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%).