Home Loan Hangover

Home Loan Hangover

According to Eighty20’s latest Credit Stress Report, the average overdue balance increased from R46,034 to R56,510 for individuals who have overdue balances on their home loan. This equates to an average of 10 additional monthly payments that are required to catch up the overdue amount.

For more insights on the impact of the economy on South African consumers, download the latest Eighty20 Credit Stress Report

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