The National Credit Act (NCA)
Meeting your needs responsibly
First National Bank, as a registered credit provider, fully supports the National Credit Act.
What this is
Protecting the consumer
In a nutshell, the Act:
- Provides one set of rules for all credit activities,
- Aims to prevent reckless lending, over-indebtedness and unfavourable lending practices, and
- Establishes new and improved rights for credit consumers
How this affects you
Promoting + advancing social and economic welfare
This new legislation will affect you if you are applying for any of the following types of products

Overdrafts
A short-term credit facility to cover unforeseen expenses or to serve as a safety net

Credit cards
A credit card can be a convenient way to pay for almost anything, from a new pair of shoes to a holiday in the sun without having to use cash

Instalment agreements
A sale of movable property where the payment of the full price of the goods is delayed and is to be paid out in regular payments over an extended and agreed period

Mortgages
A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property

Financial leases
A type of lease in which a finance company is typically the legal owner of the asset during the duration of the lease