Loan for a vehicle – compare offers up to R350 000 free and non-binding.
One application, offers from multiple NCR-licensed lenders.
- Up to R350 000
- Quick offers right away
- Free application without commitment
10 000+ South Africans have used Swiftbanker to find the right loan.
Vehicle finance explained
What a vehicle loan is
A vehicle loan is credit granted for a single purpose: buying a car, a bakkie or a van. The lender pays the dealership or the private seller directly, and you repay the amount in fixed monthly instalments over an agreed term that includes interest and fees. The vehicle itself stands as security until the last instalment clears, which is why the finance is cheaper than an unsecured loan and why the lender may repossess if you stop paying.
In South Africa almost every vehicle loan is written as an instalment sale agreement under the National Credit Act. Terms usually run from 12 to 72 months, a deposit of ten to twenty percent is common, comprehensive insurance is compulsory for the life of the agreement, and every NCR-licensed lender must complete an affordability assessment before a rand is paid out.
Tool · Vehicle loan calculator
Work out the repayment on your vehicle
Move the sliders to see the monthly instalment, the interest and the total cost of financing a car, a bakkie or a van. The term you choose moves the total far more than most buyers expect.
Each bar = one month paid
The result is indicative and follows the annuity principle, so it excludes your deposit, any balloon payment, insurance premiums and licensing. Your rate is set individually by the lender within the caps of the National Credit Act.
The essentials
Six things to know before you finance a vehicle
If you read only one section on this page, make it this one.
Security cuts the price
Because the vehicle backs the debt, vehicle finance is normally quoted well below an unsecured personal loan for the same amount.
The structure decides the cost
Instalment sale, lease and balloon agreements all put a car in your driveway, but they price the years very differently.
A deposit does double duty
Ten to twenty percent upfront lowers the financed balance, trims the interest you pay and often earns a keener rate.
Run the calculator before the showroom
Testing the amount, the rate and the term takes two minutes and sets a budget the salesperson cannot move.
Insurance is part of the instalment
Comprehensive cover is compulsory while the lender holds title, so price the premium before you decide what you can afford.
Only NCR-licensed lenders may finance you
Registration brings capped fees, a compulsory affordability assessment and a regulator to complain to when something goes wrong.
Ways to finance
Four structures, four different totals
The same vehicle can be financed in four quite different ways, and the difference shows up in the total rather than in the monthly figure. Click through each structure and weigh them on the same five points.
Instalment sale
The instalment sale agreement is the standard way South Africans finance a vehicle. The credit provider buys the car from the dealer, sells it to you on credit, and keeps legal title until the final payment clears, at which point ownership passes to you automatically. Every instalment carries a slice of capital and a slice of interest, so the balance falls steadily and the agreement ends on a known date with nothing outstanding. Because the vehicle secures the debt, rates are lower than on unsecured credit and lenders will advance larger amounts over longer terms. The obligations that come with it are real: comprehensive insurance must stay in force for the life of the agreement, the vehicle has to be kept roadworthy, and persistent arrears can end in repossession under the formal notice process set out in the National Credit Act. For most buyers of a dealer-sourced car, bakkie or van, this is the simplest and cheapest structure available.
Step by step
From budget to number plates
Vehicle finance is a sequence, not a single decision, and the money you save is mostly saved in the first three steps. Here is what happens at each stage and what you can do to keep it moving.
Set a budget you can actually carry
Decide the monthly figure before you decide the vehicle.
Read moreHide
Work backwards from the instalment your salary can carry, not from the car you want. Use the calculator on this page to test different amounts and terms, then add insurance, licensing, fuel and servicing before you decide what the monthly figure can be.
Read your own credit record first
The record the lender pulls is the record that prices your loan.
Read moreHide
Every registered credit bureau owes you one free report a year. Read it before any lender does, dispute settled accounts still showing a balance, and give the bureau its twenty business days to correct the record. Errors on file cost you real rand in interest.
