Banks’ Present Interest Rate Offerings

Over and above securing the actual capital finance for a new property purchase, it is important to understand the range of interest rates banks are presently financing at and how the personal aspects of your application can affect the interest rate offered on your home loan. Some important factors that Read more…

More Interest Rate Cuts Expected

There are, currently, many positive signs for the future of the property market. Tony Clark, MD of Rawson Properties, believes that interest rates in South Africa are set to be cut even further. Clark adds that an interest rate cut of 0.5% will benefit the property market, perhaps far more Read more…

How the most recent interest rate cut will affect your pocket.

The South African Reserve Bank cut interest rates by 0.5% last month (sept) to bring the prime rate down to 9.5%.

The cut was welcomed by many consumers and homeowners. A drop of 0.5% could translate to a huge saving over the full term of your bond. While, in the short term, it means more consumers are now better able to manage their monthly debt commitments.

Here’s how the most recent rate cut will affect your pocket…

Prime Interest Rate Remains Unchanged At 10%

Interest Rates were kept unchanged yesterday (22 July 2010), leaving the prime interest rate at 10%. The South African Reserve Bank has put the breaks on rate cutting in recent months. The last interest rate cut took place in March this year. In total interest rates have been slashed by Read more…

Prime Interest Rate Cut to 10% in March 2010

On March 25th, 2010 the South African Reserve Bank (SARB) cut interest rates by 0.5%.The prime rate moved from 10.5% to 10%. The Prime Interest Rate is used by the major banks on their home loan products. How Does This Interest Rate Cut Affect Your Pocket?

Interest Rates Remain Unchanged, Again

Home Loan News: interest rates The South Africa Reserve Bank‘s monetary policy committee completed their first meeting of the year 2010, with an announcement from the new governor that interest rates will remain unchanged. The prime interest rate will remain at 10.5%; despite many calls for a cut in the Read more…