Housing Loan interest rate announcement
On 25 May 2023, the South African Reserve Bank announced their decision to increase the repo rate to 8.25%, up from 7.75%.
This means that, based on the current repo rate, the interest rate on housing loans issued by the Fund will increase to 10.25%.
Members with housing loans will receive specific communication regarding the change in the interest rate.
For further information, contact the Fund by sending an email to info@capefund.com