What is the maximum interest rate for other credit agreements?

Credit agreements that do not fall into any of the other six categories are capped at the SARB repo rate plus 17 percentage points. At the current repo rate, that maximum is 24% per year.

How do I know if my agreement falls into this category?

Check your credit agreement or ask your lender which Regulation 42(1) Table A category applies — most consumer credit falls into mortgage, credit facility, unsecured credit, or developmental credit instead.

What is the maximum legal interest rate on other credit agreements in South Africa?

Credit agreements that do not fall into any of the other six Regulation 42(1) Table A categories.

The maximum is repo rate + 17% — it moves with the SARB repo rate

National Credit Act Regulation 42(1) Table A sets the maximum for other credit as repo rate + 17%. Enter your quoted rate below to check it against today's maximum.

Your Credit Agreement

Credit Type

Not sure which applies? Check your credit agreement or ask your lender.

Your Quoted Rate (% per year)The interest rate quoted or charged on your agreement

Within the legal maximum

24% vs 24% maximum

Quoted rate compared against the Other credit agreements maximum (per year)

Quoted Rate vs Legal Maximum

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Numeric comparison of the quoted rate against the NCA legal maximum for the selected credit type
Figure	Rate (per year)
Your quoted rate	24%
Legal maximum (Other credit agreements)	24%

Maximum = SARB Repo rate (7%) + 17 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).

Other Credit — current maximum

Other Credit formula and current NCA maximum
Category	Formula (Regulation 42(1) Table A)	Current maximum
Other Credit	repo rate + 17%	24% per year

Frequently asked questions

Other credit categories

All categories (hub)Mortgage Credit Facility Unsecured Credit Developmental Credit Short-Term Credit Incidental Credit

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).

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.