mortgage calculator — select R South African Rand from the currency menu.
Calculate Bond →Frequently Asked Questions
What is the current prime rate for home loans in South Africa 2026?
The South African prime lending rate in 2026 is approximately 11.25-11.75% (SARB repo rate + 3.5%). First-time buyers with good credit can sometimes negotiate prime minus 0.25-0.5%. Most banks offer rates between prime minus 1% and prime plus 1%.
What deposit do I need for a home loan in South Africa?
South African banks typically require a 10-20% deposit. A 20% deposit gives you access to the best rates and avoids added costs. First-time buyers with good credit may qualify for 100% bonds (zero deposit) though these carry higher rates.
What are transfer costs when buying property in South Africa?
Transfer costs include transfer duty (government tax from R1.05M), conveyancer fees (attorney fees for transferring ownership) and bond registration costs. On a R2 million property expect total transfer and registration costs of approximately R60,000-R90,000.
What is the First Home Finance scheme in South Africa?
First Home Finance (formerly FLISP) provides a once-off housing subsidy of R27,960 to R121,626 for qualifying first-time buyers earning R3,501 to R22,000 per month. The subsidy reduces your bond amount and monthly repayment.
Should I choose a fixed or variable rate bond in South Africa?
Most South African home loans are variable rate linked to prime. Fixed rate options are available for 1-5 years typically at prime plus 0.5-1%. Variable rates have historically been lower long-term in South Africa but carry SARB rate change risk.