Who or what determines the bond interest rate?
The bond interest rate is determined by the South African Reserve Bank. And currently, the prime lending rate is set at 7.25% and all banks have to adhere tothis interest rate.
Are there any hidden costs I don’t know about?
There are costs that aren’t commonly known but might catch you off guard, these are called the transfer and bond costs, you can use our calculator work them out.
How accurate are these calculators?
These costs are purely indicative of what kind of home loan you can afford, a more accurate measure would be a pre-qualification, you can contact us to pre-qualify today.