2018 Home loan interest rate poll

[biometrics]

I'm buying and got the first bond offer today at prime+0.29%.

It's been a while since I've done this. Is this an ok rate in 2018?

If you got a home loan this year, what were the rates you were offered?

 

[IzZzy]

I bought a property this year and got Prime less 0.65% with RMB.

I personally wouldn't accept anything less than prime less on a immovable property - but this depends on (1) your financial risk of default generally; (2) how much is being financed (generally the more the finance amount, the less the interest rate) and (3) the term.

 

[ToxicBunny]

I'm buying and got the first bond offer today at prime+0.29%.

It's been a while since I've done this. Is this an ok rate in 2018?

If you got a home loan this year, what were the rates you were offered?

I just extended mine and got prime less 0.5%....

 

[Grubscrew]

We do a lot of sales and the average is prime +, very very few are prime below.

 

[biometrics]

Venomous got prime-1.5%.

 

[GMAN03]

Got prime -0.6 in December last year on a 100% bond

 

[Venomous]

Venomous got prime-1.5%.

Indeed.

First offer was -0.05



However do note there is an existing bond. Not big but still. So this is second

 

[Snyper564]

I'm 29 prime less 0.65 100% bond 1.7m 20yr term with FNB had nothing else with them when bond was approved. It was also a freestanding house

 

[creeper]

Prime -0,65.

 

[Lupus]

I'm 29 prime less 0.65 100% bond 1.7m 20yr term with FNB had nothing else with them when bond was approved. It was also a freestanding house

Free hold. As you can get free standing units in sectional titles as well.
I got prime - 0.25 with FNB

 

[biometrics]

We do a lot of sales and the average is prime +, very very few are prime below.

Are you with a bond originator?

All of the responses in this thread so far has been minus, not plus.

 

[phil77]

FNB Prime -2%

 

[biometrics]

FNB Prime -2%

This year? Care to share amount, deposit and location?

 

[Snyper564]

Free hold. As you can get free standing units in sectional titles as well.
I got prime - 0.25 with FNB

Ah I see. Normal house not in an estate

 

[phil77]

This year? Care to share amount, deposit and location?

This year, switched from Nedbank after a year with them. 0 deposit Fairlands

 

[Snyper564]

From the responses fnb looks most preferable...

 

[shadow_man]

I got a bond back in March (2nd property) - note Prime @ 10.25%:

10.25% - SA Home Loans (who I have existing bond with - fsckers)
9.85% - Standard Bank
9.65% - Nedbank
Absa / FNB - didn't bother to get back to me (and I bank with FNB - 2nd bond they've lost out on)

Then prime got adjusted @ 10.00% - so currently my Nedbank home loan is on 9.45% (20% deposit)

So prime -0.65%

Age: 31

 

[Neuk_]

We got a bond last year, best rate was with ABSA at prime less 1.05pp with Standard Bank a close second at prime less 1.02pp. FNB declined due to an ongoing issue my SO has with a falsely lodged judgement, Investec offered prime less 05pp after taking nearly 3 weeks to process the application. I bank with Standard Bank so pushed them to match ABSA so I could keep everything with them but they refused to budge.

 

[Mike Hoxbig]

Prime -2%

Purchase price 1.2m, deposit 300k, bond 900k, Jhb South

 

[HibiscusTunes]

3 years ago, prime + 0.25 @ Nedbank for 100% loan. Maybe time to shop around.