Important disclosure

FNB Vehicle Finance Calculator

Our easy to use First National Bank vehicle finance calculator will help you uncover the total cost of financing your vehicle loan. It determines the monthly loan repayment of a certain loan amount over a set period of time.

Once you adjust the calculator to meet your requirements of loan amount and loan term then click calculate. You can adjust both the loan amount and loan term as much as you like. Go ahead and give it a try.

Calculate repayments

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.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Vehicle Finance interest rates (base)9.00%

Vehicle finance APR9.00%

Monthly repayments (approx)R2,146

Total repayments (approx)R128,760

Total interest repayments (approx)R28,760

Rate typeFixed

Secured or unsecuredSecured

GO TO First National Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0861 113 010

Data accurate as of18.01.2020

Minimum monthly incomeR6,000

GO TO First National Bank

Hide info -

Buy or sell a vehicle privately. Finance a vehicle up to 20 years old. Finance a vehicle for at least R30 000 after deposit. Retrenchment Policy: Pays up to 9 monthly instalments when you are involuntarily retrenched and remain unemployed. Courtesy Car Policy: Pays for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged. The interest rate is tailor made to suit you. Within 30 minutes you'll get an answer on the outcome of your application.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Vehicle Finance interest rates (base)9.00%

Vehicle finance APR9.00%

Monthly repayments (approx)R2,146

Total repayments (approx)R128,760

Total interest repayments (approx)R28,760

Rate typeFixed

Secured or unsecuredSecured

GO TO First National Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0861 113 010

Data accurate as of18.01.2020

Minimum monthly incomeR6,000

GO TO First National Bank

Hide info -

Finance your new or used leisure vehicle such as classic car, motorbike, boat or caravan. Finance to buy a leisure vehicle from a dealership. You have a choice of Fixed or Variable interest rates. Courtesy Car Policy: Pays for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged. The interest rate is tailor made to suit you. Within 30 minutes you'll get an answer on the outcome of your application.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed or Variable

Secured or unsecuredSecured

GO TO First National Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0861 113 010

Data accurate as of18.01.2020

Minimum monthly incomeR6,000

GO TO First National Bank

Hide info -

Calculate your affordability and apply for the loan you need for a new or pre-owned car, motorbike, boat, caravan or microlight.

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR200,000

Minimum term (months)12 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)10.25%

Vehicle finance APR10.25%

Monthly repayments (approx)R2,208

Total repayments (approx)R132,480

Total interest repayments (approx)R32,480

Rate typeFixed

Secured or unsecuredSecured

GO TO Standard Bank of South Africa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesNo

SponsoredNo

Telephone0860 123 000

Data accurate as of18.01.2020

Minimum monthly incomeR8,000

GO TO Standard Bank of South Africa

Hide info -

Get a principal decision within 24 hours if all necessary documents have been provided.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)240 months

Vehicle Finance interest rates (base)12.25%

Vehicle finance APR12.25%

Monthly repayments (approx)R2,295

Total repayments (approx)R137,700

Total interest repayments (approx)R37,700

Rate typeFixed

Secured or unsecuredSecured

GO TO Mercantile Bank

Other Fees & Information

Monthly feeR57.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 11 99 25

Data accurate as of18.01.2020

Minimum monthly incomeUnknown

GO TO Mercantile Bank

Hide info -

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

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)24 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed

Secured or unsecuredSecured

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 100 372

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Absa

Hide info -

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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use and Services Guide.

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.

What type of car loan are you looking for?

FNB vehicle finance calculator for your monthly repayments

When applying for vehicle finance with FNB in South Africa, there are a few steps involved. Shopping for a car is always the exciting part, but before you start visiting dealerships, it is best to make a few calculations before finalising any transactions. To help you make the right calculations, CompareLoans has created a fast and easy-to-use FNB vehicle finance calculator. In short, the calculator enables you to calculate your monthly repayments, which offers many advantages that will be outlined in this article. However, to better understand how this car loan calculator works, we will first take a brief look at FNB vehicle finance.

