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Reckless Credit: When a Loan Should Never Have Been Granted
South African credit providers must assess whether a borrower can afford the repayments before granting credit. Where that assessment was…
Why South African Credit Caps Move With the Repo Rate
South Africa does not cap credit at a fixed percentage. The ceiling on unsecured credit is written as a formula, the repo rate multiplied…
What the National Credit Act Actually Gives South African Borrowers
South Africa regulates consumer credit through the National Credit Act, which requires credit providers to register with the National…
Private Student Finance or NSFAS? Who Each One Actually Suits
NSFAS is state funding for South African students at public universities and TVET colleges, means-tested on household income, and for…
Why Student Finance Is Paid Straight to the Institution Instead of to You
Education finance is usually paid directly into the fee account of the university, college or supplier because the credit was approved for…
What Student Finance Covers in South Africa, and What It Does Not
Education finance in South Africa is normally approved against named, invoiced study costs: tuition and registration fees, accommodation…
How Study Loan Payments Work While the Student Is Still Studying
On a South African bank study loan you normally pay the interest every month while the student is still studying, which keeps the balance…
Parent as Applicant or Surety on a South African Study Loan: What You Are Signing
On most South African study loans the parent, guardian or sponsor is the legal borrower or stands surety, which means the debt sits on…
Study Loan vs Personal Loan in South Africa: The Differences That Change What You Pay
A study loan and an ordinary personal loan are both credit agreements under the same Act, but a study loan is normally tied to a registered…
What a Registered Credit Provider Must Tell You Before You Sign in South Africa
Before you sign, a registered South African credit provider must give you a pre-agreement statement and quotation setting out the principal…
Credit Life Insurance on a South African Loan: What It Costs and What It Adds to the Total
Credit life insurance on a South African loan is priced per R1 000 of the amount you owe each month, under a cap widely cited as R4.50 per…
The Affordability Assessment a South African Lender Must Do, and the Documents It Asks For
Before granting credit, a South African credit provider must by law run an affordability assessment: verify your gross income, subtract…