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Car Finance in Durban

Are you in Durban and looking to finance your car purchase? Whether it’s a new or used vehicle, CompareLoans can help you find the best car deals in town.

Simply input the loan amount and duration, hit “Calculate Repayments”, and browse through the displayed lenders.

Calculate repayments

MFC Vehicle Finance

MFC
12 months
to 96 months
R10,000
to R300,000
10.00%
APR
Whether you're buying a through an MFC approved dealer or privately, MFC can assist; for cars up to 10 years old or in some cases classic cars. Apply through Fincheck to be matched with the right vehicle finance provide for you.

RCS Vehicle Finance

RCS
12 months
to 72 months
R10,000
to R550,000
10.00%
APR
RCS are second-hand car finance specialists. Interest rates from prime* over 72 months. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Fincheck Vehicle Finance Broker

Fincheck
12 months
to 72 months
R10,000
to R250,000
10.25%
APR
Go through Fincheck's online application to get matched with loan provider that's most suitable for you.

MFC Vehicle Finance

MFC
12 months
to 96 months
R10,000
to R300,000
10.00%
APR
Whether you're buying a through an MFC approved dealer or privately, MFC can assist; for cars up to 10 years old or in some cases classic cars. Apply through Fincheck to be matched with the right vehicle finance provide for you.

RCS Vehicle Finance

RCS
12 months
to 72 months
R10,000
to R550,000
10.00%
APR
RCS are second-hand car finance specialists. Interest rates from prime* over 72 months. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Standard Bank -Financial lease

Standard Bank of South Africa
12 months
to 84 months
R20,000
to R200,000
10.25%
APR
Lease the vehicle you want, over an agreed period, with the option of owning it at the end of your financial lease. Apply through Fincheck to be matched with the right vehicle finance provide for you.

Fincheck Vehicle Finance Broker

Fincheck
12 months
to 72 months
R10,000
to R250,000
10.25%
APR
Go through Fincheck's online application to get matched with loan provider that's most suitable for you.

Wesbank Vehicle Finance

Wesbank
12 months
to 96 months
R10,000
to R300,000
13.00%
APR
Wesbank provide a range of value-added services that make it that much easier to own, drive and personalise your vehicle. Apply through Fincheck to be matched with the right vehicle finance provide for you.
What Dealership Finance offers: A tailor-made vehicle finance solution. Choice of fixed or variable rate. A reasonable balloon payment or residual value to match your agreement choice. What this allows you to do: Buy a vehicle from a dealership. Buy a vehicle up to 10 years old. Finance a vehicle for at least R30 000 after deposit.
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
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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.

Compare car loans and car finance in Durban – South Africa

Find out about car loans in Durban and facilitate a car purchase that gets you rolling smoothly from point A to B.

Where to find car finance in Durban

At CompareLoans, we walk you through the available car loan options in South Africa. Our comparison tables above and our list of popular vehicle lenders will help you find the loan you need quickly, easily, and conveniently.

How much can you borrow and for how long?

  • Car loan amounts range from R10 000 to R300 000, depending on the lender, the type of vehicle, and whether it’s new or used.
  • Loan terms are from 12 months to a maximum of 72 months or 84 months.

Secured car finance vs. Unsecured car finance

Secured car loans give the lender legal rights to claim the car if they don’t receive repayments from you. Unsecured car loans require no collateral, but they may have higher interest rates, and you must have a good credit score to qualify.

Variable-rate car finance vs. Fixed-rate car finance

The cost of borrowing a car loan is your interest rate which could be variable or fixed. A variable rate is affected by the market rate, and it may go up and down. A fixed-rate, on the other hand, is always the same rate from the start until you finish repayments.

Types of vehicle finance in Durban

Most South African vehicle finance lenders offer the following car loans options:

  • Instalment sale. You buy your dream car and pay for it in monthly instalments.
  • Financial lease. You lease or rent the car and then choose if you want to buy it after the lease expires.

What type of vehicle can you finance in Durban?

Tips for choosing the best car finance for you

  • Check fees and charges. When comparing loans look for low-interest car loans that also have fewer charges and fees. Also, check if the lender requires a deposit or a balloon payment (this is a lump sum paid at the end of the car loan).
  • Try our car finance calculator. Our car finance calculator helps you choose the best monthly instalment for your loan. Use the sliders to select your loan amount and term. Next, click calculate and check for the results in the comparison tables.

Blacklisted car finance in Durban

You can apply for blacklisted vehicle finance in Durban if you have a bad credit score. Finance for blacklisted clients typically comes with high-interest rates if your application is approved.

General requirements for applying

You must be 18 years and older while earning a regular, monthly income. The following documents are also required:

  • Valid driver’s licence;
  • Purchase agreement from your seller;
  • Bank statements and payslips; and
  • Proof of payment.

How to apply

  1. In the comparison tables above, click “Go to Site” for the lender of your choice.
  2. Visit their website and apply by filling in the application form and uploading documents.

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