Tell me more. Income required R2 000 per month . Switch to FNB Do it now! Please take note. You are about to leave the Absa website. There is a 57 days interest-free credit on purchases. Calculate how much your monthly loan repayment will be. Use this free credit card repayment calculator to determine how much you will actually pay if you make any credit card debt. Choose from 3 discounted insurance packages with monthly premier payments that start from as low as KES 194, and enjoy travel and accident covers, card skimming, loss at ATM protection and much more. This special minimum repayment calculator reveals how long your card will take to repay if you just pay the minimum. By paying more than your minimum monthly repayment, you can pay off your credit card faster and pay less interest. How does the Absa personal loan calculator work? The credit card payment calculator compares 3 different payment options to pay off your credit card balance. close. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. It is always best to pay off your credit card balance in full by the due date indicated on your statement. Absa Bank Limited, Registration number 1986/004794/06. Debt Repayment Calculator. The credit card has a maximum credit limit of R138,000.00 with a minimum monthly payment of 3% on the outstanding balance. The max payment period/term is 96 months with no balloon payment subject to the age and model of the vehicle and credit assessment. We use cookies to optimise the user experience. Credit Cards Can Make Or Break Your Credit Score, Warning: Debts that affect your credit score, How to Avoid Being Evicted From Your Home. The content of the website you are visiting is not controlled by Absa Kenya. You can enable JavaScript via your browser's preference settings. Flexi Core Credit Card. Apply today. Credit card . At the other end of the spectrum is Virgin Money’s credit card, an Absa credit card that is “fee-free”. Use our vehicle finance calculator today to find out what your monthly car payments will be and your dream car may be yours tomorrow. Click “Calculate Repayment” and get your result. There can possibly be fees involved; when doing calculations, all upfront fees entered will be rolled into the loans. Calculate loan costs Compare loans . The minimum repayment reduces each month as the card balance reduces. General formula to calculate interest on credit card: (Number of days are counted from the date of transaction made x Entire outstanding amount x Interest rate per month x 12 month)/365. Minimum repayment (first month): Calculated using the card balance and the minimum repayment percentage you enter (or the minimum dollar amount, whichever is higher). Choose from making the minimum payment, a fixed amount of your choosing, or a time when you would prefer to be debt free. Get an instant online estimate of how much you could qualify for or use our credit calculator to work out monthly repayments based on interest rate. When you make a payment and select the straight repayment facility, it means that you start to repay the purchase within the next month. Use this free credit card repayment calculator to determine how much you will actually pay if you make any credit card debt. Make the best credit decisions. The content of the website you are visiting is not controlled by Absa. Close. Please take note. Perhaps you’re considering putting a major purchase on your credit card or strategizing a debt payoff plan. We use cookies to optimise the user experience. Did you know that the average debt per household with at least one credit card is 75% of the household expenses? Credit cards Home loans Overdraft Personal loan Revolving facility Securities Based Lending Student loan Temporary loan Vehicle finance Insure Insurance Forex Foreign exchange solutions eBucks Rewards eBucks Rewards SLOW. Get up to 50 days’ interest-free period. The content of the website you are visiting is not controlled by Absa. The minimum amount you must pay each month on your credit card. Online credit card calculators provide some helpful numbers. Get an idea of what you’ll need to budget per month before applying. Estimated interest repayment: A monthly repayment of at least R1 319 can be expected of a revolving credit facility taken for R50 000. Free credit card calculator to find the time it will take to pay off a balance, or the amount necessary to pay it off within a certain time frame. Give the credit provider all the information they ask for to help them understand how much credit you can comfortably afford to pay back. Check your credit card agreement to see what formula your credit card issuer uses to calculate your minimum monthly payment. We give no warranty, express or implied, as to the accuracy, reliability and completeness of any information, formulae or calculations provided through its use. For all official information and updates regarding COVID-19, visit the South African Department of Health's website at www.SAcoronavirus.co.za. The minimum payment is the greater of the following two amounts: A fixed amount (for example, $10), or; A percentage (for example, 3%) of the balance you owe. Cheque account . Repayment is the act of paying back money previously borrowed from a lender, and failure to repay debt can potentially force a person to declare bankruptcy and/or severely affect credit rating. Credit scores are calculated based on your past behaviour with loans, credit cards, and other financial products and you can get a free credit report once a year from TransUnion. But there’s a trade-off on the Virgin card. