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Step 2 of 6 · Understand

What could your home pay you each month?

You keep living in and owning your home. You receive a monthly amount for up to 8 years and make no monthly repayments. Interest and fees are added to what you owe, which is repaid at the end of the term.

Your details

R
years
Gender Used only to estimate how long the loan is likely to run.
How you would like to receive it
Assumptions

Prime 10.75%, so the interest rate is 14.75% a year, added monthly. House prices grow 3% a year. The monthly amount rises 5% each year. The loan becomes repayable after 8 years, or sooner if it reaches 40% of your home’s value.

In year 1 you would receive
R8 727a month
rising 5% each year, to R12 280 in the last month paid. Nothing to pay back each month.
R1 000 000
Total you receive
R1 874 839
What you would owe at month 96 (age 78)
R4 015 642
You or your estate keep, after selling costs
The loan has a fixed end date. It becomes repayable after 8 years (around age 78), whatever your circumstances, usually by selling the home, repaying from other funds, or applying for an extension, which is a new credit decision. Please discuss this with your family or adviser.

How what you owe grows

What you oweLimit: 40% of home valueProjected home value (right axis)

In plain words

You would receive R8 727 a month in the first year, rising 5% each year, for 8 years: R1 000 000 in total. Interest of 14.75% a year and a monthly fee of R69 are added to what you owe; you pay nothing each month. After 8 years, when you are about 78, you would owe about R1 874 839. If your home were then sold for R6 333 850, selling costs of about R443 370 come off first, the loan is repaid, and you or your estate keep about R4 015 642. You can never owe more than the home sells for.

Year by year
YearMonthly amountReceived to dateYou oweHome valueLoan to value
1R8 727R104 722R120 790R5 150 0002.3%
2R9 163R214 680R259 900R5 304 5004.9%
3R9 621R330 136R426 931R5 463 6357.8%
4R10 102R451 364R626 591R5 627 54411.1%
5R10 608R578 654R864 343R5 796 37014.9%
6R11 138R712 309R1 146 532R5 970 26119.2%
7R11 695R852 646R1 480 517R6 149 36924.1%
8R12 280R1 000 000R1 874 839R6 333 85029.6%

Check your understanding

Before your application goes ahead, we check together that the main points are clear. We do this with you on a call, and your family is welcome to join.

  1. Do you make monthly repayments on this loan?
  2. What happens to the interest each month?
  3. When does the loan have to be repaid?

Your illustration

Check the questions below
Prime rate used
10.75%, the rate since September 2026
Approved for use
Recorded when you continue
We went through it together
Not yet recorded
On the call
Thandi Mokoena (case owner) — your family is welcome to join
Only if you want to. You can stop here. The illustration is recorded on the platform with its inputs, version and hash — and what you entered carries to your application.