Fixed Rate Options From ABSA Home Loans

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.

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