Standard Bank has reduced its fixed home loan interest rates from last
week.
Apart from offering fixed rates to borrowers who are currently paying
variable interest rates, the bank is also offering lower fixed rates if you
are currently locked into an existing fixed rate contract at Standard Bank.
The rates are:
For existing borrowers: Loans under R150 000: 15,15 percent for 12 months;
16,20 percent for 18 months and 16,45 percent for 24 months.
Loans between R150 000 and R400 000: 14,90 percent for 12 months; 15,95
percent for 18 months and 16,20 percent for 24 months.
Loans over R400 000: 14,65 percent for 12 months; 15,70 percent for 18
months and 15,95 percent for 24 months.
For new homeowners: Loans under R150 000: 14,65 percent for 12 months;
15,70 percent for 18 months and 15,95 percent for 24 months.
Loans between R150 000 and R400 000: 14,40 percent for 12 months; 15,45
percent for 18 months and 15,70 percent for 24 months.
Loans over R400 000: 14,15 percent for 12 months; 15,20 percent for 18
months and 15,45 percent for 24 months.
For borrowers on a fixed rate contract: If the remaining period is six
months or less: 15,50 percent for 12 months; between six and 12 months:
16,75 percent for 18 months and for a period more than 12 months: you are
offered 16,90 percent for 24 months.