Ooba Bond Calculator
Work out your monthly Ooba home-loan repayment at Ooba's typical mid-market rate. The slider is pre-filled with 9.75% (prime − 0.5%) — adjust to model your own offer or compare scenarios. SA prime is 10.25% as of May 2026.
Purchase price of the property — what the deed of sale says.
10% of home price · 10–20% is the SA norm.
Ooba typical offer ≈ 9.75% — Currently prime − 0.5% (SA prime is 10.25%, May 2026). Banks typically offer prime − 0.5% to prime + 1.5%.
20 years is the SA default. Longer term = lower monthly, far more interest paid over time.
Monthly bond repayment
R 12 805
on a R 1 350 000 bond over 20 years at 9.75%
Loan amount
R 1 350 000
R 1 500 000 − R 150 000 deposit
Total interest
R 1 723 195
128% of loan
Total repayment
R 3 073 195
over 240 months
Outstanding balance over time
Repayment uses the standard amortisation formula. Most SA bonds are variable-rate — your actual instalment will rise or fall when SARB changes the repo rate. This calculator does not include monthly bond admin fees (~R69/mo at most banks) or once-off bond initiation costs (~R6,000) — see the affordability calculator to find your maximum bond before you start house-hunting.
Ready to apply with Ooba?
Get a real quote — your actual rate depends on income, deposit, and credit profile.
About Ooba Home Loans
Ooba is South Africa's largest home-loan originator. It's not a lender — it's a free service that submits your application to all the major SA banks (FNB, Standard Bank, Absa, Nedbank, plus SA Home Loans where applicable) and presents you with the offers in a single dashboard.
Why this works: banks compete for Ooba-originated bonds because Ooba's volume gives them pricing power. Ooba's published quarterly statistics for 2024–2025 show an average effective rate of roughly prime − 0.45% for approved buyers using the service — better than what the same buyer would typically get walking into one bank cold. Ooba is paid a commission by the bank that wins, not by you.
What's specific to Ooba
- ›Submits one application to all major SA banks simultaneously.
- ›Free to use — Ooba is paid a commission by the winning bank, not by you.
- ›Published average rate (2024–25): roughly prime − 0.45% for approved applicants.
- ›Pre-qualification is free and gets you a written affordability ceiling within a day.
Typical rate
9.75%
prime − 0.5%
Typical range
9.5–11.25%
By profile
Provider type
Bond originator
Multi-bank quotes
Ooba bond costs at a glance
Four worked examples at Ooba's typical 9.75% rate over a 20-year term. Type the same numbers into the calculator above to verify or change the term.
R1m home, 10% deposit
9.75% over 20 years
R1.5m home, 10% deposit
9.75% over 20 years
R2m home, 10% deposit
9.75% over 20 years
R2.5m home, 20% deposit
9.75% over 20 years
Ooba home loans — frequently asked questions
Is Ooba a bank?
No — Ooba is a bond originator, not a bank. It's a free service that takes your home-loan application once and submits it to all the major SA banks (FNB, Standard Bank, Absa, Nedbank, SA Home Loans) in parallel. The banks compete for your bond, you pick the best offer, and Ooba is paid a commission by the winning bank. From your perspective the actual home loan still comes from a bank — Ooba just gets you the best rate among them.
How much does Ooba cost?
Ooba is free to the buyer. Its commission is paid by the bank that ultimately funds your bond, out of the bank's origination budget. The commission does not get added to your interest rate — banks budget for originator commission as part of their cost of acquiring new bonds, and the rates Ooba negotiates are net of that commission. There's no scenario in which using Ooba costs you more than walking into a single bank.
Does Ooba get me a better rate than a bank directly?
Usually yes, especially if you're not an existing private-banking client at a single bank. Ooba's published quarterly stats for 2024–2025 show approved buyers getting an average effective rate of around prime − 0.45%. The reason: by submitting your application to 4–5 banks simultaneously, Ooba creates competitive pressure — banks know they're competing for the bond and price more aggressively. Walking into one bank cold gives the bank no incentive to discount.
Should I use Ooba or BetterBond?
Ooba and BetterBond are SA's two largest bond originators and both offer the same basic service: one application, multiple bank quotes. Ooba is slightly larger and has more public statistics; BetterBond has a stronger relationship with Standard Bank historically. The difference is rarely material — pick whichever your estate agent recommends, or use both and compare offers if you're a borderline applicant who wants every chance at approval. Don't apply through both AND directly to a bank for the same property — multiple credit enquiries hurt your score.
How long does Ooba take to get me a bond?
Pre-qualification (a written affordability ceiling) takes 24–48 hours. Once you have a signed offer-to-purchase on a property, formal applications go out to all banks the same day, and offers come back within 5–10 working days. The bond-registration phase at the deeds office (8–14 weeks) is identical to any direct-bank route — Ooba's value is in the application phase, not the conveyancing phase.
Sources: Default rate of 9.75% reflects Ooba's typical mid-market offer based on Ooba and BetterBond quarterly home-loan statistics through 2024–2025. SA prime rate (10.25%) and repo rate (6.75%) sourced from SARB. Calculator uses the standard amortisation formula. Ooba does not publish home-loan margins; every offer is individualised. This page is informational only — get a real quote from Ooba or a bond originator before making any decision. Not financial advice.