Seniors' Finance is a registered credit provider and fully supports the objective of the National Credit Act. To view Seniors' Finance's credit provider registration certificate, click here.

As a responsible lender Seniors' Finance's specific aim is to offer South Africans the very best features of a retirement lifestyle enhancement concept known internationally as the “home equity release loan”, in a responsible manner.

The National Credit Act (NCA) is intended to protect the borrower from undue risk and creates a fair and non-discriminatory lending market. The NCA's key pillars are :


One set of rules for all credit providers and products,


Aims to prevent reckless lending, over-indebtedness and unfavourable lending practices, and


Establishes new and improved rights for credit consumers for their protection.


All of the above protect the consumer by providing a National Credit Regulator, a Consumer Credit Tribunal and a Debt Counselling Process.

To find out more about the National Credit Act, please click here or visit www.ncr.org.za.

Business Day
Contractual aspects of the National Credit Act

"... With the National Credit Act having come into operation on the 1st of June 2007, many companies need to change documentation which was in use prior to the Act coming into affect. For example, credit providers who lease or sell goods on credit or provide credit facilities need to make use of contracts which are now compliant with the new Act..."

Click here to read the full article. Source: Business Day, 28 June 2007.

Business Day
House price growth slowing even further

"... The slowdown in SA's house price growth continued un-abated last month as a result of a tighter economic environment and the influence of the new National Credit Act..."

Click here to read the full article. Source: Business Day, 5 October 2007.