A screenshot of how FNB vehicle finance works

What are the vehicle loan options? – There are 3 options available: FNB dealership finance, FNB private vehicle finance, and FNB leisure vehicle finance.

How much can you borrow? – Between R30 000 and R250 000.

For how long can you borrow? – FNB loan terms range from 12 to 60 months.

What type of car can you buy? – Any new or used vehicle that is not older than 20 years (except for vintages). Vehicle types include cars, vans, bakkies, motorbikes, boats, and caravans.

Is insurance included? – Each vehicle finance option includes several insurance products to protect from unforeseen circumstances.

How to use the FNB car finance calculator

The FNB car loan calculator answers the question, “How much do I have to pay back every month after getting the car loan?” Whether you’re buying a new or used car, you can use the calculator to find the estimated monthly repayments for your loan. Read through the following guidelines and try it to see how it can help you choose the best loan option:

  1. How much do you want to borrow?: Here, enter the loan amount you want by using the first sliding tool.
  2. For how long?: Next, choose the loan term you want by using the second sliding tool.
  3. Calculate: Click “Calculate Repayment.” You will be able to see the result immediately.
  4. Try the process as often as you like: If you think the monthly payment result you got from the calculator is not right for you, repeat the process. Adjust, the loan amount or loan term, or both to get a result that suits you.

Please note: The information supplied on this site is subject to confirmation, and all rates quoted are guidelines only.

How can the result from the FNB motor vehicle finance calculator help you?

The FNB auto loan calculator displays results for all three options on offer. The results can be viewed in the comparison tables above. In addition to the estimated monthly instalment, the comparison tables will also show the interest rate and fees, which are included in the payment. Once you know the monthly cost of paying back the loan, it is easy to calculate the total costs and to see if the loan option is affordable for you. If it’s not, you can keep using the calculator by choosing different values.

Will the FNB repayment calculator help with your vehicle finance application?

Using the FNB car loan calculator can help you directly or indirectly as you go through the following stages of the application  process:

  1. Budget for your car – You can use the loan calculator to decide which budget for your car gives you the best monthly repayment amount.
  2. Calculate monthly repayments – The loan calculator will help you see if your monthly income can cover the instalments for the loan you want to take out.
  3. Find the right car – Now, that you have a budget that works for you, it’s easy to shop for a car since you already know the price tag you’re looking for.
  4. Apply for finance – Next, make your application with FNB. Because you have used the loan calculator to choose an option that matches your budget and income, there is a high chance that your application will be approved, especially if you meet all the requirements.
  5. Collect your car and start driving – Make affordable repayments as predicted by the loan calculator for the amount and term you selected. When you choose the right repayment option as shown by the calculator, you can make all payments on time, after which you can take full ownership of the car.

What is included in your monthly repayments?

The calculator gives you an estimated monthly payment which also includes the following:

  • Principal amount – This is the initial amount that you borrowed.
  • Interest payments – This is what the bank charges you for borrowing money.
  • Other fees – These include the monthly service fee and the initiation fee.
  • Insurance – This fee covers the financial protection you’ll receive in the event that you’re unable to make the required payments or if the car is damaged or lost.

What are the other advantages of using the FNB car loan calculator?

  • You can use it to estimate the total costs involved over the life of your loan;
  • It can be adjusted endlessly to give you different results so you can make comparisons;
  • You can identify the right loan option for you in just a few minutes;
  • By choosing a loan option that is right for your income, you avoid going out of budget, which can lead to missed payments and a lower credit score.

After using the FNB vehicle finance calculator, what next?

Once you have used the results from the FNB car finance calculator to find the right car, you can begin the online application process right here on this page. It’s easy – simply click the correct “Go to Site” button in the comparison tables above to visit the FNB website.

If you still want to know more about FNB vehicle finance before continuing with your application, you can visit this page.

What else do you need before making an FNB vehicle finance online application?

General requirements for FNB vehicle finance include:

  • Minimum age 18 years;
  • Valid South African licence and ID;
  • Payslips and bank statements; and
  • Proof of residence.

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