National Credit Act, 2005 (Act No. 34 of 2005)

Chapter 6 : Collection, Repayment, Surrender and Debt Enforcement

(1)	At any time, without notice or penalty, a consumer may prepay any amount owed to a credit provider under a credit agreement.

(2)	A credit provider must accept any payment under a credit agreement when it is tendered, even if that is before the date on which the payment is due.

(3)	A credit provider must credit each payment made under a credit agreement to the consumer as of the date of receipt of the payment, as follows:

(a)	Firstly, to satisfy any due or unpaid interest charges;

(b)	secondly, to satisfy any due or unpaid fees or charges; and

(c)	thirdly, to reduce the amount of the principal debt.