The Credit Purchase Agreement is essential for transactions where goods or services are sold on credit terms in South Africa. This document is designed to comply with the National Credit Act 34 of 2005 and other relevant legislation, making it suitable for both business-to-consumer and business-to-business credit sales. It should be used whenever a credit provider extends credit for the purchase of goods or services, requiring detailed documentation of the credit terms, payment obligations, and consumer protection provisions. The agreement includes comprehensive information about interest rates, fees, payment schedules, and security arrangements (if any), while ensuring all mandatory disclosures and notices are properly incorporated as required by South African law.

1. Parties: Identification of the Credit Provider and the Consumer/Purchaser with their full details as required by the National Credit Act

2. Background: Context of the agreement and brief description of the credit purchase arrangement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including terms required by the National Credit Act

4. Credit Amount and Purpose: Details of the credit amount, purpose of the credit, and description of goods/services being purchased

5. Payment Terms: Payment schedule, interest rate, total cost of credit, and payment methods

6. Credit Provider's Obligations: Obligations including delivery of goods/services and compliance with credit legislation

7. Consumer's Obligations: Payment obligations, maintenance of security (if any), and other consumer responsibilities

8. Interest and Charges: Detailed breakdown of interest calculation, fees, and charges as per National Credit Act requirements

9. Consumer Protection Provisions: Statutory notices, cooling-off rights, and other consumer protections required by law

10. Default and Enforcement: Consequences of default, enforcement procedures, and consumer rights in default situations

11. Duration and Termination: Term of agreement, termination rights, and early settlement provisions

12. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction

13. Signatures: Execution clause and signature blocks with necessary witnesses