The South African Reserve Bank (SARB) has decided to keep the repo rate unchanged at 7.5%, meaning the prime lending rate in the country will remain steady at 11%. This decision follows a vote by the Monetary Policy Committee (MPC), where four members supported keeping rates unchanged, while two favored a 25-basis point cut.

What This Means for Homeowners and Buyers

For prospective and current homeowners, the unchanged interest rate means stability in home loan repayments. This decision aligns with predictions from economists and analysts, who widely anticipated that SARB Governor Lesetja Kganyago would announce a hold on interest rates.

Key Takeaways:

• The repo rate remains at 7.5%, while the prime lending rate stays at 11%.
• Stability in interest rates means home loan repayments will not increase for now.
• The decision reflects the SARB’s cautious approach to balancing inflation control with economic growth.

How Does This Impact Your Home Loan?

If you are considering purchasing a home, the unchanged interest rate provides a predictable environment to plan your mortgage. While rates have stabilized for now, they may change in the future, making it essential to secure the best possible home loan deal while conditions are favorable.

Get Pre-Approved with O-YES Home Loans

With interest rates holding steady, now is a great time to get pre-approved for a home loan. Pre-approval helps you:

• Understand your borrowing capacity based on your financial profile.
• Strengthen your position as a buyer by showing sellers that you are financially prepared.
• Lock in competitive interest rates before any potential future hikes.

At O-YES Home Loans, we simplify the process by submitting your application to multiple banks, ensuring you get the best possible deal.

Don’t wait—secure your home loan pre-approval today! Contact O-YES Home Loans and take the first step toward homeownership.