Bond Affordability Calculator

How do South African banks calculate affordability?

Banks typically allow up to 30% of your gross monthly income for bond repayments, less any existing debt obligations. This calculator uses your net income and expenses to give a realistic estimate.

What is transfer duty and who pays it?

Transfer duty is a government tax paid by the buyer. Properties up to R1,000,000 are exempt. Above that, rates are tiered: 3% to R1,375,000; 6% to R1,925,000; 8% to R2,475,000; 11% to R11,000,000; 13% above R11,000,000.

What percentage of my income should go to bond repayments?

The general guideline is no more than 30% of gross monthly income. This calculator uses your actual net income and expenses to give a personalised result.

What other upfront costs must I budget for?

Budget for transfer duty, bond registration fees (approximately R7,000), conveyancing fees (approximately R23,000), and moving costs. These are included in this calculator's affordable price output.

Can I afford a property with no deposit?

Some banks offer 100% home loans, but these come with stricter qualifying criteria and higher total interest over the bond term. A deposit reduces your required loan and monthly repayment.