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National Credit Act, 2005 (Act No. 34 of 2005)


National Credit Regulations, 2006

Chapter 4 : Consumer Credit Agreements

Part B : Form of credit agreements

36. Changes to interest


A notice by the credit provider to the consumer of a change in a variable interest rate as contemplated in section 104(3)(a) of the Act, must also provide the following information:

(a) the date on which the change took effect, or will take effect;
(b) total interest payable under the agreement in Rand value, if ascertainable;
(c) monthly interest payable in Rand value, if ascertainable.