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Assuming your salary was paid into your Transact Account and swept into your Home Loan Account on the 1st of each month and you made the following withdrawals throughout the month:
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Day 1
Day 1
Day 5
Day 10
Day 15
Day 20
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R30 000.00 (Salary paid in)
R11 010.86 (Bond instalment)
R5 000.00
R5 000.00
R3 000.00
R4 989.14 (Save R1000 each month)
R29 000.00 SPEND
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Because interest is calculated daily, every cent you leave in your home loan saves you interest. |
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Integer is a Registered Credit Provider (NCRCP1625)
and an Authorised Financial Services Provider.