Skip to content

What is the current prime interest rate in South Africa?

The current prime interest rate is 7.25%, as of November 2021.

The SARB (South African Reserve Bank) controls the repo rate (repurchase rate); the rate at which SARB lends to South African banks. This in turn determines the prime interest rate, and then the rate at which banks will lend to its customers.

The prime interest rate is the repo rate plus the amount added by the bank in order to ensure they make a profit on their loans.

Get a free home loan comparison

Multiple quotes from the big banks to compare.

Apply

Ranked #1 in Financial Services on Hellopeter

hello-peter
image-stars

Average rating of 4.82 from over 3 000 reviews

Simply The Best

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.

Tia J

Excellent Service

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.

Brice G

Bond Application

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.

Butana M