Loan Calculator & Debt Planner

Debt consolidation loan worth it? Check the instalment, interest and payoff

Five things people in South Africa believe about debt, and how to check each one in a minute.MYTH 1: "A smaller instalment means a cheaper loan."R50,000 at 27% a year over 24 months: about R2,719 a month, R65,256 in total. The same loan over 60 months: about R1,527 a month, but R91,606 in total. The lower instalment costs you R26,350 more. The loan calculator shows the instalment, the total interest and th…