Loan Calculator – Maritime Finance


        
        
        
          
      
      
        
            
                                    
                        Print
                    
                                                    
                        About this calculator
                    
                            
        
        
            
                X
                                Maritime Finance Loan Calculator Information
The Maritime Finance Loan Calculator calculates repayment terms based on the loan parameters entered, such as loan amount, term, and interest rate. The product selected will determine the default interest rate for the specific loan product, designed to meet the needs of seafarers in the marine sector.

The calculator also provides an option to calculate time saved in paying off the loan and the amount of interest saved if additional contributions are made per repayment period. This feature applies only to products that support extra repayments.

All calculations are done based on the repayment frequency entered, considering the original loan parameters, including amount, annual interest rate, and loan term in years.
Calculator Disclaimer
The results from this calculator are intended as an indication only and do not constitute formal quotes or loan approvals. Various institutions may apply different formulas, and loan parameters such as interest rates and assumptions are subject to change.
            
        
    

    
        
            
                
                    Maritime Finance Loan Calculator
                
            
        
        
            
                
                    
                        

                            Loan AmountPlease enter your loan amount here.
                            
                                R
                                
                            
                            
                        
                        
                            No. of PaymentsPlease enter the number of years in which you plan to repay the loan.
                            
                                
                                    
                                                                                                              
                                                                        

                                

                                
                                     

                                                            

                            
                            
                            
                            
                            
                        
                        

                                                            
                                    Payment ModePlease choose payment mode of the loan.
                                    
                                
                                                    
                    
                    
                        
                            Interest RateThe interest rate will default to the product you selected. You can also change the rate up or down to understand the effect on your repayments and total interest payable.
                            
                                
                                
                            
                            
                        
                                                        
                                    Balloon AmountIf applicable, enter the balloon amount, which is a lump sum payment due at the end of the loan term.
                                    
                                        R
                                        
                                        
                                            
                                            
                                        
                                    
                                    
                                
                                                                            
                    
                        
                                            
                
            
                        
                
                    
                        
                            

                                                                
                                
                                
                                                                            
                                        Repayment Chart
                                                                    
                                
                                
                                                                            
                                        Loan Amortisation Table
                                                                    
                                
                                
                                                                            
                                        Video
                                                                    
                                                                
                                    
                                
                                
                                                                            
                                                                                                   
                                
                                    
                                        
                                            
                                                Period
                                                Payment
                                                                                                Interest
                                                Balance
                                            
                                        
                                        
                                        
                                    
                                
                            
                        
                    
                
                
                    
                        
                            
                                {frequency} Payment

                        
                        
                            R 
                        
                    
                                            
                            
                                Total interest payable
                            
                            
                                R over  
                            

                        
                                        
                        
                            Balloon amount (0.00%)
                        
                        
                            R0.00
                        

                    

                    
                    
                
                                                    
                        
                            Application fee
                            R1800
                        
                        
                            Monthly fee
                            R280
                        
                        
                            Total regular fees
                            R240
                        
                        
                            Total fees
                            R2040
                        
                    
                            
        
    
    
    
        X
            



    
        Calculator Disclaimer
        The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.