Personal loan
calculatorUse our calculator to work out your
estimated monthly repayments.

Calculate your monthly instalment for a personal loan

There are several factors to consider when choosing a personal loan, but loan amount is the most important. Along with loan term, the amount you borrow will determine your monthly instalments and the total cost of your loan. Use our simple personal loans repayment calculator to get an estimate of the monthly instalment of a loan of a certain size and term.
Details of your loan

Note: The results should be used as an indication only

How the personal loan calculator works

Use our personal loan calculator to estimate your personal loan monthly repayments.

You can simply:

  • Select the amount you want to borrow
  • Select the loan term which is the number of months you would be comfortable repaying the loan amount
  • Click <CALCULATE> and you will be shown your estimated monthly instalments

    • Note: The repayment amount is only an estimate and includes credit life insurance and service fees.

    [14:57] Stephanie Klink Metadata for the image. Title: A young woman uses an online calculator to work out what her monthly personal loan instalments. Alt: A woman uses an online calculator to see what her monthly instalments would be for a personal loan.    How do I calculate the interest on a loan?

    To get an estimate of how much interest you will pay on a loan, use the following formula: Borrowed amount x interest rate x loan term (years). If your loan term cannot be expressed in whole years, convert the number of months into a decimal (of years). For example, 18 months equals 1.5 years. Using this equation, a loan of R10 000 paid back over 18 months at a 20% interest rate will cost you R3 000 in interest. Just bear in mind that the full cost of a loan will also include fees.

    There's a loan for that

    Whether you need to finance a dream home, consolidate your credit accounts, or pay for an unforeseen expense, there's an Old Mutual loan that can make it happen.

    Things you should know about loans and credit

    Some recommended reading to help you understand loans, credit and credit scores.




      Customers use the online calculator at their own discretion and accept that calculations are estimates. Old Mutual Finance gives no warranty, express or implied, regarding the accuracy of such estimates and does not accept any liability for loss or damage of any kind whatsoever, which may result from the use and/or reliance of estimates provided by the calculator. All loans are subject to a full credit assessment.

      Old Mutual loan offerings are made available through Old Mutual Finance (Pty) Ltd, a Licensed Financial Services and Registered Credit Provider (NCRCP35). Terms and conditions apply.

      Payment options range from 3 to 72 months. Interest calculated monthly. A once-off initiation and admin fees apply. The maximum interest rate is 28% annually. Representative Example: Credit of R5 000 borrowed for 3 months. Total interest payable over loan period: R348.16. Once off initiation fee: R649.75. Monthly admin fee R69. Total Amount Payable: R6 204.91.

      *Extending your loan term lowers your monthly instalments, but it also results in you paying more interest and fees over the life of your loan. Use the online debt calculator to calculate the total cost of your loan.