Following two interest rate hikes by the Bank of Namibia since June 2014, we have had many questions as to the impact of the increased interest rates on individuals mortgage repayments. As such, we have compiled the below (simple) calculator to assist clients with the calculations.
Just change the grey cells values as per your loan, and the calculator will do the rest. Note that the mortgage lending rate is currently filled in, but if you have a mortgage+ or mortgage- rate, you will have to change this.
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