Mortgage loans accounted for 31% of total loans and facilities granted to households in the first quarter of 2015, while other secured loans accounted for 35% of credit extended. R107.5 bn worth of loans and facilities were granted to households in the first quarter. However, the rejection rate of loan applications remained relatively high at 52.6% in the first quarter of 2015 compared with a rejection rate of less than 40% in 2010.
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.