Key benefits
- Up to 100% financing of the cost of the vehicle, including additional expenses such as Road Tax and VAT
- Financing available up to Rs6,000,000 at competitive interest rates*
- Flexible repayment periods of up to 7 years are available
- No penalty fees for early repayments
- Unsecured loan and secured loan available (lien or Gage Sans Deplacement)
- Non-Absa customers are also eligible to apply
- Available for new and reconditioned vehicles purchased through authorised car dealers
* Terms and conditions apply and loan approval is subject to credit assessment
Documents required to apply
- Proof of ID i.e. national identity card, valid passport
- Latest payslip (in case you receive variable income, e.g. monthly commissions, then we shall need your 12 months’ payslips)
- Utility bill (no older than three months) that is in your name
- Birth or marriage certificate (where applicable)
- Last 3 months' bank statement, where your salary is being credited
- If you have been with your current employer 6 months or less, letter confirming permanent employment.
- Contract of employment if you are working under contract
- Pro forma invoice/quotation from car dealer
All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).
