Looking for fast vehicle finance that is also flexible? One with low interest rates and a longer
repayment period? Absa offers you a quick and easy car loan for a new or used vehicle of your choice.
- Maximum loan amount of SCR 400,000*
- Repayment over 5 years
- Borrower should contribute 20% of the vehicle value
- Loan available for purchase of new and used motor vehicle (model not older than 5 years). Providing an evaluation report (not older than 3 months).
- Security (applicable for duration of loan)
-Pledge over the motor vehicle
-Full comprehensive insurance cover
- The administration fee is deducted from the total loan value on the day of disbursement
- All loan applications are subjected to internal approval
- Your new loan repayment and other existing financial obligation (e.g. other loan repayments and rent) should not exceed 40% of your salary for individual applications and 35% of the combined salary of joint applications.
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