Fixed Rate Options From ABSA Home Loans
In Nov 2007, when it seemed that interest rates had already peaked, ABSA home loans launched a campaign offering homeowners the chance to Fix their Home Loan Interest Rate at 11.75% – 2.25% below prime at the time.
It seems the bank was a bit hasty in launching that campaign as rate hikes have not stopped.
ABSA homes loan have as a result revised its Fixed Rate Options:
- The Maximum Fixed Rate Term is still 10 years
- The Shortest term is 1 year
- The Best Rates of 1% below prime are reserved for loans that are less than 80% of the total value of your property
Applicable to loans where the Loan to Value is Less then 80.00%
|
Loan Amt / Term |
1 Yr |
1½Yr |
2 Yr |
3 Yr |
4 Yr |
5 Yr |
6 Yr |
7 Yr |
8 Yr |
9 Yr |
10 Yr |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
R0k to R199k |
15.50 |
15.55 |
15.35 |
15.50 |
15.55 |
15.65 |
16.20 |
16.10 |
16.20 |
16.05 |
15.80 |
|
R200 to R350k |
15.20 |
15.25 |
15.05 |
15.20 |
15.25 |
15.35 |
15.90 |
15.80 |
15.90 |
15.75 |
15.50 |
|
R351 to R500k |
15.05 |
15.10 |
14.90 |
15.05 |
15.10 |
15.20 |
15.75 |
15.65 |
15.75 |
15.60 |
15.35 |
|
R501k+ |
14.65 |
14.70 |
14.50 |
14.65 |
14.70 |
14.80 |
15.35 |
15.25 |
15.35 |
15.20 |
14.95 |
Applicable to loans where the Loan to Value is Greater or equal to 80.00%
|
Loan Amt / Term |
1 Yr |
1½Yr |
2 Yr |
3 Yr |
4 Yr |
5 Yr |
6 Yr |
7 Yr |
8 Yr |
9 Yr |
10 Yr |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
R0k to R199k |
15.75 |
15.80 |
15.60 |
15.75 |
15.80 |
15.90 |
16.45 |
16.35 |
16.45 |
16.30 |
16.05 |
|
R200 to R350k |
15.45 |
15.50 |
15.30 |
15.45 |
15.50 |
15.60 |
16.15 |
16.05 |
16.15 |
16.00 |
15.75 |
|
R351 to R500k |
15.30 |
15.35 |
15.15 |
15.30 |
15.35 |
15.45 |
16.00 |
15.90 |
16.00 |
15.85 |
15.60 |
|
R501k+ |
14.90 |
14.95 |
14.75 |
14.90 |
14.95 |
15.05 |
15.60 |
15.50 |
15.60 |
15.45 |
15.20 |
Note these rates are subject to change, and are correct at the time of writing.
Use this Bond Calculator to calculate your Bond Savings.
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