Standard Bank has cut its fixed and capped home loan interest rates and has changed the way it is quoting capped rates to eliminate confusion.
Although other big retail banks have not yet announced similar cuts, they said they were reviewing the situation.
Standard Bank's variable home loan rate remains at 20 percent, but you can also take a fixed interest rate of 18,20 percent for a year (down from 19 percent), 17,8 percent for 18 months and 18,5 percent for two years.
As interest rates are expected to fall in the next few months you should assess the situation carefully before opting for a fixed home loan rate.