The Rise of The Mortgage

The Rise of The Mortgage

With the Prime Lending Rate 3.25% higher than this time last year, someone with a R1.5m home loan (which will get you a one bedroom flat in Cape Town City Bowl) has to find an additional R3,000 per month just to cover their installments.

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

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