Vehicle finance lets you pay off a car over a set period instead of paying the full amount upfront. You borrow money from a bank, pay it back monthly with interest, and the bank remains the title holder until the loan is fully paid.

Typically you’ll need:

• South African ID

• Valid driver’s licence

• Latest 3 months’ bank statements

• Latest 3 payslips (if employed)

• Proof of address (not older than 3 months)

Some banks may request extra documents depending on your profile.

Yes, you can. Self-employed applicants simply submit business financials such as:

• 6 months’ bank statements

• Company registration documents

• Latest financial statements or management accounts

Your repayment depends on:

• Vehicle price

• Deposit

• Trade-in value

• Balloon / Residual value

• Interest rate

• Term (months)
  Our finance calculator helps estimate this instantly.

A balloon (residual) is a lump-sum amount due at the end of your finance term. It lowers your monthly instalments but requires careful planning to settle or refinance later.

Not always. The calculator provides an estimate. The actual amount may vary depending on the bank’s assessment, your credit profile, and the interest rate they offer.

Yes. A bigger deposit reduces your loan amount, lowers your monthly instalments, and increases your chances of approval.

Definitely. Your trade-in value can be used as part of your deposit, reducing your overall finance amount.

Most clients choose between:

• 36 months

• 48 months

• 60 months

• 72 months (depending on bank approval)

Your rate is determined by the bank based on:

• Credit score

• Income and affordability

• Loan term

• Employment status

• Bank relationship
  Rates vary from person to person.