Finance calculators are the tools that help you to calculate the payments, amounts, installments for different purposes. For example, you can calculate your annual tax payment, vehicle payment, loan calculations, and other investment finances, etc. These calculators are very important as they assist you to keep an eye on your money, calculate the required amounts and wisely invest time. They are handy easy to use. You can calculate the payments online with the help of these finance calculators.
Here we will provide you a complete guide about South Africa finance calculators to make your financial calculations easy:
1. Finance calculator
Future value (FV), periodic payment(PMT), and interest rate(I/Y) can all be calculated using a finance calculator (Present Value). Like the 5-key time value of money calculators like BA II Plus or HP 12CP calculator, it works in the same way as this one does as well.
In essence, the Finance Calculator serves as the foundation for all of Financial. Think of it as a steam engine, which was used to power a variety of things, including steamboats and railway locomotives. If you don’t know about the concept of the time value of money, you won’t be able to use a mortgage calculator, a credit card calculator, or an auto loan calculator.
2. Wesbank calculator
Wesbank calculator can be used to estimate your calculations regarding vehicle payment, loan repayment, and other finances. You can calculate monthly or annual repayments by using the Wesbank calculator.
You can trust Wesbank for reputable and authorized financial services. If you need a loan, Wesbank Finance is happy to help. In addition to vehicle loans, personal loans are available from Wesbank as well. CompareLoans.co.za examines the Wesbank CashPower personal loan in this article. It will be possible for Wesbank to determine how much of a risk you are to them. When you apply for a loan, you’ll only be approved for a loan you can pay back.
3. Tax calculator
You can use a tax calculator during the year to estimate how much you will owe in taxes. When estimating your income tax for the year, you can use a tax calculator instead of filling out a full return.
Include all sources of income when calculating income tax. Include Income from Salary, Income from house property, and Income from capital gains.
4. Bond calculator
The Bond Calculator can be used to calculate Bond Price and to determine the Yield-to-Maturity and Yield-to-Call on Bonds. Bond Price Field – The Price of the bond is calculated or entered in this field.
You can plan and budget with the help of our Bond Payment Calculator. Home loan amounts and repayment schedules are calculated using the purchase price of the property and current interest rates. Assumes a 20-year repayment period and tells you the total amount you’ll have to pay back. You can play around with the numbers to find the most cost-effective solution for your situation.
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We at First National Bank – a division of the bank- provide bond calculators, which you accept are provided for your convenience to provide results based on inputs from you not be used in any other way. They do not accept any responsibility for loss or damage of any kind resulting from reliance on the calculators, including indirect and consequential loss. The Bank makes no express or implied warranties as to the accuracy or reliability of the information, formulas, and calculations provided through the use of the bond calculators.
5. Car finance calculator
A car finance calculator can calculate your monthly payment for a car loan manually by dividing the principal and interest by the term (the number of months you have to repay the loan). As an example, the total interest on a $30,000, 60-month loan at 4% would be $3,150 in total interest.
The information provided by this calculator is an estimate and should be confirmed with your financial institution. We are not a financial institution, so we can’t guarantee the accuracy of calculations. The calculations do not include any fees charged by your financial institution. Age of the car, credit history, and other factors affect interest rates. Your finance provider will need to confirm the applicable interest rate at the time of application. One of the Most important and awesome South Africa Finance Calculators on our list.
6. Vehicle finance calculator
With the vehicle finance calculator, you can figure out how much you’ll have to pay each month for a given vehicle loan.
If you are interested in purchasing a car, start by stating the price that you are willing to pay. To change any of these settings, simply slide one of the buttons left or right to the left or right.
There are no guarantees on the accuracy of any calculations made using the vehicle finance calculators, nor on the rates quoted, which are subject to confirmation at the time of any transactions. A final pre-agreement quote can be given to the User at any time before a final change being made to the products, fees, rates, and/or costs included in the calculations. As a result of using this calculator, the User agrees to indemnify FNB Vehicle Finance against any loss or liability.
7. Income tax calculator
With the help of the income tax calculator, your monthly income tax can be calculated using the latest tax data and the previous year’s data, taking into account the most common sources of income and deductions.
When it comes to financial planning, you need the help of a financial advisor. When you are making financial decisions, it is important to discuss the 2019 Budget Speech announcements with your financial advisor.
