4
Annexure D
p. 65
Finance Charge Reduction Concessions
- a. The upfront waiver of any transactional or other non-finance charge related fees related to debt facilities as well as waiver of interest penalties etc. on pre-NCA agreements.
- b. The reduction of the monthly service fees (as per the NCA) as part of the finance charges on the agreement to zero.
- c. In respect of secured loans (mortgages and vehicle and asset finance transactions) a reduction in the contractual interest rate to the rate at which the case solves subject to a floor limit of the prevailing repo rate plus 2%, to be fixed for the rehabilitation term, where after the rate and fees will revert to contractual (if the debt is not settled).
- d. In respect of all unsecured debts a reduction in the interest rate to the rate at which the case solves subject to a floor limit of 0%, to be fixed for the rehabilitation term.
NDRC Practice NoteLast reviewed 2026-04
What this means in practice
Finance-charge concessions waive transactional and non-finance-related fees upfront and reduce ongoing interest within the bands set by the rules. The waivers apply at the start of the rearrangement, not at clearance.
Legal context
Statutory anchor: NCA s 103 (in duplum) caps the total of interest and fees at the original capital. Annexure D concessions operate within that statutory ceiling, not above it.
Drawn from NDRC's active case work. For your situation, see our debt counselling overview.
Cite this clause
National Credit Regulator. (2015). Annexure D — Consensual Debt Restructuring Rules, clause 4: Finance Charge Reduction Concessions. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 65.Related clauses
Based on NCR Guideline 001/2015, p. 65. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.