The 30% of nett income rule, running on your own website.
Built for Northern Cape estate agents working Hadison Park, Memorial Road, Royldene, and beyond. Bond Affordability Calculator has no provincial version and nothing regional to switch on. Agents in Northern Cape get the same screens and the same fields as agents anywhere else in South Africa. What changes is the stock you work, not the software.
On your agent website open the Tools menu in the navbar and choose Calculator. The page loads at /tools/calculator under the heading Calculators, with your own navbar and footer.
The calculator opens on Bond Repayment. Click Affordability, the second of the four tabs, to move to the qualification view.
Fill in Gross Monthly Income (R) and Total Expenses (R). Nett Monthly Income (R) is worked out for you and shown read only beside them.
Loan Amount You Qualify For and Monthly Bond Repayment animate to their new figures as you type, using the Interest Rate (%) and Bond Term (Yrs) you set.
Gross monthly income less total expenses gives nett income. Monthly Bond Repayment is set at 30% of that, and Loan Amount You Qualify For is what that repayment services at the rate and term you entered. One rule, applied the same way every time.
The Bond Repayment tab carries a link reading "What do I qualify for based on my income?" that drops you straight into this calculation.
It sits on your agent website under Tools, Calculator at /tools/calculator, so you can send a buyer the link instead of running it for them.
Yes. Bond Affordability Calculator has no Northern Cape version and no provincial setting to configure. An agency working Hadison Park, Memorial Road, Royldene, and beyond gets the same screens, the same fields and the same defaults as an agency anywhere else in South Africa. The province is the context you bring to it: median Northern Cape price is R720k, and the trend there is steady, mining + agriculture led.
It is a 30% of nett monthly income rule of thumb at the interest rate and term you enter, not a credit assessment. Useful for setting a search range, never a pre-approval.
No. There is no bank or originator integration, and no bank is named anywhere in the calculator. The CRM does have a Bond Originator contact type, and an agreement carries a bond originator field, so you can record who you referred the buyer to.
Yes. The calculator is public on your agent website under Tools, Calculator, and a Calculator section also appears on sale listing pages that are not price on application. It makes no server call, so nothing is submitted and no lead is created.
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