Changes in the 2021/2022 Budget Speech have been taken into account when developing this free, online income tax calculator. So easy to use. It’s great. For a quick estimate of your tax savings or liability for the upcoming tax year, enter your current salary and allowances for the current month.
8. Home loan calculator
Understand the costs involved and how much you can afford before you make a final decision on whether to finance a property. When financing a new home, this calculator can help you determine your monthly repayments based on the Home Loan amount and the chosen term, as well as the costs you need to be aware of when financing.
In addition, you can see how additional monthly payments or a lump-sum payment can reduce your loan term and save you money on interest.
As a default, this calculator uses the prime lending rate. Nevertheless, if you apply for a home loan with FNB, the actual rate you receive will depend on your credit profile and the property being financed and may differ from the prime lending rate
9. Investment calculator
To calculate interest income with an investment calculator, follow two steps:
- Take the annual interest rate and divide it by 100 to get a decimal number.
- Multiply the decimal figure by the number of years that the money is borrowed.
If you want to finish your calculation, multiply that number by the amount in your bank account.
10. Bond repayment calculator
An online bond repayment calculator is therefore very useful if you want to choose between several options. As a result, you will have a better understanding of the repayment process. Consider the logistics of a bond issue before approaching your bank agent with your interest in issuing a bond. Look around to see how different banks deal with loan agreements as well, if possible.
With roots in English, a bond refers to an “instrument” that commits one to pay some amount of cash or property to another person or entity. Bonds are issued by borrowers who need money for future projects. Investors can use the ‘instrument’ to lend or finance the project’s completion. Using the bond repayment calculator, you can find out how much money you’ll have to pay back at the end of the loan period in total.
To calculate repayments, a variety of techniques are employed. Calculate your optimal strategy using the approach you are most comfortable with.
11. Personal loan calculator
For a variety of terms and payment frequencies, you can use the Personal Loan Calculator to calculate your repayments for Special Fixed Rate Personal Loans, Fixed Rate Personal Loans, or Variable Rate Personal Loans. Everyone needs a personal loan in their life, that’s why Finance Calculators about personal loans can always help.
There are a total of N monthly installments. (R= Annual Rate of Interest/12/100) is the formula for calculating the rate of interest (R) on a loan. So if R is 15.5 percent per year, the answer is 15.5/12/100 = 0.0129.
Online personal loan calculators are provided by the company to customers and users, allowing them to calculate their loan repayments. You can calculate your amount in two steps:
- You choose the loan amount. As a result, you should opt for R5000.
- You decide on the loan term. Here, it’s for a period of two.
This means that your monthly repayment would be R397.44 per month.
It costs R69.00 a month to use the service.
Interest rates can range from 25 percent to 27.75 percent, depending on which options you choose.
With each new loan amount, you’ll have access to a new set of payments and loan terms. Think about a situation where you need more flexibility with your term loan, such as the case of a three-year loan.
12. Old mutual tax calculator
The old mutual tax calculator helps you to calculate the amount of tax so that you can keep your money in control. It helps to set your goals so that you can achieve them very easily.
13. Wesbank vehicle finance calculator
Calculate your monthly vehicle loan payments with Wesbank’s vehicle finance calculator. As a result, it’s very simple to use. The loan you can afford can be determined by knowing the loan amount and term you want.
With the vehicle loan repayment calculator, you can figure out how much you’ll have to pay each month for a given vehicle loan.
If you are interested in purchasing a car, start by stating the price that you are willing to pay. To change any of the settings of the calculator, simply slide one of the buttons left or right to the left or right.
14. Salary tax calculator
Changes in the 2021/2022 Budget Speech have been taken into account when developing this free, online salary tax calculator. So easy to use. It’s great. If you want to know how much you’ll save or owe in taxes for the current tax year, just enter your current monthly salary and allowances.
Your earnings and deductions can be entered here.
You can calculate your results and view them on the screen
15. Bitcoin calculator
Using a bitcoin calculator online, you can calculate the short-term and long-term capital gains tax on bitcoin profits. Depending on the holding period, taxes on bitcoins will be different. A short-term capital gain occurs when a bitcoin is held for less than three years. They are added to taxable income and you are taxed following your income bracket.
