REGULATION 19(13) OF THE NATIONAL CREDIT ACT, 34 OF 2005, AS AMENDED

By Blog news · Jan 12, 2018
REGULATION 19(13) OF THE NATIONAL CREDIT ACT, 34 OF 2005, AS AMENDED picture

SUMMARY OF FEES & INTEREST RATES

BLUE CHIP CAPITAL is a registered credit provider and we charge interest and fees as prescribed and regulated by the National Credit Regulator.

Summary of Fees (Example)

Short term transactions @ 5% interest p.m.
Unsecured transactions @ 28% p/a or 2.34% p.m.
Service fee: R60 p.m. + VAT = R69 p.m.
Initiation fee: R165 on first R1000 capital + 10% on total capital above R1000, to a maximum fee of R1050 + VAT = R1207.50

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