Current Mortgage Rates at Standard Bank South Africa in 2025
As of 2025, the mortgage rates at Standard Bank South Africa are competitive and vary based on the type of property, loan amount, and repayment term. Standard Bank is one of the largest banks in South Africa, offering a range of mortgage products to suit different needs and budgets.
Variable Rate Mortgages
The variable rate mortgage is a popular option among homebuyers, as it allows for flexibility in repayment terms. The current variable rate for a mortgage at Standard Bank South Africa is prime minus 0.5% to prime plus 2%, depending on the loan-to-value ratio and credit profile of the borrower. As of August 2025, the prime lending rate is 8.5%, which means that borrowers can expect to pay an interest rate of between 8% and 10.5% per annum.
Fixed Rate Mortgages
For borrowers who prefer the certainty of a fixed interest rate, Standard Bank offers fixed rate mortgages with terms ranging from 1 to 5 years. The current fixed rates for mortgages at Standard Bank South Africa are:
1-year fixed rate: 9.25% per annum
2-year fixed rate: 9.5% per annum
3-year fixed rate: 9.75% per annum
4-year fixed rate: 10% per annum
5-year fixed rate: 10.25% per annum
Interest-Only Mortgages
Standard Bank also offers interest-only mortgages, which allow borrowers to pay only the interest portion of their loan for a specified period, typically 2 to 5 years. The interest rate for an interest-only mortgage at Standard Bank South Africa is prime plus 1%, which is currently 9.5% per annum.
Bond Registration Fees
In addition to the interest rate, borrowers should also consider the bond registration fees associated with taking out a mortgage. The bond registration fee at Standard Bank South Africa is currently R1,350, which is a once-off payment.
Example Repayment Calculations
To give you a better idea of what to expect, here are some example repayment calculations based on a R500,000 mortgage over 20 years:
Variable rate mortgage at 8.5% per annum: monthly repayment of R3,914
Fixed rate mortgage at 9.5% per annum: monthly repayment of R4,142
Interest-only mortgage at 9.5% per annum: monthly repayment of R3,958 (interest only) for the first 2 years, followed by a monthly repayment of R4,449 (capital and interest) for the remaining 18 years
Conclusion
The mortgage rates at Standard Bank South Africa in 2025 are competitive and offer flexibility to suit different needs and budgets. Borrowers should carefully consider their options and seek professional advice before making a decision. It’s also important to note that interest rates are subject to change, and borrowers should be prepared for potential fluctuations in the market. As of August 2025, the rates mentioned above are accurate, but it’s always best to check with Standard Bank directly for the most up-to-date information.
