What will my instalments be?
Repo (current lending rate): 6% – 30 July 2015 – this will change when repo rate changes
Current maximum interest rate that can be charged as per NCA – 22,65% (National Credit Act)
Actual Installment Calculation: Payment (Interest Rate/12, 12, Cash Price) * -1
REFER TABLE BELOW FOR TEST PURPOSES
Columns B (Actual Instalment) and D (Actual CoC)