Working out your loan repayment period before investing in a new home

Planning to buy a new house or apartment? The period over which you repay your property loan is one of the key factors governing the success of your investment. So use our calculator to simulate your borrowings over different repayment periods and compare them to see which is best for your plans.

Extending the property loan repayment period allows you to borrow more or reduce your monthly repayments. On the other hand, it does increase your overall borrowing cost.
The amortization table gives you an overview of your monthly repayments over the full repayment period of your loan. For each monthly repayment, the table shows you:

• the proportion allocated to repayment of capital, which increases with time,

• the proportion used to pay the interest element, which gradually reduces.

Good to know: the amortization table is part of the loan agreement you will sign with the bank.
You can use it at any time to see how much you still have pay.
It’s a vital tool for comparing loan deals.