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In the above example you will pay: Credit Amount: 2,500. 00 (what you receive) Establishment Fee: 400. 00 (Set by NCCP) Monthly Fee: 7. 00 Direct Debit Fee: 0. 99 per debit transaction Amount of Credit of the Loan: 2,900.
00 Nominal Percentage Rate (Interest) per annum: 35 as defined by NCCP Total Amount of Interest Payable: 551.
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