Get pre-approved before you shop
Walk into the showroom knowing what you can borrow.
Read moreHide
A provisional approval tells you what you can borrow and usually stays valid for thirty to sixty days. It fixes a realistic ceiling, turns you into a cash-equivalent buyer at the dealership, and removes the pressure to accept whatever in-house finance is offered on the day.
Choose the vehicle and get a quotation
The lender has to approve the vehicle, not only you.
Read moreHide
The lender has an opinion about the vehicle because it is the security. Most credit providers cap the age and mileage they will finance, so ask for the full on-the-road price in writing, including delivery, licensing and any dealer administration fee, before anything is submitted.
Read the pre-agreement quotation
Every cost has to be on paper before you sign.
Read moreHide
The National Credit Act requires a pre-agreement quotation setting out every cost before you sign, and it stays binding for five business days. Use that window to check the rate type, the initiation fee, the monthly service fee and whether a balloon has been built in.
Insure it, sign it and drive it
Cover has to be in place before payment is released.
Read moreHide
Comprehensive cover must be in place before the lender releases payment, and you may use your own insurer rather than the one offered at the finance desk. Set the debit order for just after payday, and keep the quotation and the agreement together for the whole term.
Worth knowing
Six facts that decide what the finance costs
The rules and charges most buyers only discover after signing.
- Fact 01
The initiation fee has a ceiling
A once-off charge, capped by law
Read moreHide
The National Credit Act caps the once-off initiation fee, and most lenders add it to the financed amount rather than asking for it upfront. That convenience means you also pay interest on the fee for the whole term.
- Fact 02
The service fee is small and constant
Up to R69 including VAT each month
Read moreHide
A monthly service fee of up to R69 including VAT covers administering the account. It looks trivial beside a vehicle instalment, yet across seventy-two months it quietly adds close to R5 000 to what you repay.
- Fact 03
Rates are quoted against prime
Fixed or linked, and it is your choice
Read moreHide
Vehicle finance is usually priced relative to the prime lending rate. A linked rate moves whenever the Reserve Bank changes the repo rate, while a fixed rate keeps the instalment identical for the full term.
- Fact 04
Early settlement is your right
The Act allows you to settle early
Read moreHide
You may settle a credit agreement early under the National Credit Act. Request a settlement quote, check the contract for an early termination charge, and confirm that any extra payment is allocated to capital rather than to future interest.
- Fact 05
Credit life cover is negotiable
Required perhaps, but not from one provider
Read moreHide
A lender may require credit life insurance, but it may not force you to buy its own policy. Comparing premiums is worth the effort, because the cost sits inside your instalment and earns interest for the full term.
- Fact 06
The NCRCP number is public
Check the register before you sign
Read moreHide
Every licensed credit provider carries an NCRCP registration number from the National Credit Regulator, and the register is public. Checking it takes a minute and is the simplest protection against an unregistered operator.
The calculator
Understanding the vehicle loan calculator
A repayment calculator turns a vehicle you like into a number you can test against your salary. It takes seconds to use, and it is the single cheapest piece of preparation available to a buyer.
01 - The four inputs that matter
A vehicle loan calculator needs only four figures: the amount you are financing after your deposit, the interest rate the lender quotes, the number of months you will repay over, and any balloon parked at the end. Change one and the monthly instalment moves. Change two and the total cost can move far more than you expect, which is exactly why it pays to test several combinations rather than one.
02 - What the calculator cannot see
The result is an estimate of capital and interest, nothing more. It does not include the once-off initiation fee, the monthly service fee, comprehensive insurance, a tracking device or the licence renewal that arrives every year. Add those to the instalment before you decide what the vehicle really costs you each month, because they are the reason a comfortable calculation can become an uncomfortable budget.
