This is how you can use the new interest rate to save almost R500,000 on your home loan
What if we told you that you could save over R480,000 in interest repayments to the bank on a R1.4 million house or apartment if you paid just R1,000 more than your required instalment over 20 year repayment plan. Of course, despite the 25 basis points interest rate cut, many South Africans - including high income earners - are currently cash-strapped and in debt, but an additional R1,000 and consistent […]
