What are bank loan interest rates in Johannesburg?

What are bank loan interest rates in Johannesburg?

What are bank loan interest rates in Johannesburg?

Consumers who are looking for personal loans in Johannesburg may be surprised to find that they are not offered the prime lending rate, which currently stands at 9% in South Africa. This is largely because banks use credit rating to construct a risk profile for each individual consumer, and the greater the amount of risk it is for the bank to lend you money, the higher the interest rate will be. Consumers can take the first step in lowerig their interest rates before even applying for a loan, by simply checking their own credit score and trying to rectify bad credit.