for small contracts, no billing fee is payable; Interest and other charges must only be paid until the date of the statement. This means that a consumer can demand the balance due from the credit provider, pay the full amount and not be sanctioned for it. If a case has been referred to the National Consumer Court, the debtor adviser, the Ombudsman, the alternative dispute resolution body or the consumer court, or if the credit agreement is subject to a debt review, the court adjourns the case. For mortgage contracts, the maximum interest rate is 24.9 per cent per annum. As for secured loans, the money is paid and the lender receives a mortgage of movable property or something other than security for the repayment of the loan….