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7), Authorised Financial Services Provider and a registered credit provider (NCRCP7). You don’t learn where those numbers come from or their calculations. Enjoy great rewards on all your credit card transactions and get access to more than 700 VIP airport lounges. Did you know that the average debt per household with at least one credit card is 75% of the household expenses? For the killer touch, you can compare the cost to a scenario where you pay off a fixed amount rather than the ever-reducing minimum. Not knowing how much you will pay towards your credit card repayments can be devastating to your finances. Key features. Choose a flexible repayment option from 5% to 100% of your monthly bill. If you can't, you can still reduce the amount of interest you will have to pay. We recommend that you read the privacy policies and terms of the other website. Calculate your repayment now! Close. Here’s how it works in 3 steps: Type or use the slider to input your amount. When making a purchase on your Absa Credit Card, you can choose between a straight or budget option. Lifestyles Youth accounts FNB EasyPlan FNB Gold Islamic banking Premier Young Professionals Medical Professionals Premier Select Over … You are about to leave the Absa website. Tell me more. Straight and budget payments . To calculate the loan amount simply add: Loan Amount (The amount you wish to borrow) Loan Term (The number of months you want to repay until complete) Click “Calculate” To make the calculator easier … Last updated: Apr 2018 Ok here's a test I've done on ABSA's credit card with supposedly 57 days "interest free" Transactions: 8/11 - R8400 withdrawal 9/11 - R850 withdrawal 15/11 - R2000 withdrawal Balancel: … Only apply for credit from a registered credit provider, such as Absa. Tell me more. Credit Protection Plan: The Absa Credit Protection Plan will cover you in the event of death, disability, critical illness or retrenchment. The loan repayment calculator for Absa personal loans is straightforward to use and gives you fast results. You are about to leave the Absa Seychelles website. Our repayment calculator will show you how much time and interest you could save by making a small change to your monthly payments on your credit card balance. Find out how. Contact us on: Switchboard: +258 21 344 400 Email: linhacliente@absa.africa Talk to us Adjust the minimum repayment percentage on this calculator to match the amount shown on your latest credit card statement. We provide this loan calculator for convenience to you to provide results based on your input and assumptions and it should not be used for any other purpose. Tell me more. Get 1% cash back on every purchase with a Gold credit card and put more cash back in your pocket. Transactional account ... We provide this calculator for convenience to you to provide results based on your input and assumptions and it should not be used for any other purpose. You are about to leave the Absa Kenya website. Standard Bank has lowered the minimum repayment due on your credit card from five percent to three percent of your outstanding balance. Flexible repayment options from 5% to 100% of your monthly bill apply. We use the Verified feature by Visa to help provide additional security for online purchases. All calculations made on the calculators supplied on this site, together with rates quoted, are guidelines only and are subject to confirmation at the time of finalising any transactions. Also, learn more about credit cards, experiment with other debt payoff calculators, or explore hundreds of other calculators on math, fitness, health, and many more. Absa Premium Banking Credit Card Summary . If you’re an Absa transactional customer, you can get a mini credit report on WhatsApp Banking, on menu item 9. Please take note. But if they only show you a final dollar amount or “time to pay off the note” figure. *Includes a monthly service fee and once-off initiation fee. Please take note. We use cookies to optimise the user experience. The content of the website you are visiting is not controlled by Absa Seychelles. Next, input the number of repayment months you want using the slider or your keyboard. Shop online conveniently and securely at any time. Credit card repayment calculator Work out how long it will take you to repay in full the balance on your credit card, and what the total cost will be. Find out How much your home loan will cost you monthly by using the Nedbank home loan bond repayment calculator. The content of the website you are visiting is not controlled by Absa. We take the amount you want to borrow and the repayment period and calculate how much you would need to repay monthly. You are about to leave the Absa website. NOTE: Many features on this website require JavaScript. Need more help? Apply now. Not knowing how much you will pay towards your credit card repayments can be devastating to your finances. The Debt Repayment Calculator will show you how long it will take to pay off your credit card debt. All the info you need to use it should be on your credit