SA Home Loans’ Transition from JIBAR

South Africa is in the process of transitioning away from the Johannesburg Interbank Average Rate (JIBAR), as directed by the South African Reserve Bank (SARB).

JIBAR is the benchmark interest rate at which South African banks lend to one another. It also serves as the reference rate that lenders, including SA Home Loans, use to determine the interest rates charged to clients.

This change is in line with what has already happened in international markets, where the transition was implemented in a way that ensured the home loan repayments of clients were not negatively affected, and the SARB and financial services industry are committed to ensuring the same outcome in South Africa.

SA Home Loans is working closely with the SARB and stakeholders to ensure a smooth, well-managed transition once the final requirements and timelines are confirmed. Our focus throughout this process is to protect the interests of our clients and to keep them informed through clear, timely communication.

This is an industry-wide shift but, for you as our client, the message is simple: your home loan is safe and SA Home Loans will manage the transition with care and responsibility, and in a manner which ensures there is minimal impact on you.

We are committed to making this transition seamless and transparent, and our team of specialists are available to answer your questions and provide expert guidance whenever you need it.

For any further queries, please email [email protected]