Car Finance Calculator from Nedbank
Choosing to buy a car by getting car finance provides a simple and convenient way of getting access to the kind of car that you want. Cars can be quite expensive and not all people can afford to buy them using cash upfront. This is where car finance can come in handy.
By getting this type of finance you can pay for the car that you want over a long period of time.
Nedbank Car Finance provides finance from R20 000 to R200 000. Repayment periods are flexible and offered from 36, 48 or 60 months.
Types of car finance you can get from Nedbank:
Instalment sale agreement
Lease agreement
Documents you need to apply for Car Finance from Nedbank:
- Valid South African ID copy
- Copy of drivers’ licence
- Proof of income
- Proof of residence
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
- Provide proof of income
- Provide proof of residence
More about the different Car Finance Calculators from Nedbank:
Instalment Calculator
Calculate your monthly instalment based on the vehicle price, the deposit you can afford to put down and a preferred repayment period. It’s important to keep in mind that the calculator is a guideline only.
Budget Calculator
This calculator helps you work out how much of your budget can go towards loan repayments every month. Enter your monthly income after taxes and subtract your monthly expenses. The remaining balance is an estimate of what you can possibly put toward your monthly motor finance payment. Remember to take insurance and registration costs into consideration.
Visit www.mfc.co.za or call 0860 879 900
