What is a variable interest rate loan?

Author
MyProperty
South Africa's #1 independent property portal

If interest rates rise or drop, the borrower's home loan rate will rise or fall accordingly.

This facility is usually taken up if the borrower believes that interest rates are falling and is not too concerned about rising rates. Interest rates only apply to outstanding balances on the loan.

See how different interest rates will influence your repayments by using our bond calculator

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