A Guide to the Nedbank Vehicle Finance Application

A Guide to the Nedbank Vehicle Finance Application

Nedbank Vehicle Finance is offered through MFC Finance, a division of Nedbank.

Nedbank Vehicle Finance is available from R20 000 to R120 000.  Offered at highly competitive interest rates, the finance option finances vehicles up to 20 years old.

To qualify, individuals must have a good credit history and flexible repayment terms of 3, 4 or 5 years are offered.

Opting for vehicle finance is an ideal solution if you are looking for a simple way to buy a car, without using your cash. You are able to spread the cost of the vehicle over a long period of time.

Finance options offered:

Instalment Agreement– best suited to individuals who wish to retain ownership of the vehicle.

Lease Agreement– clients are provided with uninterrupted use of a vehicle rather than ownership of the vehicle.

Balloon Payment

Rate Payment

What are the Nedbank Vehicle Finance qualifying criteria?

  • Be permanently employed
  • Earn a minimum monthly salary of R3200 per month
  • Have a salary paid into your bank account
  • Be contactable by telephone
  • Provide a valid South African ID copy
  • Provide a copy of your drivers’ licence

A simple guide to the Nedbank Vehicle Finance Application:

  1. The first step when you want to buy a car involves knowing what you can afford.
  2. You can then find a car.
  3. Apply for finance. Once you’ve chosen your car, ask your dealer for the MFC Finance application form. Be sure that you understand the available options. Make sure that you take the following documents with you to your dealership:
  • Copy of your valid South African ID
  • Copy of your drivers’ licence
  • Proof of income
  • Proof of residence

The dealership will submit your application for finance for you

  1. Get insurance
  2. Sign the contract
  3. Once your finance has been approved and you have signed an offer to purchase, the dealership will contact you for a suitable time to sign all the legal documentation.

Visit www.mfc.co.za or call 0860 879 900

Categories: Vehicle finance