Interest On Account

Interest is charged at the Identity reference rate, which will never exceed the maximum rate as governed by the National Credit Act, but if you pay the full outstanding balance on or before the first payment is due, you'll avoid further interest. If you pay your instalment or part thereof, interest will only be charged on the balance remaining from the payment due date. If your account falls into arrears, interest will be charged on the outstanding balance, which is calculated daily and charged monthly, also taking into account all payments and purchases made.