Official Interest Rate Change for Employer Loans
The Reserve Bank has announced a second consecutive hike of the repurchase rate (repo rate). This blog post contains all of the important information you need to know.
Posts with Tag "repo"
Repo Rate and Employer Loans Interest Rate Cut
The repo rate has been decreased to 3.5%, impacting employer loan benefits from 1 August 2020.
Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.25%.
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
Interest Rate Change for Employer Loans
A change in the repo rate results in a change in the fringe benefit interest rate for low or interest free employer loans to employees.