03 - A worked example
Finance R200 000 over sixty months at 15% and the instalment lands near R4 760, with roughly R85 500 paid in interest across the agreement. Put a R40 000 deposit down on the same vehicle and both the instalment and the interest fall by about a fifth, without changing the car, the lender or anything else about the deal.
04 - Term versus total cost
Stretching the same R200 000 from sixty months to seventy-two lowers the instalment to roughly R4 230, which is comfortable news for a monthly budget. It also adds twelve more months of interest and twelve more service fees, pushing the total repaid up by close to R19 000. Judge every quote on the total first, then check that the instalment fits.
05 - Testing a balloon before you accept one
If a dealer offers a balloon, model it twice. First run the agreement without one to see the honest total, then run it with the balloon and add the lump sum back at the end. The comparison shows exactly what the lower instalment is costing you, and whether the vehicle is likely to be worth the balloon on the day it falls due.
Tool · Affordability check
How much vehicle can your budget carry?
Enter your income and your fixed costs to see an indicative estimate of what you could responsibly finance. Lenders run a similar affordability calculation under the National Credit Act, so a realistic answer here means fewer surprises when the offers arrive.
Likelihood of approval
The estimate is indicative only. Every lender carries out its own assessment of your income, expenses and credit record before granting credit, as the National Credit Act requires.
Where to apply
Where to apply for finance
Three routes lead to the same vehicle: your bank, the dealership finance desk, and an online comparison that puts several NCR-licensed lenders in one place.
Banks such as Absa, Standard Bank, Nedbank, FNB and Capitec all write vehicle finance, and going directly to the institution that already holds your salary account can pay off, because it can see your income history without asking for it. The trade-off is that you only ever see one price.
Dealership finance is arranged where you buy, often within an hour, through the showroom's relationships with banks and private lenders. It is the fastest route and the most convenient one, but the rate is negotiated on the dealer's terms, and the finance desk earns a margin on the agreement it writes.
An online application does the shopping for you. One free form goes to our partner Myloan.co.za, which puts your profile in front of a panel of NCR-licensed lenders and returns the offers you qualify for, so you can rank them side by side before you speak to anyone.
Whichever route you take, the paperwork is the same: a South African ID, proof of income and residence, three months of bank statements and a valid driver's licence.
What moves the number
Six variables that decide your instalment
Most of these are still yours to change in the weeks before you sign anything.
1. Your credit record
The single biggest lever
Read moreHide
Lenders price risk, and your payment history is the clearest evidence they have. A long record of instalments met on time can be worth several percentage points on a vehicle agreement, which over six years is worth far more than any discount you will negotiate on the sticker price.
2. The deposit you put down
Money that never carries interest
Read moreHide
A deposit reduces the financed balance from day one, so it removes both the capital and the interest that would have run on it for the whole term. It also lowers the lender's exposure, which is why a larger deposit often buys a better rate as well as a smaller instalment.
3. Fixed or linked rate
Certainty against opportunity
Read moreHide
A fixed rate keeps the instalment identical for the full term, which makes budgeting simple and protects you when the Reserve Bank raises rates. A linked rate moves with prime, so it falls when rates fall. Choose fixed if certainty matters more to you than the chance of a saving.
4. The length of the term
What interest charges for is time
Read moreHide
Every extra month adds interest on the outstanding balance and another monthly service fee. A longer term always produces a smaller instalment, and it always produces a larger total. Take the shortest term your salary can absorb without leaving the household budget with no room at all.
5. A balloon at the end
A smaller instalment, a bigger total
Read moreHide
A balloon postpones part of the capital rather than removing it. Interest accrues on the postponed amount for the entire term, and the lump sum falls due in full on the final date. Accept one only with a written plan for how it is going to be settled when that date arrives.
6. The vehicle itself
Age, mileage and resale value
Read moreHide
The car is the security, so its condition prices the loan. A newer vehicle with a strong resale value is easy for the lender to sell if the agreement fails, and it attracts a keener rate than a high-mileage import that most credit providers would rather not finance at all.
