When the SARB changes rates, homeowners often want to know exactly how much their bond payment will change. The answer depends on the structure of their loan and the rate attached to it — understanding this distinction avoids assuming every SARB announcement translates into the same percentage change for every borrower.
Source: South African Reserve Bank
Frequently Asked Questions
What is the SARB policy rate?
It is the key monetary-policy rate used by the Reserve Bank to influence financial conditions.
Is my bond interest rate identical to the policy rate?
No.
Why can two homeowners have different interest rates?
Banks can price loans differently based on borrower risk, loan terms and other factors.