Finance your Home

You are here:

Navigate Finance your Home

Browsing History

Favourites

Variable interest rate on your home loan

A variable interest rate is a fluctuating rate based on the prime lending rate, as set by Absa from time to time. You are able to negotiate a potential concession with Absa. If interest rates change, so does your monthly repayment.

A variable interest rate could be the right choice if you:

Believe that interest rates will be reducing in the short to medium term
Have sufficient disposable income to handle variations in your repayment

Did You Know?

You can extend the term of your home loan and incur a higher interest rate charge over the longer period. Use this option as a short-term solution and revert back to the original or shorter term soon.

What you get?

An interest rate that is individually determined, based on your personal and property details
An interest rate that fluctuates with the prime lending rate
The ability to switch from this rate option to another rate option at any time