Interest rates
Vehicle loan interest rates in South Africa
Where rates actually start
Vehicle finance is priced individually. Advertised rates typically begin near the prime lending rate for the strongest applicants and climb from there, while the maximum in our comparison is 27,5% APR including fees. Two buyers financing the same car can be quoted several percentage points apart.
Why the prime rate matters
Most vehicle agreements are quoted as prime plus or minus a margin. When the Reserve Bank moves the repo rate, prime follows, and every linked instalment in the country changes with it. A fixed rate insulates you from that movement in both directions.
What the rate is really pricing
The margin above prime is the lender's view of risk. A long payment history, verified income, a solid deposit and a newer vehicle all pull it down, while a thin credit file, a stretched budget or an older car push it up.
Why APR beats the headline rate
The annual percentage rate rolls interest and the compulsory fees into one figure. For the same amount over the same term, the lower APR is genuinely the cheaper agreement, which is what makes it the only number worth ranking offers on.
How much a single point is worth
On R200 000 over sixty months, a single percentage point is worth thousands of rand across the agreement. That is the whole argument for comparing lenders: the car is identical, the paperwork is identical, and only the price changes.
Both sides
Advantages and disadvantages of vehicle finance
Putting the car up as security buys you a lower rate and a longer term. It also hands the lender rights over the vehicle. Weigh both sides before you sign.
Advantages
- Cheaper than unsecured credit.
Because the vehicle secures the debt, rates on vehicle finance sit well below what an unsecured personal loan would cost.
- Larger amounts, longer terms.
Security lets lenders advance more and spread it further, which is how a R250 000 vehicle becomes a manageable monthly instalment.
- A fixed, predictable instalment.
An amortising agreement ends on a known date with nothing outstanding, so the cost slots neatly into an ordinary household budget.
- You drive from day one.
The lender pays the seller immediately and you take delivery, even though legal title only transfers with the final payment.
- Protected by the National Credit Act.
Fees are capped, affordability must be assessed, and every cost has to be disclosed in writing before you sign anything.
Disadvantages
- The vehicle can be repossessed.
The car is the security, so persistent arrears end with the lender taking it back and any shortfall still owed by you.
- Comprehensive insurance is compulsory.
Cover must stay in force for the whole term, a real monthly cost that never appears in the advertised instalment.
- The lender limits what you may buy.
Age, mileage and condition rules apply, and many credit providers will not finance a private sale at all.
- Depreciation can outrun the balance.
Long terms, small deposits and balloons all make it likelier that the vehicle is worth less than the amount still owed.
- A long term hides the real cost.
Seventy-two months makes almost anything look affordable each month while quietly adding a great deal of interest to the total.
Two ways to pay
Vehicle finance or a personal loan?
Both can put a vehicle in your driveway, but they price risk differently. The right choice usually comes down to where you are buying and how old the vehicle is.
Secured, cheaper, tied to the car
Because the vehicle stands as security, lenders price this route below unsecured credit and will advance larger amounts over longer terms. The conditions are firm: the credit provider holds title until the final payment, comprehensive cover must stay in force, and arrears can end in repossession. It fits a dealer-sourced car, bakkie or van.
- Rate Lower, because the risk is secured
- Term Up to 72 months
- Requires Comprehensive insurance throughout
- Risk The vehicle can be repossessed
Unsecured, dearer, no claim on it
An unsecured personal loan pays cash into your account, so you own the vehicle outright from the first day and may buy privately or choose an older model. You pay for that freedom with a higher rate, and usually a smaller amount over a shorter term. It fits private sales, cheaper vehicles and buyers with a strong credit record.
- Rate Higher, capped at 27.5% APR
- Term Typically 3 to 72 months
- Requires A solid affordability assessment
- Freedom Buy from any private seller
Checklist
What you need before you apply
A tidy application is a faster and cheaper application. Work through these eight points before you submit anything: four about your finances, four about your paperwork.
