NEWS ARTICLE

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Housing Loan Interest Rate announcement

21st May 2020

By Laylas

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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

Comments

jgoslett
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