Finance your Home

You are here:

Fix the interest rate on your home loan

Fed up of having to repay more on your loan every time interest rates go up? Would you like the certainty of knowing your repayment will be the same every month? With an Absa Home Loan you can fix your interest rate for a predetermined period of time, up to 2 years. Then, after this period has expired, the interest rate simply reverts back to the prime lending rate applicable at that time.

Fixing the interest rate of your home loan could be the right choice if you:

Would like your home loan repayment to remain constant
Want to be protected against upward fluctuations in the prime lending rate
Prefer regular payments with no surprises
Have a limited or fixed income
Plan to stay in the home for a long time
Want protection from rising interest rates
Are refinancing at a time when interest rates are comparatively low

What you get?

Certainty regarding what your repayments will be for the specified period
Protection against upward movements in the prime lending rate
The fixed rate option may not be terminated prior to the expiry of the agreement
The variable interest rate option or another fixed rate option can be applied once the fixed rate option expires