Good day
I currently own a home, which I am renting out to tenants while I rent an apartment closer to my work.
My bond is currently with FNB at an interest rate of 12.55%.
My outstanding balance is R648 000 and I have 197 months remaining with a repayment of R7923 per month
After having discussions with friends and family recently, I realised that my interest rate is actually quite high and my monthly repayments are quite high.
I would like to find if the interest rate or monthly installment will be less if i switch my home loan to Standard Bank. I currently only have a credit card here.