NEWS ARTICLE

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Housing Loan Interest Rate announcement

21st May 2020

By Laylas

  Average Rating

 

Housing Loan interest rate announcement

 

The South African Reserve Bank, today, announced their decision to decrease the repo rate to 3.75%, down from 4.25%. 

This means that, based on the current repo rate, the interest rate on housing loans issued by the Fund will reduce from 6.25% to 5.75%.

Members with housing loans will receive specific communication regarding the change in the interest rate.

 

For further information, contact the Fund by sending an email to info@capefund.com

Finance, Home Loan, Loans