Housing Loan Interest Rate announcement

21st May 2020

By Laylas



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

Finance, Home Loan, Loans


Posted on 2nd November 2020

I have applied for a housing loan and was turned down by my fund.Subsequently I have contacted Absa;Standard and Nedbank.These institutions are more than happy to do business with me.I find it rather ironic that as a member for 30 plus years I did not enjoy the same courtesy.

Jerome Goslett