Interest rate cut of 0.25%

Bond Gallery welcomes the interest rate cut of 0.25% announced by the South African Reserve Bank. The decision to cut interest rates will save South African home owners nearly R100 000 on a R2,5 m home loan over a 20 year period. The new prime lending interest rate is at one of the best levels in three decades and, with banks competing for home loans by offering finance at easier terms, conditions at present are ideal for prospective homebuyers to invest in property.

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