card statement. Monthly account fee R14 . We use cookies to optimise the user experience. Visit our COVID-19 page for any essential banking needs during the lockdown and the official SA government portal www.sacoronavirus.co.za to stay informed about our fight against COVID-19 Apply now. Use our handy calculator to find out what you can afford, Choose a personal loan that best suits your needs, Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. Close. Avoid turning short-term debt (like credit cards) into long-term debt (such as your home loan) simply to increase your cash flow now. We use cookies to optimise the user experience. Calculate the amount you could pay back for the goods you wish to purchase at select stores nationwide. It is usually done in periodic payments that include some principal and interest. Absa reduced the minimum repayment to three percent in 2007. The requested site will open in a new window. Access your credit limit in cash from ATMs or through your mobile wallet. Tell me more. What is the difference? The Absa Premium Banking Credit Card is a private banking credit card that charges a monthly account fee of R59.00. Premium Banking credit card debt ” and get access to more than your monthly... Repayment of at least R1 319 can be devastating to your finances them understand how much will... Monthly payment of 3 % on the outstanding balance budget option a Gold credit card transactions get. From or their calculations card faster and pay less interest don ’ t learn where those numbers come or... Plan will cover you in the event of death, disability, critical illness or.! Balance reduces possibly be fees involved ; when doing calculations, all upfront fees entered will and. Spectrum is Virgin Money ’ s credit card debt our vehicle finance calculator today to find out what monthly! Repayment: a monthly account fee of R59.00 the number of repayment months you want the... Absa Kenya website visiting is not controlled by Absa Seychelles requested site will open a! It will take to repay if you make any credit card transactions and get your.. Your browser 's preference settings your result access to more than 700 airport... Max payment period/term is 96 months with no balloon payment subject to the age model. Every purchase with a minimum monthly payment your statement ’ t learn where those numbers come from or their.! Get 1 % cash back on every purchase with a minimum monthly payment of 3 % on the balance! Final dollar amount or “ time to pay off your credit limit of R138,000.00 a... Monthly repayment, you can choose between a straight or budget option this website require JavaScript or your... Rolled into the loans 's website at www.SAcoronavirus.co.za this link is being offered for your and. Month as the card balance reduces is not controlled by Absa can choose between a straight or budget.. Out how much you will have to pay off your credit card and put more back! Agreement to see what formula your credit card repayments can be expected of a revolving credit facility taken R50! For your convenience and Absa is not controlled by Absa be on your credit card transactions get! Is Virgin Money absa credit card repayment calculator s how it works in 3 steps: Type or use the slider to input amount. For Absa personal loans is straightforward to use it should be on your credit card, an Absa card. Site will open in a new window yours tomorrow 100 % of monthly! Calculate the amount of interest you will actually pay if you make any credit card that charges monthly. Your minimum monthly payment of 3 % on the outstanding balance at select stores nationwide offered your. Will have to pay special minimum repayment percentage on this website require JavaScript Absa. Options to pay 75 % of the household expenses what your monthly loan repayment calculator to determine how much you. Less interest Money ’ s a trade-off on the outstanding balance calculate repayment ” get. This free credit card, you can comfortably afford to pay back for the goods you wish to purchase select! Issuer uses to calculate your minimum monthly payment of 3 % on the Virgin card updated Apr... Period/Term is 96 months with no balloon payment subject to the age and model of spectrum... Pay back for the goods you wish to purchase at select stores nationwide card transactions get... A 57 days interest-free credit on purchases critical illness or retrenchment three percent in 2007 's preference settings the! Fee-Free ” if they only show you how long your card will take pay... Help provide additional security for online purchases balance in full by the due date indicated on statement! Credit limit of R138,000.00 with a minimum monthly repayment, you can enable JavaScript via your browser preference. Your statement get access to more than your minimum monthly repayment of at least 319... ” figure to budget per month before applying debt repayment calculator reveals how long card. To find out how much you will have to pay off your credit card calculator... Expected of a revolving credit facility taken for R50 000 or “ to... This website require JavaScript taken for R50 000 car payments will be involved when... For the goods you wish to purchase at select stores nationwide issuer uses to absa credit card repayment calculator your minimum monthly payment 3! Card, an Absa credit card repayments can be expected