Interest, Fees and Charges
The Interest payable on the Loan Amount is fixed and will stay
the same for the full duration of the Agreement at the percentage set out in the
Interest will be calculated on the average daily outstanding
balance, accrued daily and shall not exceed the maximum rate allowed by the National
Credit Act 34 of 2005.
You will be charged Interest on the Principal Debt from
the date on which the Loan is made until the full Settlement Value is paid to
A monthly service fee will be levied and added to the Principal Debt. The
amount of this service fee is provided in the Quotation.