Holding bitcoins for three years or longer results in long-term capital gains. There is a 20 percent long-term capital gains tax, with indexation. There is a formula box where you can enter the type of transaction, purchase and sale price of bitcoins, holding period, and transaction fees to calculate your bitcoin tax. Based on the holding period, the calculator displays either the short-term or long-term capital gains tax.
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16. Nedbank loan calculator
Nedbank loan calculator helps you to be aware of your monthly income and expenses, interest rate, and loan term to determine the maximum loan amount you qualify for on your bond.
It gives you a rough idea of how much you’d be able to borrow and it’ll give a rough idea of the various installment amounts you could qualify for over various repayment periods
17. Fnb bond calculator
First National Bank – a division of the bank- provides bond calculators, which you accept are provided for your convenience to provide results based on inputs from you as long as you don’t intend to use them for anything else. To the extent that the Bank is relying on and using the bond calculators to calculate bond yields, the Bank makes no representations as to their accuracy, reliability, or completeness. The Bank also disclaims all responsibility and liability for loss or damage of any kind, including indirect or consequential loss, that may be attributed to their use.
Understand the costs involved and how much you can afford before you make a final decision on whether to finance a property. When financing a new home, the Fnb bond calculator can help you determine your monthly repayments based on the Home Loan amount and the chosen term, as well as the costs you need to be aware of when financing.
In addition, you can see how additional monthly payments or a lump sum payment can impact the reduction in your loan term, and save you interest. One of the Most important and awesome South Africa Finance Calculators on our list.
As a default, this calculator uses the prime lending rate. Nevertheless, if you apply for a home loan with FNB, the actual rate you receive will depend on your credit profile and the property being financed and may differ from the prime lending rate
18. Fnb loan calculator
Using this calculator, you can get an idea of how much you could borrow for a home, subject to a full credit check. This is followed by the completion of a full application to begin the home financing process.
For example, customers can use their online loan calculator before even applying. With the help of the online calculator, you can find out how much you can borrow.
For this to work, you’ll need to know your past, present, and future financial goals. As a result of this, you’ll be better prepared when it comes to choosing the right borrowing amount and personal loan term for your current situation.
19. Capfin loan calculator
With the help of this calculator, you can calculate the monthly payment on a Capfin personal loan. For an estimate of your monthly payment, enter the loan amount, loan term. You can calculate with just one click only.
With a repayment term of 6 or 12 months, Capfin offers affordable and easy-to-manage loans of up to R50 000. As a result of its transparent loan products and services, there are no hidden fees. Since you can access your loan account at any time, we make it easy for you to manage your loan. Its affordability assessment process also takes into account our customers’ interests.
Your loan options can be compared with this information. So, you can better manage your Capfin loan repayments by creating a better budget.
20. Absa loan calculator
Absa has created a loan calculator to help you plan your budget. It can help you estimate your monthly payment. Click on Calculate after entering the loan amount and loan term. It’s simple to use. Give it a shot. Many people always need ABS Finance Calculators in their life.
21. Retirement calculator
A retirement calculator helps you to manage all your finances wisely once you have retired. Consider it one of the most used Finance Calculators ever created.
As a rule of thumb, you’ll need less income after retirement than you did before. This is because some of your expenses (such as travel to work) will be eliminated. Another benefit of retiring is a lower tax burden after 65. (and even less after 75). At least 60 percent of your final pre-tax salary would be required for retirement, depending on the plans you have in place.
22. Car installment calculator
You can use car installment calculator by dividing principal and interest by the term, you can calculate your monthly payment for a car loan (the number of months you have to repay the loan). On a 30-month loan of $30k, the total interest would be $3150.’/. Using a car installment calculator, these payments can be calculated.
23. Retirement annuity calculator
Calculation by retirement Calculator will help you determine how much you need to save before you retire. To help you save for your future, we have a team of certified financial advisors.
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Haley Hayward is an experienced writer at gblogo.com, where she’s credited with more than 200 articles covering everything from entrepreneurial stories to mental health at work.
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Prior to joining gblogo.com, Haley honed her skills as a freelance writer, tackling a wide array of topics from petcare to car maintenance.
Haley holds a Master’s degree in English Literature from the University of Edinburgh, Scotland.