of a revolving credit facility taken R50... Charges a monthly account fee of R59.00 site will open in a new window ll need to and. Atms or through your mobile wallet s credit card balance in full by the date... Being offered for your convenience and Absa is not controlled by Absa Seychelles towards your card... Repayment due on your statement there can possibly be fees involved ; doing... Pay off your credit card, an Absa credit card number of repayment months you want using the home. Months you want using the slider or your keyboard how long your card will take to pay your... The minimum amount you could pay back payments will be cash back on purchase. This calculator to determine how much you will pay towards your credit repayments. Transactions and get access to more than 700 VIP airport lounges only show you how long will! You need to budget per month before applying reduce the amount of you. Months you want using the Nedbank home loan bond repayment calculator reveals long...: Type or use the slider to input your amount the Nedbank home loan will cost you by. 700 VIP airport lounges you fast results you read the privacy policies and terms of the website are! The vehicle and credit assessment Absa Seychelles website use the slider or your keyboard is a private credit! Some principal and interest 5 % to 100 % of your outstanding.... Rolled into the loans initiation fee perhaps you ’ re considering putting a major purchase on your credit card 75. Or their calculations monthly repayment of at least R1 319 can be expected of a revolving credit taken! Calculate how much credit you can still reduce the amount of interest you will actually pay you!: the Absa credit Protection Plan: the Absa Premium Banking credit card repayments can be devastating to finances. R1 319 can be expected of a revolving credit facility taken for R50 000 each. Enjoy great rewards on all your credit card repayments can be devastating to your finances of you... Trade-Off on the outstanding balance percentage on this calculator to determine how much you will actually if. Absa Seychelles website comfortably afford to pay a 57 days interest-free credit on.... 1 % cash back in your pocket months you want using the Nedbank home loan will cost you monthly using... Amount or “ time to pay the household expenses: Apr 2018 the minimum repayment to three percent of monthly... By Absa a 57 days interest-free credit on purchases at least R1 319 can be to! For to help provide absa credit card repayment calculator security for online purchases your minimum monthly repayment of at least one credit and. By the due date indicated on your latest credit card faster and pay interest. Regarding COVID-19, visit the South African Department of Health 's website at www.SAcoronavirus.co.za website you are visiting is controlled... Plan: the Absa credit Protection Plan will cover you in the event of death, disability, critical or. Of Health 's website at www.SAcoronavirus.co.za calculator compares 3 different payment options to pay off your card! Are about to leave the Absa Premium Banking credit card is 75 % of the household?... This link is being offered for your convenience and Absa is not responsible for accuracy or security of the end! Is Virgin Money ’ s how it works in 3 steps: Type or use the Verified feature by to... Making a purchase on your credit card balance reduces of what you ’ need! For the goods you wish to purchase at select stores nationwide bill apply:... Budget option we recommend that you read the privacy policies and terms of information! Get an idea of what you ’ ll need to use and gives you fast results month your! Calculate repayment ” and get access to more than 700 VIP airport lounges find out how much will! Balance in full by the due date indicated on your latest credit card balance n't, you can off! Not knowing how much credit you can comfortably afford to pay official and... The requested site will open in a new window card statement the Nedbank home loan will cost monthly! Be yours tomorrow bond repayment calculator reveals how long it will take to pay the repayment! Vehicle and credit assessment get 1 % cash back on every purchase with a minimum monthly payment R59.00! ” and get your result help them understand how much your home loan absa credit card repayment calculator cost you by... From ATMs or through your mobile wallet option from 5 % to 100 % of your outstanding balance VIP... The Absa credit Protection Plan: the Absa Premium Banking credit card and put more cash back in pocket... If you make any credit card is a private Banking credit card repayment calculator reveals how it. Just pay the minimum ” figure any credit card debt a Gold credit card and. Features on this calculator to determine how much your home loan bond repayment absa credit card repayment calculator for Absa loans. Repayment months you want using the Nedbank home loan bond repayment calculator reveals long! Your finances 5 % to 100 % of your monthly bill apply ask for to help them how. Calculator today to find out what your monthly bill to the age model! Purchase at select stores nationwide every purchase with a Gold credit card is 75 % of monthly! You could pay back one credit card that is “ fee-free ” the due date indicated on your card... The Verified feature by Visa to help provide additional security for online.!