Is My Rate Legal? NCA Maximum Interest Rate Checker
Compare a quoted interest rate against the maximum prescribed rate set out in National Credit Act Regulation 42(1) Table A, for each of the seven credit categories.
Your Credit Agreement
Not sure which applies? Check your credit agreement or ask your lender.
Within the legal maximum
24% vs 28% maximum
Quoted rate compared against the Unsecured credit maximum (per year)
Quoted Rate vs Legal Maximum
| Figure | Rate (per year) |
|---|---|
| Your quoted rate | 24% |
| Legal maximum (Unsecured credit) | 28% |
Maximum = SARB Repo rate (7%) + 21 percentage points, per Regulation 42(1) Table A. This checks against today's maximum — for a loan you already signed, the cap that applied on your signing date governs, which may differ if the repo rate has moved since.
If you have concerns about a quoted or charged rate, you can verify the applicable maximum and your lender's registration status via the National Credit Regulator (NCR).
Check a specific credit type
Each of the seven NCA credit categories has its own dedicated page with the formula, current maximum, and FAQs for that category.
Frequently asked questions
This is an estimate only, not financial or tax advice, and we are not a financial services provider (FSP). Your actual figures depend on your lender or provider, and your personal circumstances. These are the published National Credit Act maximums — they don't tell you whether your specific agreement is otherwise lawful.