@heikoinvests: A R1.5 million home loan doesn’t cost R1.5 million, it costs about R3.6 million over 20 years, and more than two million of that is pure interest. 🏡 On Father’s Day that lands differently, because the bank isn’t charging you money, it’s charging you years in this house. Every extra rand goes straight at the capital, which is why even R500 a month buys back almost two years. Disclaimer: This is education, not financial advice.
ma'am, we're struggling to buy food, there is no extra R500 a month 😭
2026-06-22 06:35:24
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Nahl Blossom :
Me and my husband paid off our bond in less than 10 years, it was the best decision ever, he was the only one working, I am still a stay at home mom with 4kids, this is possible. It comes with lots of sacrifices and patience, but it's worth it at the end.
2026-06-22 13:00:01
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SimplySteel :
pay the extra bit 3 days after the debit order goes off. Then it comes off the principle amount
2026-06-23 07:46:35
1
tyron :
.Do you have to notify the bank you are paying in extra.
2026-06-22 05:18:22
7
Abc@ :
Please anyone, does it really reduce your bond term when you pay extra onto your bond?
2026-06-22 13:27:47
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11MiaB :
notifying the bank and paying double cause my parents to struggle with bank that says yes they pay dubble but it doesn’t say so on the bank system.
2026-06-22 11:11:30
2
vouga :
Hi so my extra R500 still help if its paid the same day?
2026-06-24 07:45:38
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Cr18c18 :
So rather pay off bond at 9% interest vs currently investing in stocks or etfs?
2026-06-24 03:38:07
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james :
oh okay nice so like, just have money 👍
2026-06-22 17:39:55
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Jesse Wheeler :
Ya... Not in Cape Town... 😅 R1.5m just means you'll need an upgrade soon
2026-06-23 19:44:41
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Aishah_Abrahams :
Do we pay it on the debit order date or after? Or does it not matter?
2026-06-22 18:12:26
1
Seabelo Mhlanga :
pay double the bond per month, thank me later
2026-06-22 15:56:24
3
Grant :
okay send the money
2026-06-22 17:47:37
1
-Mrs-A- :
Hi @Heikoinvests , thanks for this post please kindly share how we call the bank and get the adjustment done please 🙏
2026-06-22 10:20:41
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Amy-Lee Frantz 🌻 :
@Ruwhal27
2026-06-22 11:13:48
0
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