Home Loans

Mortgage Tips: SA Home Loans

1. SA Home Loans Interest Rates
   Most home loan providers in South Africa lend money based on the Prime Interest Rate and have been forced to increase their rates due to the consistent rise in prime rates over the past 6 months.

   SA Home Loans (SAHL) is not a bank, they are Home Loan specialists and their lending rates are based on the JIBAR rate (definition). SAHL rates are at times offered at less than the Prime lending rate.

   At the time of writing, the JIBAR base rate was 11.3% while the Prime base rate was 15%

2. Interest Only Home Loans
   SAHL offers one of the most unique home loan products currently available. The interest only bond gives you the choice to pay only the interest portion of your home loan. This is ideal for commission earners or self employed clients, who have an inconsistent income.
   Read more on the SA HOME LOAN INTEREST ONLY bond
3. Flexible Terms
   While the average South African holds their bonds for about 5 years – SAHL does give you the choice to extend the term of your home loan to over 20 years. Most banks limit their home loan terms to a maximum of 20 years.

   A longer term will lower you monthly bond instalment, making it easier to manage your financial commitments during high interest rate cycles.

For more assistance regards these and other options available to your Contact one of our consultants.
Email: Olen@propertyloans.co.za
Ph: 0861 111 563
or Complete This Online Form