| Effective from | Repo | Prime | Spread |
|---|---|---|---|
| 24 September 2026 | 7.25% | 10.75% | 3.50 |
| 29 May 2026 | 7.00% | 10.50% | 3.50 |
| 20 November 2025 | 6.75% | 10.25% | 3.50 |
| 31 July 2025 | 7.00% | 10.50% | 3.50 |
| 29 May 2025 | 7.25% | 10.75% | 3.50 |
| 30 January 2025 | 7.50% | 11.00% | 3.50 |
| July 2020, cycle low | 3.50% | 7.00% | 3.50 |
| May 2023, cycle high | 8.25% | 11.75% | 3.50 |
| Product | Typical pricing |
|---|---|
| Home loan | Prime, or prime less a margin for a strong applicant |
| Vehicle finance | Prime plus 1 to 3 percentage points |
| Personal loan | Prime plus a wide margin, capped by the NCA |
| Credit card | Capped by the National Credit Act formula |
| Margin lending | Set by the broker, often referenced to prime |
| Date | Repo | Prime | What it marked |
|---|---|---|---|
| September 2026 | 7.25% | 10.75% | Current level |
| November 2025 | 6.75% | 10.25% | Cycle low of the cutting phase |
| May 2023 | 8.25% | 11.75% | Peak of the hiking cycle |
| July 2020 | 3.50% | 7.00% | Record low |
| January 2016 | 6.75% | 10.25% | Mid-cycle for comparison |
| Loan | At 10.25% | At 10.75% | At 11.75% |
|---|---|---|---|
| R750,000 | R7,370 | R7,620 | R8,130 |
| R1,000,000 | R9,820 | R10,160 | R10,840 |
| R1,500,000 | R14,730 | R15,240 | R16,260 |
| R2,000,000 | R19,640 | R20,320 | R21,680 |
| Year | Prime | Repo | Spread | Monthly cost of R1m over 20 years |
|---|---|---|---|---|
| 2026 | 10.75% | 7.25% | 3.50 | R10,160 |
| 2025 | 10.25% | 6.75% | 3.50 | R9,820 |
| 2024 | 11.25% | 7.75% | 3.50 | R10,500 |
| 2023 | 11.75% | 8.25% | 3.50 | R10,840 |
| 2022 | 10.50% | 7.00% | 3.50 | R9,980 |
| 2021 | 7.25% | 3.75% | 3.50 | R7,900 |
| 2020 | 7.00% | 3.50% | 3.50 | R7,750 |
| 2019 | 10.00% | 6.50% | 3.50 | R9,650 |
| 2018 | 10.25% | 6.75% | 3.50 | R9,820 |
| 2017 | 10.25% | 6.75% | 3.50 | R9,820 |
| 2016 | 10.50% | 7.00% | 3.50 | R9,980 |
| 2015 | 9.75% | 6.25% | 3.50 | R9,490 |
| 2014 | 9.25% | 5.75% | 3.50 | R9,170 |
| 2013 | 8.50% | 5.00% | 3.50 | R8,680 |
| 2012 | 8.50% | 5.00% | 3.50 | R8,680 |
| 2011 | 9.00% | 5.50% | 3.50 | R9,000 |
| 2010 | 9.00% | 5.50% | 3.50 | R9,000 |
| 2009 | 10.50% | 7.00% | 3.50 | R9,980 |
| 2008 | 15.50% | 12.00% | 3.50 | R13,540 |
| 2007 | 14.50% | 11.00% | 3.50 | R12,800 |
| 2006 | 12.50% | 9.00% | 3.50 | R11,360 |
| 2005 | 10.50% | 7.00% | 3.50 | R9,980 |
| 2004 | 11.00% | 7.50% | 3.50 | R10,320 |
| 2003 | 11.50% | 8.00% | 3.50 | R10,670 |
| 2002 | 17.00% | 13.50% | 3.50 | R14,690 |
| 2001 | 13.00% | 9.50% | 3.50 | R11,720 |
| 2000 | 14.50% | 12.00% | 3.50 | R12,800 |
Data maintained by TradeAnswers · updated as the figures change