Instructions

Instructions for Amounts Due:
Enter the payment date that the overdue amounts will be made. Interest will be calculated on overdue payments up to this date.
Enter the date and amount of all payments due in the boxes provided.
After entering the date and amount of payments to be made, proceed to the Payments Made tab to enter information about payments made to date.
If you have not made any payments, proceed to the Summary tab to review and print the calculation of the amounts payable including interest.
Notes:
  • Payment due dates entered should not be later than the payment date of overdue amounts entered.
  • Amounts without dates will not be recognized.

Instructions for Payments Made:
Enter the date and amount of all payments made in the boxes provided.
After entering the date and amount of payments made to date, proceed to the Interest Calculation tab to review and print the calculation of the amounts payable including interest.
Notes:
  • Payment dates entered below should not be later than the payment date of overdue amounts entered on the top section of the Amounts Due tab.
  • Dates must be entered in ascending order.
  • Amounts without dates will not be recognized.
  • Interest is calculated at a rate of 1% or 2%, respectively, compounded monthly, in accordance with the SABS.

Instructions for Multiple Payments:
"Generate Multiple" after entering the initial payment information (the date and amount) upon which the multiple payments are to be based. 
Then select the frequency of the payment and enter the number of payments that you’d like to generate, and click "Apply".

The calculator will generate additional payments based on the date and amount of the initial payment information entered, and the frequency and number of payments requested.
This feature can be used multiple times based on different inputs in order to generate multiple payments based on additional dates, amounts, payment frequencies or number of payments.


Disclaimer
This calculator is not to be used for any purpose other than that expressly stated by Davis Martindale. We do not accept responsibility for any losses arising from unauthorized or improper use of this calculator. We reserve the right, at our discretion, to make revisions to this calculator.

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Amounts Due

General data
Claimant's Name
Claim Number
Date of Accident
Payment Date of Overdue Amounts
Please provide correct Date of Accident and Payment Date of Overdue Amounts to proceed with calculations

Payments Made

Please provide correct Date of Accident and Payment Date of Overdue Amounts to proceed with calculations

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Summary

Please provide correct Date of Accident and Payment Date of Overdue Amounts to proceed with calculations

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