1. Balance Transfer is subject to standard credit vetting procedures.
2. The minimum Balance Transfer amount is R3000.
3. The minimum repayment period is 12 months.
4. The maximum repayment period is 48 months.
5. The Balance Transfer offer must be repaid by way of a monthly debit order.
6. You continue to use your oobacard and spend a minimum of R500 per month for at least the first 12 months.
7. The agreed amount will be transferred from your oobacard Budget Account and will reflect on your oobacard Monthly Statement.
8. The terms and conditions of your oobacard and specifically the terms and conditions of the Budget Account and Balance Transfer option will apply to the amount transferred.
9. Interest will be charged at Prime less 1% per annum for the first 12 months from the date of transfer, where after interest will be charged at the ruling rate.  This Balance Tansfer rate is linked to the Prime Rate and subject to move with changes in the Interest Rate.
10. The preferential interest rate will only apply to the transfer amount for the fixed period as stated in clause 9 provided you honour all repayments by the due date shown on your statement.
11. You are responsible for paying any amount that may still be outstanding on your nominated account to which the balance will be transferred, until confirmation is received on your oobacard statement that the Balance Transfer amount has been transferred.
12. We do not guarantee the time period within which the transfer will be affected and we will not be held responsible for any finance charges you may incur prior to the transfer to your oobacard Budget Facility.
13. The Balance Transfer cannot be revised once the Balance Transfer application has been processed.
14. The Balance Transfer amount will be deducted from your available credit on your Budget Facility.
15. If you settle the Balance Transfer amount before completion of the initial 12 months, the preferrential interest rate will no longer be applicable.

If you would like one of our consultants to contact you with more information on this offer, click here to complete the Call Me Back.