What the lender checks
The four things that decide your rate and your limit.
- A verifiable monthly incomeThree months in the job helps
Read moreHide
Lenders want regular income they can confirm, whether it comes from employment, self-employment or a pension. Commission earners and the self-employed usually supply six months of statements instead of payslips.
- Room in your monthly budgetThe instalment has to fit
Read moreHide
Rent, groceries, transport, school fees and existing repayments are all counted. The new instalment plus insurance must fit into what remains with margin, or the affordability assessment fails.
- A credit record you have readKnow it before the lender does
Read moreHide
Pull your free annual report from a bureau such as TransUnion or Experian and dispute anything incorrect. Errors take up to twenty business days to clear, so do it early.
- Existing debts under controlFewer open accounts, better offers
Read moreHide
Settling a small store account before you apply lifts both your affordability and your score. Open credit lines count against you even when the balance on them is zero.
What you must supply
The documents every vehicle finance application asks for.
- A South African IDSmart card or green ID book
Read moreHide
Identity verification is non-negotiable, and the finance must be linked to a bank account in your own name. Foreign nationals supply a passport with a valid permit instead.
- Proof of incomePayslips or financial statements
Read moreHide
Salaried applicants provide their three most recent payslips. Self-employed applicants generally submit financial statements and a recent tax assessment covering a longer period.
- Three months of bank statementsAll accounts, not only one
Read moreHide
Statements let the lender verify income and spending patterns. Many platforms now let you link the account digitally rather than uploading documents one at a time.
- A valid driver's licencePlus recent proof of address
Read moreHide
Vehicle finance applications ask for a valid licence and a utility bill or similar document no older than three months. Keep digital copies ready to speed the process up.
Pay less
Eight ways to cut the cost of vehicle finance
Decisions made before you sign move the total by far more than any negotiation over the sticker price.
Check your credit record before any lender does
Pull your free annual report, dispute the errors, and let the corrections settle before you apply.
Read moreHide
Bureaus must investigate a dispute within twenty business days, so start weeks before you visit a dealership. A settled account still showing a balance, or a judgment that should have lapsed, can push your quote a full percentage point higher than it needs to be.
Run the calculator before you visit a showroom
Test the amount, the rate and the term at home so the budget is decided before you arrive.
Read moreHide
Salespeople negotiate on the monthly instalment because it is the easiest number to move. Arriving with a figure you have already tested at three different terms turns that conversation into a simple yes or no, and it keeps the term from quietly stretching to make the payment fit.
Save the biggest deposit you can manage
Every rand you put down is a rand that never carries interest for the length of the term.
Read moreHide
A twenty percent deposit on a R250 000 vehicle removes R50 000 from the financed balance and every rand of interest that would have run on it. It also keeps you clear of negative equity in the early years, when depreciation is at its steepest.
Choose the shortest term your budget allows
Interest and service fees accrue every month, so fewer months is always the cheaper agreement.
Read moreHide
Moving R200 000 from seventy-two months to sixty lifts the instalment by roughly R530 and removes close to R19 000 from the total repaid. If the shorter instalment fits your budget with room to spare, take it rather than banking the difference each month.
Treat a balloon payment as a last resort
It lowers the instalment by postponing capital, and interest keeps running on the postponed amount.
Read moreHide
If you do accept a balloon, keep it small, save towards it deliberately from the first month, and compare the figure against what the vehicle is likely to be worth on that date. A balloon larger than the projected trade value is a debt trap with a friendly monthly number.
Price the add-ons separately
Credit life cover, service plans and extended warranties are negotiable, and each one is financed at your rate.
Read moreHide
Bundled extras are quoted as a few rand a month, which hides the fact that they are added to the capital and earn interest for the whole term. You may substitute your own credit life policy, and a service plan is often cheaper bought directly from the manufacturer.
Compare on the total repayable, never the instalment
Two quotes with the same monthly figure can differ by tens of thousands of rand in total.
