South Africa: Mortgage credit interest rate

* indicates monthly or quarterly data series
The most recent value is 11.25 percent as of November 2024, a decline compared to the previous value of 11.5 percent. Historically, the average for South Africa from January 1965 to November 2024 is 12.76 percent. The minimum of 7 percent was recorded in January 1965, while the maximum of 24 percent was reached in September 1998. Click on the following link to see the values of: Mortgage credit interest rate around the world.
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* indicates monthly or quarterly data series

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  • Measure: percent
  • Source: South African Reserve Bank

Recent values South Africa: Mortgage credit interest rate, percent
2024  Nov 11.25
2024  Oct 11.5
2024  Sep 11.5
2024  Aug 11.75
2024  Jul 11.75
2024  Jun 11.75
2024  May 11.75
2024  Apr 11.75


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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.

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 Exchange rate regimes 7 2022 index points
 USD exchange rate 18.7227 1/2025 Local Currency Units per USD
 Money supply (broad money) 4,473.22 12/2024 billion
 Consumer Price Index (CPI) 116.1000 12/2024 index points
 Inflation, monthly 0.09 12/2024 percent
 Inflation, annual 3.02 12/2024 percent
 Private sector credit 4,456.15 12/2024 billion
 Business credit 2,267.09 12/2024 billion
 Household credit 2,189.06 12/2024 billion
 Deposit interest rate 8.97 9/2024 percent
 Mortgage credit interest rate 11.25 11/2024 percent
 Policy rate 7.75 12/2024 percent
 Household debt to GDP 34.30 6/2024 percent
 Debt service ratios for private non-financial sector 8.20 Q2/2024 percent
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