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