Home Loan Monthly Repayments Calculator | Nook

Home Loan Amount

This is the amount you need to lend from a bank. It is typically 80% of the value of the property. The remaining 20% is paid by you in the form of a cash deposit or downpayment / rent-to-own payment plan with a property developer.

Interest Rate

Nook can secure home loans between 5% to 7%. So use this range as your guide. Check your lowest home loan repayment amount and your highest. Use this in your personal budget.

Term of Loan

This is how long you have to pay the bank back. The maximum loan period for condos and apartments is typically 15 years with most major banks. The maximum term for house and lot's is typically 20 years. And vacant lots - 10 years. Use this as your guide.

Disclaimer

Calculations are estimates provided as a guide only. They shouldn't be considered as an approval for a loan or any form of guarantee. They assume interest rates don’t change over the life of the loan and are calculated on the rate that applies for the initial period of the loan e.g. for fixed rate options, the repayments are for the initial fixed rate period only.

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Home Loan Amount

Interest Rate

Nook can secure home loans between 5% to 7%. So use this range as your guide. Check your lowest home loan repayment amount and your highest. Use this in your personal budget.