Home Loan Interest Rates South Africa 2024. Welcome to your future home in the charming suburb of newlands, gauteng. In july 2022, the prime interest rate was raised to 9%, which is an increase of 0.75% from the previous 8.25%.
The interest rate that your bank charges is based on the repo rate which is set by the south african reserve bank (sarb). In this article, we will delve into how home loan interest works and the direct impact of interest rates on your bond.
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