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@greenleaf62 Thanks. I will ask them if this is the case.

@hsrl Thanks yes I have option 2 and recalculate my monthly payment after each extra deposit I make. Usually they drop the installment amount but this time they told me it went up slightly! I have challenged it and they tried to fob me off with a weak and flawed reason: "When I requested an...

Is anyone in the know how standard bank calculate bond repayments? I have recently paid an additional R40k into my bond and asked for a recalculation. The result was that my monthly repayment has increased by R50 per month. How is it mathematically possibly that I have reduced the capital...