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What is the current home loan interest rate?

As of May 2023, the prime interest rate is 11.75%

This comes after a succession of interest rate hikes as the South African Reserve Bank (SARB) attempts to combat inflation.

Experts believe this upward trend will come to a halt soon, but homebuyers should still consider getting in while the interest rate remains relatively low (despite the hikes the interest rate remains below the average of 13%-15.5%).

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

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Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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