Important disclosure

Absa Vehicle Finance

Loan Amount

R100,000

Term

60 months

Absa

Absa Car loan - Instalment Sale Agreement

Estimated Month Repayments
Interest Rate
12.50%
APR
Repayment Period
24 months
to 72 months
Loan Amounts
R10,000
to R250,000
Experience the joy of owning your car while you are paying it off with our flexible instalment sale agreement. Own the vehicle while you are paying it off. Reduce your monthly payments by choosing a balloon payment or by paying a deposit. Choose a monthly repayment from 24 - 72 months. Fixed or variable interest rates available
Absa

Absa Car loan - Islamic Vehicle Finance

Estimated Month Repayments
Interest Rate
12.50%
APR
Repayment Period
24 months
to 72 months
Loan Amounts
R10,000
to R250,000
Islamic Vehicle Finance will ensure that you get the vehicle you want, whether it is for business or personal use, in a fully Shari'ah-compliant manner. Using the concept of Ijaarah, which is similar to leasing, you can enjoy access to a vehicle for a fixed period and price. This approach is Shari'ah-compliant and allows you to benefit from unique advantages, such as 100% financing and tax benefits. Variable and fixed rental fees for the duration of the lease. Flexible payment options to reduce your monthly rental fee
Absa

Absa Car loan - Rental Agreement

Estimated Month Repayments
Interest Rate
12.50%
APR
Repayment Period
24 months
to 72 months
Loan Amounts
R10,000
to R250,000
If you opt for a rental agreement you have full use of your vehicle without ever owning it. You will get: Full use of the vehicle or any other asset without the hassle of ownership, drive an expensive vehicle or asset without having to buy it , only pay for the use of the vehicle or other asset. It is an option to manage cash flow , affordable, fixed monthly payment, repayment period of up to 72 months. The choice of lower monthly repayments by opting to make a balloon payment at the end of the rental period
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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.