Discovery Bank dangles R12bn carrot to homeowners
Lender says it will offer personalised interest rates on home loans based on clients’ risk profiles
28 May 2024 - 05:00
Discovery Bank says based on reported balances of home loans held by SA’s big banks, a 1% saving on interest rates — which is at the heart of its new home loan product — will save consumers R12bn a year, a proposition it hopes will allow it to make inroads in the competitive market and snatch clients from rival banks.
The fledgling lender on Monday finally launched its home loan product, which it first announced in September...
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