Finance Offer Comparison Calculator

Use this calculator to compare two or three finance offers side by side. See how differences in interest rate, repayment term, fees and any balloon or residual affect the monthly repayment, total interest and estimated overall finance cost.

This calculator provides indicative planning estimates only and does not represent financial advice, a lender recommendation, quotation, pre-approval or approval.

LookingFor.Finance — Finance Offer Comparison

Finance Offer Comparison

Compare the full cost, not just the repayment.

Enter the terms of two finance offers to compare the monthly repayment, interest, fees, balloon or residual and estimated total cost over the full finance period.

Add a third offer if required. Results update instantly as you change the assumptions.

The lowest repayment may not be the cheapest finance.

A longer repayment term can reduce the monthly payment while increasing the total interest and overall cost of the finance.

Step 1

The amount you need to finance.

All offers are compared against the same underlying finance requirement, so the comparison stays like for like.

R1,500,000

Enter the amount of finance you want to compare across all offers.

R10,000R100,000,000

Compare the offers

Side by side, on the figures entered.

Marks show which offer is lowest on each measure. They describe the calculation only — not suitability.

What is the term doing to the cost?

The repayment period changes the arithmetic.

Monthly cash-flow difference

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Difference in total finance cost

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Difference in repayment periods

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Cost difference

Measured against the lowest calculated total finance cost.

    What matters most to you?

    Your priority changes the reading, not the numbers.

    This selection does not affect any calculation. It only changes which measure is summarised below.

    Normalised planning comparison

    What if the terms were the same?

    This comparison applies the same repayment period to each offer to help show how rate and cost differences affect the result. It does not mean that each provider offers finance on this term.

    20 years
    1 year30 years

    Where an offer has a balloon, its percentage of the opening financed balance is retained rather than its Rand amount, so the structure stays comparable.

    What these offers are really doing

    A plain reading of the comparison.

      Keep the comparison

      Print or copy what you have entered.

      The principle

      The lowest repayment is not necessarily the lowest-cost finance.

      A lower monthly repayment can result from a lower interest rate, a longer term, a balloon or a different fee structure. To understand the real difference between offers, compare the repayment together with the total interest, fees, term and any amount still payable at the end.

      The most suitable structure depends on both the cost of the finance and what you are trying to achieve.

      Rate + term + fees + balloon = the real finance comparison

      Compare like with like

      Two offers can look similar and be structured very differently.

      A meaningful comparison should consider the same underlying finance requirement and distinguish between costs paid upfront, costs added to the finance, monthly fees and any balloon or residual.

      Want help comparing the structure behind the numbers?

      The interest rate and monthly repayment are only part of a finance offer. LookingFor.Finance can help you assess the requirement, compare the structure and costs, and consider suitable funding routes before the matter moves into formal application.

      Start with your situation

      This calculator provides indicative planning estimates for general information and comparison purposes only. Calculated repayments and costs may differ from actual finance-provider quotations because of rate calculations, payment dates, fee structures, insurance, taxes, rounding, variable interest rates, early settlement terms and other contractual provisions.

      The lowest calculated repayment, interest rate or total cost does not by itself determine which finance structure is most suitable for your circumstances.

      Results do not constitute financial advice, a lender recommendation, quotation, pre-approval or indication that finance will be approved.

      Actual terms, rates, fees, security requirements and lending decisions are determined by the relevant finance provider.

      LookingForFinance assesses, structures and positions your finance requirement. Qualifying applications are referred to suitable regulated financial services providers.

      START THE CONVERSATION

      Whether you are still planning or need finance now, tell us what you are trying to achieve and where you are in the process. We’ll help you understand your position, identify what needs attention and determine the most sensible next step.

      No obligation. No long application form. Start with a conversation.

      Joe Meyer

      email:

      WhatsApp:

      060 016 5253

      TELL ME ABOUT YOUR SITUATION

      Tell us what you're planning and where you are in the process. It only takes a minute or two, and gives us the context to continue the conversation with purpose.

      Choose the option that best describes your situation. If you're unsure, that's fine.
      This helps us understand whether you're exploring, preparing or ready to move.

      LookingForFinance assesses, structures and positions your finance requirement. Qualifying applications are referred to suitable regulated financial services providers.

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