Consumer Information

PRIME OVERDRAFT RATE of BANKS: as at October 2018

The Bank Lending Rate in South Africa averaged 12.29 percent from 1957 until 2018, reaching an all time high of 25.50 percent in August of 1998 and a record low of 5.50 percent in December of 1962.

The current Bank Lending Rate is 9.75%  as at:  16 January 2020

History of Interest Rates from: 1998 – 2017

Interest (% pa)

Effective Date

10.25%

2017-07-21

10.5%

2016-03-18

10.25%

2016-01-28

9.75%

2015-11-19

9.5%

2015-07-24

9.25%

2014-07-18

9%

2014-01-30

8.5%

2012-07-20

9%

2010-11-19

9.5%

2010-09-10

10%

2010-03-26

10.5%

2009-08-14

11%

2009-05-28

12%

2009-05-04

13%

2009-03-25

14%

2009-02-06

15%

2008-12-12

15.5%

2008-06-13

15%

2008-04-11

14.5%

2007-12-07

14%

2007-10-12

13.5%

2007-08-16

13%

2007-06-08

12.5%

2006-12-08

12%

2006-10-16

11.5%

2006-08-04

11%

2006-06-12

10.5%

2005-04-18

11%

2004-08-16

11.5%

2003-12-15

12%

2003-10-20

13.5%

2003-09-15

14.5%

2003-08-15

15.5%

2003-06-13

17%

2002-09-13

16%

2002-06-14

15%

2002-03-18

14%

2002-01-16

13.5%

2001-07-16

13.75%

2001-06-18

14.5%

2000-01-21

15.5%

1999-10-04

16.5%

1999-08-02

17.5%

1999-07-14

18%

1999-06-25

19%

1999-04-19

20%

1999-03-08

21%

1999-02-12

22%

1999-01-11

23%

1998-12-07

23.5%

1998-11-09

24.5%

1998-10-19

25.5%

1998-08-21

24%

1998-07-06

22.25%

1998-07-01

20.25%

1998-06-13