Payments, interest charges, and fees

Note: New Zealand credit law has changed. This information relates to contracts entered into before 6 June 2015. We are progressively updating our guidance to reflect these changes.

Payments under a consumer credit contract

This page provides an overview of a lender’s obligations when accepting payments under a consumer credit contract. It also explains when a borrower can make payments, including their right to repay a debt early.

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Interest charges under a consumer credit contract

This page provides an overview of the rules that apply to interest charges under a consumer credit contract. It explains a lender’s obligations when calculating and charging a borrower interest or default interest.

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Fees under a consumer credit contract

This page provides an overview of the types of fees a lender may charge a borrower under a consumer credit contract and the rules that apply.

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