Business Finance Calculator Information

The business finance calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. It also calculates the time saved to pay off the business finance and the amount of interest saved based on an additional input from you the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.

Calculator Assumptions

Length of Month

All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.

Number of Weeks or Fortnights in a Year

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Rounding of Amount of Each Repayment

In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.

Rounding of Time Saved

The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.

Amount of Interest Saved

This amount can only be approximated from the amount of time saved and based on the original loan details.

Calculator Disclaimer

The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.

Business Loan Calculator

Loan Amount Enter your finance amount

Repayment Period Enter the number of months you plan to repay the loan

Repayment Frequency

Interest Rate Prime lending rate

Payment Mode Please choose payment mode of the loan.

**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.

Period	Payment	Interest	Balance

{frequency} Payment

Balloon amount (0.00%)

R0.00

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Nico

Chief Executive Officer

Nico leads Intello Group with a clear vision for growth, guiding the business as it creates practical funding solutions and lasting value for its clients.

Xander

Chief Operating Officer

Xander drives Intello Group’s operations, turning strategy into action and ensuring the business continues to deliver efficiently as it grows.

Kennith

Chief Financial Officer

Kennith leads the group’s financial strategy with a strong belief that people do business with people, and that exceptional service should always come first, internally and externally.

Jaun-Jacques

Financial Manager

Jaun-Jacques manages the group’s financial operations, helping to maintain strong financial controls, accurate reporting and sound decision-making.

Corné

Head of Legal & Compliance

Corné leads Intello Group’s legal and compliance function, ensuring the business operates responsibly and within the required regulatory frameworks.

Matthew

Executive Director

Matthew helps guide the group’s strategic growth, viewing working capital as more than finance, it is a way to create meaningful opportunities for businesses to grow.