First-Time Home Buyers in South Africa: Deposits, 100% Bonds and Approval Rates Despite higher interest rates, first-time buyers are still driving South Africa’s property market, making up around 48% of home loan applications in the first half of 2026 according to ooba Home Loans. Deposits have fallen, and many buyers are applying for 100% bonds …
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Balloon Payments on Car Finance: Are They Worth It in South Africa? A balloon payment lowers your monthly car instalment by postponing part of the vehicle’s cost to a lump sum at the end of the finance agreement. They are common: WesBank says around 30% of its vehicle finance business includes a balloon, and the …
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Vehicle Finance After the Rate Hike: What Your Car Loan Could Cost South Africans are still buying new cars, with 61,645 new vehicles sold in September, up 12.7% on a year earlier. However, the rate hike adds pressure to household budgets, and the full effect on car buying is expected to become clearer over the …
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Home Loan Repayments After the Rate Hike: How Much More Will You Pay? The September repo rate increase to 7.25% has pushed the prime lending rate to 10.75%, and homeowners with prime-linked bonds will see their monthly repayments rise. Seeff Property Group says the increase pushes prime to its highest level since May 2025, wiping …
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How to Check and Improve Your Credit Score Before Applying for a Loan in South Africa Your credit score is one of the first things a lender looks at, and it can affect whether you are approved and what interest rate you are offered. With borrowing costs rising after the repo rate hike, a stronger …
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Festive Season Borrowing in South Africa: How to Avoid a January Debt Hangover With Black Friday on 27 November and December around the corner, many South Africans will be tempted to borrow for gifts, travel and groceries. Debt experts warn that this pattern repeats every year: people take on more credit in December, then struggle …
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Debt Consolidation Loan vs Debt Review: Which Is Right for You? With the repo rate rising and many households already stretched, more South Africans are asking how to bring several debts under control. The National Credit Regulator has noted that around 10 million consumers are considered over-indebted. Two common routes are a debt consolidation loan, …
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Repo Rate Hike to 7.25%: What It Means for Your Loan Repayments On 23 September 2026 the South African Reserve Bank (SARB) raised the repo rate by 25 basis points to 7.25%, and the prime lending rate rose to 10.75%. The decision was unanimous and was driven by renewed fuel price pressure, with the SARB …
Get personal loans of upto R250,000! Some expenses or emergencies cannot wait,alleviate the financial stress by getting a loan with Old Mutual today. Whether you want to attend to a significant expense,pay for your studies or seizea once-in-lifetime opportunity, we’ve got you. What’s in for you? ID document, 3 months bank statement not older than …
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FinChoice is always ready to answer your questions and lend a helping hand. If you have a question or query, you can contact in the following ways: Telephone: 0861 346 246 SMS: SMS ‘LOAN’ to 083 8555 700 and we’ll call you back. Email: info@finchoice.com Fax: 022 065 0101 KwikServe® Register for KwikServe by dialing …
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