I Financial Terms

In Duplum Rule

Legal

A SA legal rule that stops interest from spiralling out of control. Once the interest charges equal the original amount you borrowed, no more interest...

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Initiation Fee

Loans

A once-off fee charged when you get a new loan — the lender's admin cost for processing your application and setting up your account. The NCA caps it,...

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Instalment Sale Agreement

Loans

You pay for stuff in chunks over time. The items — usually a car or furniture — are collateral. You don't own them until the last payment. If you defa...

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Interest Rate

Loans

The percentage charged annually on your outstanding loan balance. Different loans have different rates: personal loans might be 18-28%, car loans 14-2...

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