South Africa’s interest rate is currently at 7.5%, however, some banks will have higher or lower interest rates depending on an individual’s credit profile. The interest rates on car loans can vary among banks in South Africa and are influenced by factors such as the prevailing market conditions, the borrower’s creditworthiness, and the specific loan terms. It’s important to note that interest rates can change over time, and the lowest rate offered by a bank may depend on various factors, including your individual circumstances and the specific car loan you are applying for.