Read moreHide
Two agreements with an identical instalment can differ enormously once the term, the balloon and the fees are included. Ask every lender for the total amount repayable over the full agreement, write the figures next to each other, and rank the offers on that single number.
Keep your applications inside one short window
One comparison creates a single credit enquiry instead of a scattered trail across many lenders.
Read moreHide
A cluster of separate applications spread over several weeks reads as financial pressure to a scoring model and can lower your score at the worst possible moment. One application through a comparison service still reaches a full panel of NCR-licensed lenders and returns offers you can rank.
Not only cars
Six vehicles, six different answers
Vehicle finance covers far more than a hatchback from a franchise dealer. What you are buying changes the amount, the term and often the lender.
01Financing a bakkie
Work vehicle, personal agreement.
1 min
A bakkie is financed exactly like a car when it is registered in your own name, and the same instalment sale agreement applies. Where it becomes a work vehicle, the lender will want to know: high annual mileage, a canopy or a load body fitted after purchase, and commercial use can all affect the rate, the insurance premium and what the vehicle is worth at the end of the term.
02Financing a van for your business
Personal or commercial finance.
1 min
A panel van bought in your own name follows the personal route described on this page. Bought in a company name it becomes commercial vehicle finance, which is assessed on the business's financial statements rather than on your payslip, and usually needs a personal surety from the owner. Decide which route you are taking before you apply, because the paperwork and the affordability assessment are entirely different.
03Motorcycles and scooters
Smaller amounts, shorter terms.
1 min
Motorcycle finance works on the same instalment sale principle, but the amounts are smaller and the terms shorter, often between twenty-four and forty-eight months. Fewer credit providers write it, comprehensive cover is compulsory as always, and lenders take a harder view of resale value because motorcycles depreciate quickly. On a cheaper machine, an unsecured personal loan is often the simpler and faster route.
04Caravans, trailers and boats
Leisure assets, stricter criteria.
1 min
Leisure assets can be financed, but fewer lenders are interested and the criteria are tighter. Expect a larger deposit, a shorter term and a keener eye on the item's age and condition, because a caravan or a boat is harder to sell quickly if the agreement fails. Compare a secured offer against a straightforward personal loan before you commit to either.
05Buying a used vehicle
Age caps and inspections.
1 min
Most credit providers limit the age and mileage they will finance, and several judge the vehicle by how old it will be at the end of the term rather than at the start. Ask for the full service history, insist on a roadworthy certificate, and pay for an independent inspection on anything sold without a dealer warranty. It is the cheapest insurance you will ever buy.
06Buying from a private seller
Cheaper car, harder finance.
1 min
Private sales are usually cheaper, but many lenders will not write vehicle finance for them, which pushes buyers towards an unsecured personal loan instead. Before any money moves, check the seller's identity against the registration papers, ask for a settlement letter if the car is still financed, and have a workshop inspect it. There is no warranty and no recourse once the payment clears.
Questions
Vehicle loan FAQs
Straight answers to the questions South African vehicle buyers ask most often.
What can I finance with a vehicle loan?
Cars, bakkies, panel vans and, with fewer lenders, motorcycles, caravans and trailers. The vehicle must be identifiable and insurable, because it is the security behind the agreement. Most credit providers also apply an age and mileage limit, judged by how old the vehicle will be when the term ends rather than on the day you buy it.
How much deposit do I need?
Ten to twenty percent is the norm, and some lenders will finance the full purchase price for applicants with a strong record. A deposit is worth more than it looks: it cuts the financed balance, removes the interest that would have run on that amount, usually improves the rate and keeps you clear of negative equity early on.
Can I get vehicle finance if I am self-employed?
Yes, though the paperwork is heavier. Instead of payslips you generally supply six months of bank statements, recent financial statements and a tax assessment. Lenders average the income they can verify, so keep business and personal accounts separate and apply after a strong quarter rather than a quiet one.
