Interest Rates
We use tiered rates based on your deposit and credit score:
Override manually if you have a bank offer.
Credit Score Requirements
SA banks typically require:
Monthly Repayment
Standard amortization formula:
M = P × r × (1 + r)^n / ((1 + r)^n – 1)
Where:
M = monthly repaymentP = loan amount (value - deposit)r = monthly rate (annual / 12)n = months (years × 12)Affordability Check
clxr assumes max 33% of net income should go to repayments. We also flag if your credit score is below typical bank minimums.
Term Comparison
We compare your selected term vs 30 years to show total interest saved.
We'll send your pre-approval details to a clxr bond originator who will contact you to assist with your home loan application. No credit check required.
Opening your email client... A clxr bond originator will contact you within 2 business hours.