Down Payment Calculator South Africa — 2025-26
Calculate how much you need to save and how long it will take to afford a home. For South Africa. Uses current 2025-26 data.
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Price of the home you want to buy
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How much you've already saved
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How much you save specifically for this goal
Common questions — South Africa
How much down payment is required by banks in India?
RBI regulations: for loans up to ₹30 lakh, LTV (loan-to-value) can be up to 90%. ₹30–75 lakh: up to 80%. Above ₹75 lakh: up to 75%. This means minimum down payments of 10%, 20%, and 25% respectively. Most buyers target 20–25% to keep EMI manageable.
Should I put more than 20% down?
Putting more down reduces EMI and total interest. But consider: if the extra money could earn 10–12% in equity vs 8.75% loan rate, the math slightly favours investing. However, being debt-free or lower-debt is valuable psychologically and reduces risk. There's no universally correct answer.
Can I use EPF for down payment?
Yes. You can withdraw from EPF for home purchase: up to 90% of EPF balance after 5 years of membership. The withdrawal is for: purchase of land (24 times monthly wages) or construction/purchase of house (36 times monthly wages). Form 31 through your employer or EPFO portal.
What are the additional costs beyond the down payment?
Stamp duty: 3–8% (varies by state). Registration: 0.5–1%. Legal/documentation fees: ₹15,000–30,000. Processing fee to bank: 0.25–1% of loan. Valuation charges: ₹5,000–10,000. Interior work: ₹500–2,000/sq ft. Budget 8–12% above property price for all-in cost.
Should I borrow for down payment?
No — borrowing for down payment defeats the purpose. It means you're 100% leveraged on the property. Most banks also won't give a home loan if you've borrowed the down payment. The down payment requirement is specifically designed to ensure you have some equity from day one.