What interest rate should I expect?
Vehicle finance is priced individually, usually as the prime lending rate plus or minus a margin that reflects your risk. Through this comparison the maximum is 27,5% APR including fees. Your credit record, verified affordability, the deposit and the vehicle's age and resale value all move the number you are quoted.
Is a longer term cheaper?
No. A longer term produces a smaller instalment and a larger total, because interest and the monthly service fee both accrue for every extra month. On R200 000 the move from sixty to seventy-two months lowers the instalment by roughly R530 while adding close to R19 000 to what you repay overall.
Can I settle a vehicle loan early?
Yes. The National Credit Act gives you the right to settle a credit agreement early. Ask the lender for a settlement quote, check the contract for an early termination charge, and confirm that any extra payment is allocated to capital. Paying a few hundred rand more each month can shorten a six-year agreement noticeably.
What happens if the vehicle is written off?
Your comprehensive insurer pays out the vehicle's market value, and that amount goes to the lender first because it still holds title. If the payout is less than the outstanding balance, the difference remains your debt. Shortfall or credit shortfall cover exists precisely to close that gap, and it is worth pricing.
Do I have to use the insurance the dealer offers?
No. Comprehensive cover is compulsory while the lender owns the vehicle, but you may arrange it with the insurer of your choice as long as it meets the requirements in the agreement. The same applies to credit life cover, which a lender may require but may not tie to its own product.
Does comparing offers affect my credit record?
Applying through Swiftbanker generates a single credit enquiry handled by our partner Myloan.co.za, even though several NCR-licensed lenders respond. That is far gentler on your profile than approaching four or five credit providers separately in the same month, which scoring models read as financial pressure.
What does Swiftbanker's service cost?
Nothing. Comparing offers is free and entirely non-binding, and you can decline every offer without owing a cent. We are paid a commission by the lender when a loan is paid out, so our income never comes out of your pocket, your rate or your monthly instalment.
In short
A vehicle loan pays for a car, a bakkie or a van and is almost always written as an instalment sale agreement: the lender pays the seller, keeps legal title, and transfers ownership when your final instalment clears. Terms run from 12 to 72 months, a deposit of ten to twenty percent is normal, comprehensive insurance is compulsory for the life of the agreement, and every NCR-licensed lender must complete an affordability assessment before paying anything out.
What you pay is decided by your credit record, your verified affordability, the deposit you put down, the structure you choose and the vehicle itself. Instalment sale, lease, balloon and refinancing all produce a different total from the same car, so model the amount, the rate and the term in the calculator before you set foot in a showroom, and add insurance, licensing and servicing to the monthly figure. Judge every quote on the total amount repayable rather than the instalment, and keep the term as short as your budget can absorb.
Comparing through Swiftbanker is free and non-binding. One application goes to our partner Myloan.co.za, which puts you in front of a panel of NCR-licensed lenders and returns the offers you qualify for, with no obligation to accept any of them.
About this service
How Swiftbanker works with Myloan.co.za
Swiftbanker is an independent comparison service for South African borrowers. We are not a lender, we do not grant credit and we do not decide what you are offered. Using the service costs nothing at any point.
When you submit the form, your application is processed by our partner Myloan.co.za, a leading loan marketplace in South Africa. Myloan puts your details in front of a panel of NCR-licensed lenders, runs the process under the National Credit Act, and returns the offers you qualify for. You compare them at your own pace and deal directly with the credit provider you choose.
We are paid a commission by the lender when a loan is paid out. That commission never changes what you pay: your rate and your fees are set by the credit provider within the legal caps, and declining every offer you receive costs you nothing at all.
Jacob Hartmann
Bakkies and vans are financed differently from cars, particularly when there is business use involved. Jacob has made sure those distinctions are covered.
Ready to compare vehicle loan offers?
One free application brings back offers from multiple NCR-licensed lenders – and you decide whether to accept any of them.