Automotive and Financial Institutions: National Credit Act & Institute of Bankers Agents Card

The banking and motor vehicle industry is required to be compliant with the National Credit Act (NCA). 

Intelligo Solutions facilitates a morning workshop with the IOB (Institute of Bankers) exam will be written in the afternoon.  The student will receive a pre-workshop preparation manual on registration ahead of the workshop.

The National Credit Act


The National Credit Act aims at ensuring that all consumers who make use of credit are treated fairly and are not discriminated against. This Act, which is currently being phased in, replaces the current acts governing credit, namely the Usury Act, the Exemption Notice to the Usury Act and the Credit Agreements Act. Banks operate under the Usury Act, micro financiers under the Exemption Notice to the Usury Act, and the Credit Agreements Act governs instalment sales.


  1. Aims of the National Credit Act

The aim of the NCA is to:

  • Increase access to credit at reasonable rates by reputable credit providers.
  • Promote a fair, competitive and sustainable credit market.
  • Help consumers make informed decisions.
  • Create mechanisms to deal with debt.
  • Provide protection for consumers, securing
  • Redress and ensuring compliance.


  1. The objectives of the National Credit Act

The objectives of the NCA are to:

  • Promote fair non-discriminatory market place
  • Improve standards of consumer credit industry
  • Prohibit unfair practices
  • Promote responsible credit granting
  • Regulate credit information
Contact Details

Contact Person: 

Isobel Rose or Meloney Harris
Course Details

Unit Standard: 

Not aligned

Course Delivery Method: 

E-learning E-learning

Blended Blended

In Class In Class

Distance Distance

Presented Presented Courses

In House In-House

Course Duration: 

Elearning - 3 month semester access, 3 hour IOB exam. Classroom 1/2 day facilitation, 3 hour IOB exam


R650.00 elearning excluding Exam fee. Classroom on enquiry