Quotation

Ready, Set, Borrow Smartly!

Use our loan calculator to explore customized repayment options before a client commits to a New Loan.

Here's how it works:

1. Choose Your Loan Product: Select the specific loan type that best suits your needs.

2. Pick Your Calculation Method: Decide whether you want to know the repayment amount based on the total loan amount you need or the fixed installment amount you can afford each month.

3. Set Your Loan Term: Indicate the desired loan period (duration) for repayment.

Related Links

• Loan Product Parameters (Setup)

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The quotation feature goes beyond the essentials, allowing you to include additional parameters if needed

Loan Amount as Input

If you know the total loan amount you require, enter that value. The feature will calculate your monthly repayment amount based on the loan amount, interest rate, and loan term. This helps you understand the full financial commitment.

Installment Amount as Input

If you have a specific monthly payment amount in mind that you can comfortably afford, enter that value. The feature will then calculate the maximum loan amount you can qualify for based on your chosen installment amount, interest rate, and loan term. This helps you determine the loan amount that aligns with your budget.

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Real-world Example:

Imagine you need a loan of R1,000 for 1 month. You can:

• Choose "Loan Amount" as input: Enter R1,000. The feature will calculate your monthly repayment amount, giving you a clear picture of the total cost.

• Choose "Installment Amount" as input: Let's say you can afford a R200 monthly payment. Enter R200. The feature will calculate the maximum loan amount you can borrow based on your preferred installment amount.

With this user-friendly quotation tool, you can explore different loan scenarios and make informed decisions before committing to a loan.