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Making a Lump Sum Deposit
  LUMP SUM DEPOSIT

I would like to repay my  
home loan over   years
Required home loan amount R
Applicable Interest rate %
I would like to make a Lump Sum
deposit of R
 
The frequency of my Lump Sum payment(s) will be:
Once-off Annually Half Yearly
Quartely Monthly
 
  

Your normal monthly instalment R  
By paying a lump sum of R   into my home loan, I will:
  Save interest in the amount of R
  and pay off my home loan in years
 
Benefits of making lump sum payments:
   Conventional  home loan  With a Lump  Sum payment  Benefit/Saving
 Term (Years)
 Total Repayments (Rands)
 
DEFINITIONS
My total gross monthly income: Your gross monthly income is your total monthly income before taxes or expenses are deducted.
Concession: A discount to the Mortgage Lending Interest Rate. The discount granted depands on various factors, such as the loan amount, the loan amount relative to the property value, etc
Customer Rate: The interest rate charged on the loan after a concession has been granted (if applicable).

DISCLAIMER  
While every effort has been made to ensure the accuracy of all calculators, no responsibility can be accepted for errors or omissions however caused. No responsibility for any loss occasioned to any person acting or refraining from action as result of material in this programme is accepted by Absa Bank Limited.

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