The South African Reserve Bank announced on Tuesday 22, September 2009 that interest rates will remain unchanged for the next few months, until the Monetary Policy Committee meets again later this year. If you are looking to buy a property soon, you may not find a better time than the present.
A common question among many South African homeowners is whether saving money into their bonds to pay it off quicker is better than investing in a high-interest savings account.
FNB Debt Consolidation: Now you can use a Credit Card to consolidate your debts, lower your monthly expenses and qualify for a home loan. With an FNB Visa Credit Card you’ll be able to consolidate all your debts into one card and pay it off at an INTEREST RATE OF PRIME -1%.
In response to the high cost of living the four major Banks – ABSA, Standard, FNB and Nedbank – have come out unanimously agreeing that homeowners should look to consolidate debts into one low interest account - their Home Loans.