Will a better interest rate on my bond make much of a difference?

The home loan interest rate determines how much you’re going to have to pay the bank, above and beyond the actual value of the home you are purchasing. A rate cut of as little as 0.25% on, say, a R1 million home loan, can save you close to R40 000 over 20-year term. That’s why, when applying for a home loan, one of your most important goals should be to secure the lowest home loan interest rate possible.

Learn more about home loan interest rates and how to get the best deal on your bond.