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Car Loan Scheme

Car Loan Scheme

Car Loan is given for buying new/ used passenger cars, Multi Utility Vehicles (MUVs), Sport Utility Vehicles (SUVs) to employed individuals, professionals and self-employed people.

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Features
  • Minimum net income of person : Pleae check with credit department 
  • Age of person : 21-55 years
  • Loan amount: upto 75% of the value of the car – minimum ZAR 50,000.
  • Competitive interest rates
  • Repayment in easy equated monthly instalments (EMI) which takes care of the interest component.
  • EMI not to be more than 40% of net monthly income
  • Repayment period : 12 months to 60 months

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