1. R172 533 R47 227
COST PRICE INTEREST & ADMIN FEES
R0
R50 000
R100 000
R150 000
R200 000
R250 000
REPAYMENT OVER 48 MONTHS
YEAR 1 YEAR 2 YEAR 3 YEAR 4
COST PRICE
OF CAR
CAPITAL
AMOUNT
REPAID
INTEREST
& FEES PAID
R100 000 R32 777
COST PRICE INTEREST & ADMIN FEES
Accessing credit is pretty easy for South Africans and as
a result many of us fall into a ‘debt trap’. But do you
know how much it really costs to buy on credit? Taking
both interest and fees into account, you are paying a lot
more than the original pricetag...
RETURN ON INVESTMENT
the real cost of your car
48 MONTH LOAN @ 12% INTEREST
the real cost of your student loan
54 MONTH LOAN @ 10.5% INTEREST
the real cost of your credit card the real cost of your store credit
FLAT SCREEN BOUGHT WITH 36 MONTHS TO PAY@ 14% INTEREST HANDBAG BOUGHT WITH 12 MONTHS TO PAY @ 21% INTEREST
What if, instead of of spending on credit, you saved R1000
per month for 60 months @ 8% return on investment...
the power of a savings plan
Information compiled by Sanlam | www.sanlam.co.za
R0
R30 000
R60 000
R90 000
R120 000
R150 000
REPAYMENT OVER 54 MONTHS
YEAR 3 YEAR 4YEAR 1 YEAR 2 YEAR 5
COST PRICE
OF LOAN
CAPITAL
AMOUNT
REPAID
INTEREST
& FEES PAID
NOTE: all prices, interest rates, fees and repayment periods are estimates and are not based on information from any specific organisation.
THE REAL COST OF CREDIT
WAS
R172 533
R219 760TOTAL AMOUNT REPAID
COST PRICE
NOW
27%MORE
R15 000 R3 996
COST PRICE INTEREST & ADMIN FEES
WAS
R15 000
R18 996TOTAL AMOUNT REPAID
COST PRICE
NOW
26%MORE
WASR60 000
R73 414
TOTAL AMOUNT SAVED
INVESTMENT AMOUNT
NOW
22%MORE
R550 R341
COST PRICE INTEREST & ADMIN FEES
WAS
R550
R891TOTAL AMOUNT REPAID
COST PRICE
NOW
62%MORE
WASR100 000
R132 777TOTAL AMOUNT REPAID
COST PRICE
NOW
33%MORE
REPAYMENT OVER 36 MONTHS
YEAR 1 YEAR 2 YEAR 3
COST PRICE
OF CREDIT
CARD
CAPITAL
AMOUNT
REPAID
INTEREST
& FEES PAID
R0
R4 000
R8 000
R12 000
R16 000
R20 000
R60 000 R13 414
AMOUNT SAVED
REPAYMENT OVER 12 MONTHS
COST PRICE
OF HANDBAG
CAPITAL
AMOUNT
REPAID
INTEREST
& FEES PAID
1 2 3 4 5 6 7 8 9 10 11 12
R150
R0
R300
R450
R600
R750
R900
YEARLY
INVESTMENT
AMOUNT
RETURN ON
INVESTMENT
INVESTMENT OVER 60 MONTHS
YEAR 3 YEAR 4YEAR 1 YEAR 2 YEAR 5
R0
R15 000
R30 000
R45 000
R60 000
R75 000