FNB Bonc Calc - is it working?

[Waaib]

https://www.fnb.co.za/calculators/my-monthly-repayment.html

Seem to tell me that repayments on a R1,000,000 loan,
Over 30 yrs
At Prime less 1%

Are: R37,811.41

Am I reading it wrong?

Edit: Yes I am. Term is in months not years.

 

[bleh69]

lol