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Compare truck finance in South Africa

Truck financing is easy to achieve once you have a good idea how it will affect your budget. South African lenders stand ready to offer loan options to achieve this and our calculator can help you budget for this decision.

All you have to do is input the loan amount, adjust the loan term and then click calculate. You will then have a good idea of what your monthly repayment will be. Go ahead and give it a try.

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Personal Loan - Excellent Credit

12 months
to 72 months
to R250,000
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Personal Loan - Average Credit

12 months
to 72 months
to R250,000
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

MFC Vehicle Finance

12 months
to 96 months
to R300,000
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

12 months
to 60 months
to R150,000
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
to R200,000
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.

Wesbank Vehicle Finance

12 months
to 96 months
to R300,000
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.
Get a principal decision within 24 hours if all necessary documents have been provided.
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
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.

Albaraka Bank Vehicle Finance

Albaraka Bank
12 months
to 72 months
to R250,000
Low deposit requirement. No monthly admin fees. Competitive pricing. Annual lump sum option available. Option of fixed or variable repayments. Up to 72 months. provides factual information in relation to financial products. While 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 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 recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see'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.

Get the best truck finance for your business and personal needs

Getting a truck can take care of all the heavy lifting and keep your business rolling forward. These heavy machines don’t always come cheap whether you want to start your business or you’re looking for the next addition to your vehicle fleet. If you need extra funds when you go shopping for any type of heavy vehicle, then truck finance might be your best answer.

How does truck finance work?

Truck finance involves getting a loan to buy a heavy vehicle. That means you can own the truck, drive it, and use it for your business without paying the full price. Instead, once you take out the loan, you pay for the truck in small instalments usually every month. You can choose the repayment period and the size of your monthly payments.

What types of trucks can you finance?

With truck finance, you can purchase a used or new vehicle of the following types:

  • Trailers
  • Delivery van
  • Tow trucks
  • Flatbed trucks
  • Construction equipment
  • Refrigerated trucks
  • Other types of heavy vehicles

Which types of loans are available for truck finance?

There are many options available, whether you’re searching for truck finance in Gauteng, Eastern Cape, or any place in South Africa. The same also applies if you’re looking for dump truck financing or equipment financing. Here are your financing program options:

Instalment sales agreement

The lender pays the full cost of the truck, and you get to use the truck immediately. However, ownership of the truck is only transferred to you after you have made all the payments, including interest. The truck, therefore, serves as security for the loan.

Financial lease

The lender buys the truck, and you rent it from them. This rental agreement is for a specific period during which you make monthly payments to the lender. These monthly payments usually must add up to the full cost of the truck before you can own it. At the end of the rental period, you can return the truck, renew the contract, or pay the remaining amount to buy the truck.

Operational lease

In this case, the lender rents the truck to you, and you can use it for a time specified in the contract. You also make monthly payments to the lender, but they typically don’t add up to the full cost of the truck. After the contract ends, you won’t have the option to buy the truck, and the truck is expected to have residual value so that the lender can still profit by selling it. However, you can always renew the lease. You can also get truck maintenance as part of the financial service.

Commercial hire-purchase

You hire the truck from the lender, and you make fixed monthly payments for an agreed period. That means the lender owns the truck, but when the loan contract is over, and you have made all the necessary payments, you become the full owner of the truck.

Personal loan

This general-purpose loan can be used to buy a truck for your business. You’ll also be able to use the truck for personal errands if you choose. However, most personal loans are unsecured and might, therefore, have higher interest rates compared to other truck finance options.

How to compare your truck finance options

With so many truck finance options available, looking at the following factors can help you choose the best option for your situation:

  • Interest rate: This is what the truck finance company charges you for the loan. You can choose a variable or fixed rate, but it’s always better to aim for a low interest loan.
  • Repayment plan: Find out how much you’ll pay per instalment and how flexible these repayments will be. For example, can you make additional or early repayments? Is the repayment amount suitable for you?
  • Truck fleet options: If you’re looking to buy more than one truck, check whether the lender will be able to provide fleet financing. Be sure to fully understand what the loan contract requires from you.
  • Deposit/Balloon payment: Are you willing to pay a lump sum of money at the beginning (deposit) or end (balloon payment) of the loan contract? On the other hand, you might be searching for truck finance with no deposit in South Africa.
  • Loan term: Find out how long the loan contract will last. While longer loan contracts have smaller monthly payments, you’ll have to pay more in interest. To reduce the total cost of your truck loan, and if you can afford it, choose a shorter loan contract.
  • The total cost of the loan: Understand all the upfront and monthly charges you’ll have to pay, besides interest. That way, you’ll be able to calculate the total cost of the loan and see if you can afford it.

Use the truck finance loan calculator for your estimated monthly payments

Looking at the estimated monthly payments for your truck loan is also a good way to compare finance options. offers the truck finance loan repayment calculator as a free tool that shows the expected payment per month for each loan. Just enter your loan amount and term, click “Calculate Repayment” and the results will be made available.

Truck finance requirements

General requirements when applying for truck finance in South Africa are as follows:

  • Permanently employed;
  • 18 years and older;
  • South African or International driving licence;
  • Proof of income;
  • South African ID/citizenship; and
  • A good credit score.

How to apply for truck finance online

More specific requirements depend on the lender. If you check our comparison tables, we have featured vehicle finance options. After you have chosen your lender, you can start the application process via this page by clicking the “Go to Site” button. Once you have visited the lender’s website, you can start your online application by providing the lender with your personal information and documents.

Tips for choosing the right truck

There is a wide variety of useful heavy vehicles in South Africa, but you must choose the best type for your needs. Your choice, therefore, depends on the following:

  • Reliability – Quality is a top priority. Choose a truck from a reliable brand that can give you value for your money over the period you use it. Avoid vehicles that might need a lot of servicing and maintenance.
  • Capability – If you have heavy-duty needs, then you also need a heavy-duty truck.
  • Features – Make sure the truck has the right features for the functions you want. Also, features that increase safety and ease-of-use are crucial. Think blind-spot monitoring and power steering.

Mistakes to avoid when choosing the best truck finance

  • Choosing a truck finance option you can’t afford will make it difficult to pay the loan back. Use the truck finance calculator to figure out which monthly payments are affordable to you.
  • Buying a truck without doing proper research means you can end up making a poor choice. Make sure the truck will perform enough for your needs and that it’s not expensive to maintain.
  • Choosing the wrong truck loan means you’ll be stuck in an agreement that might not work for you. Compare truck financing companies using the factors outlined earlier for best results.

What are the advantages of truck finance?

  • You can choose a personalised truck loan that allows you to get the type of heavy vehicle you want. For example, when buying a dump truck check for dump truck loan offers.
  • Flexible repayment terms that suit your personal or business cash flow.
  • You get the full benefits of using the truck without paying the full cash price at once.
  • There might be tax benefits for your trucking company.

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