What is Interest Rates?
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed.
Best Home Loan Interest Rates In South Africa
Below are some of the Best Home Loan Interest Rates.
| Term | Annual rate | Comparison rate1 |
|---|---|---|
| 4 year standard fixed rate | 7.09% p.a. | 8.32% p.a. |
| 4-year standard fixed rate | 6.99% p.a. | 8.23% p.a. |
| LVR above 70% up to 80% (No change to standard rate) | 7.09% p.a. | 8.32% p.a. |
| LVR up to 70% (Includes a discount of 0.10% p.a.) | 7.19% p.a. | 8.24% p.a. |
Which South African bank has the lowest loan interest rates?
Capitec
- Their interest rates are as low as 12,9%.
- You can take between 1 and 84 months to repay your loan.
- You can borrow up to R250 000.
- It’s easy to add affordable loan insurance.
Which bank gives the best home loan rate?
Top Home Loan Banks
- SBI Home Loan. 8.05%-8.55%
- HDFC Home Loan. 8.60% – 9.50%
- Axis Bank Home Loan. 7.60% – 8.05%
- ICICI Home Loan. 8.40% – 9.45%
- Bank of Baroda Home Loan. 7.45% – 8.80%
- PNB Home Loan. 8.25% – 11.20%
- LIC Housing Finance Home Loan. 8.00% – 9.25%
- Aditya Birla Home Loan. 8.00% – 13.00%