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RCS Personal Loan Repayment Calculator

Our RCS personal loan calculator below will help you determine the total cost of financing your RCS personal loan. It calculates the likely monthly loan repayment of a certain loan amount over a stated period of time.

This will help you to better compare loan options among South African lenders. All you have to do is to input the loan amount, adjust the loan term then click calculate. It’s that simple. Try it!

Calculate repayments

A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

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A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

Hide info -

Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

Overview

Minimum loan amountR50,000

Maximum loan amountR100,000

Minimum term (months)1 month

Maximum term (months)84 months

Personal loan interest rates (base)14.20%

Personal loan APR14.20%

Monthly repayments (approx)R797

Total repayments (approx)R28,692

Total interest repayments (approx)R8,692

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 66 77 89

Data accurate as of12.07.2020

GO TO Capitec Bank

Hide info -

Loans up to R250,000. Terms between 7 months and 72 months.

Overview

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)7 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 111 011

Data accurate as of18.01.2020

GO TO African Bank

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Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Overview

Minimum loan amountR15,000

Maximum loan amountR350,000

Minimum term (months)12 months

Maximum term (months)84 months

Personal loan interest rates (base)18.82%

Personal loan APR18.82%

Monthly repayments (approx)R845

Total repayments (approx)R30,420

Total interest repayments (approx)R10,420

Rate typeFixed or Variable

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feen/a

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 100 372

Data accurate as of12.06.2020

GO TO Absa

Hide info -

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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of loan are you looking for?

Use the RCS loans calculator for your personal loan budget

At CompareLoans, we have created this RCS loan repayment calculator for your convenience. You can use it as a free and matching tool for your RCS personal loan in South Africa.

The online calculator is designed to give you a quick estimate of your monthly repayments which depends on the loan amount and loan term you choose. We strongly recommend that you spare a few minutes to find out how the calculator works before making your application with RCS.

Why is using this loan calculator a smart move?

RCS is a reputable and responsible lender that fully supports you as a responsible borrower. Above everything, that means choosing and applying for a loan you can afford to pay back. It might be exciting to receive your lump sum of cash. However, when the repayments are due, you should also be fully prepared to fit them into your monthly budget. The RCS loans calculator helps you to do this, plus more.

How to use the RCS loans repayment calculator

In order to calculate your monthly repayment amount, two values are needed. The first is the amount of money you wish to borrow which is also the loan amount. The second piece of information is the amount of time you will need to make repayments. This is the loan term. With this information on hand, here’s what to do next:

  1. Use the first sliding tool on the calculator to choose your loan amount.
  2. Enter the number of months in your loan term using the second sliding tool.
  3. Click “Calculate Repayment.”
  4. Check out the instant result in the RCS loans repayment table. If you want a better result, change your values and repeat the process.
  5. Please note that the results given by the loan calculator might not be the exact ones you will get on your RCS loan offer. They’re a close estimate designed to give you an idea of what to expect when repaying your loan. Other factors, like a personalised interest rate, can create small differences.

Advantages of the RCS loans calculator

  • Available online – That means you can access the calculator any time and from anywhere as long as your phone or PC can connect to the internet.
  • Free to use – You will not be charged for using this convenient service.
  • Easy to use – The calculator has a simple function that makes it user-friendly.
  • Fast results – You can find the result you’re looking for in as little as seconds.
  • Unlimited use – You might not always get the perfect result on your first try, but it has unlimited use, so play around with the numbers and keep trying.

What are the benefits of knowing your monthly repayments?

There are several reasons why you should know your repayments before applying for an RCS loan. Some of them include:

  • You can decide if the RCS loan fits into your monthly budget by looking at your current expenses;
  • Knowing your monthly instalment amounts also lets you compare loans and decide which one is best for your budget. You can compare loans using the RCS loans repayment table as well;
  • All in all, it helps you to keep control of your finances. By choosing a monthly payment that works, you’re less likely to come across cash flow problems.

The RCS loan calculator can help estimate the total cost of your loan

If you know how much you are supposed to pay monthly, it will be easier to find out whether the loan is expensive or affordable, overall. To get a good idea of the total cost of your loan, simply multiply the monthly repayment amount with the number of months it will take for you to finish the loan payment. Below is an example:

  • Loan amount: R7 500
  • Loan term: 24 months
  • Monthly instalment: R542

In this example, the loan’s total cost is calculated by multiplying your monthly instalment (R542) with the number of months (24): R542 x 24= R13 008. For this loan, the interest rate is 24.5%, while the monthly service fee is R69.

Both these charges are included in the monthly payment result from the calculator. However, there is also an initiation fee of R1207 which is paid upfront for the same loan. That means you might need to add all upfront fees to the overall costs to get a more accurate estimate.

The RCS loan calculator and your credit score

Knowing monthly instalments beforehand will prepare you for the loan repayments. This helps to ensure that you pay back the loan on time. Making your payment on time will, in turn, help to improve your credit score as time goes on. This is because you’ll be building a positive track record that shows lenders how trustworthy you are. Additionally, you can enjoy even more benefits such as lower interest rates and easy approval on any future loans.

Important tips to remember when using the RCS loan calculator

While the loan calculator will give you valuable information, you should make use of that information properly for best results:

  • Ensure that you only choose a loan amount you need. Even if you can afford the monthly repayments, loans come at a cost, some of which may be unnecessary.
  • Lower monthly payments don’t always mean a cheaper loan. Choose the highest monthly repayment amount you can afford. You’ll be able to pay off your personal loan quicker, which can save you from paying a lot of interest.

How to make your loan application after using the RCS loan repayment calculator

In the RCS loans repayment tables above, click the “Go to Site” button. Once you’re on the RCS website, you can begin the online application process, which also has the following general requirements:

  • Be 18 years and older;
  • Have a valid government-issued South African ID;
  • Your monthly salary should be above R2000;
  • Valid South African bank account; and
  • Proof of income – latest payslips and bank statements.

Get more details about RCS personal loans.

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