About – transACTdirect
When you plan to buy a motor vehicle or a bicycle, you need a reliable partner who can help you with everything which you need to make the best deal. transACTdirect provides private car finance and financial transfers to all South Africans who want to purchase a car, caravan or any other type of moving vehicle.
a fully comprehensive service
We provide a fully comprehensive service and take care of the whole process. We have an expert team that has the experience and expertise to handle any transaction. Our vehicle finance products have highly competitive rates and flexible repayment terms. We are always ready to answer your questions and to handle your application. Just contact us.
Services – transACTdirect
transACTdirect has the authorisation of Nedbank's MFC division to provide private to private car finance and financial transfers of motor vehicles, different types of bicycles and caravans. It works with both the buyer and the seller to offer the best solution.
We deal with approved dealerships only.
An experienced consultant will take care of all the administrative tasks for you at any Nedbank branch in South Africa and transACTdirect will process the payment. Typically, the process is completed within 2 to 8 days. Vehicle exclusions and monthly income requirements apply. If you are self-employed or are acting on behalf of your company, you need to call us directly as you may not be able to apply for a loan online.
Summary of Services
- Car Financing
- Vehicle Loans
- Emergency Loans
- Motorcycle Finance
transACTdirect Car Loans - Will They Suit Your Needs
If you plan to buy a vehicle from a private seller, you have more limited finance options compared to those who purchase a car from a dealership. The good news is that there are some personal loan products and services which are especially designed for buyers like you. Use this transACTdirect car loans review to learn more about this option and figure out whether to use it.
vehicle finance and related services
transACTdirect is an independent company specialising in the provision of private to private vehicle finance and related services. The company works under MFC, which is the car finance division of Nedbank. This gives it complete credibility and makes it a popular choice with many car buyers. The company is trustworthy so you can turn to it with complete confidence.
100% of the value of the vehicle
The transACTdirect car loans are designed especially for people buying a car from a private seller. You can expect to get the standard features of Nedbank loans. You can obtain finance from R20 000 to R120 000. You can get finance up to 100% of the value of the vehicle. The repayment term options include 3, 4 and 5 years. The interest rates are fairly low for buyers with good credit history.
There is a set of requirements which you must meet in order to qualify for a quick loan via this company. The vehicle which you buy must not be older than 10 years. This is a stricter requirement compared to the general requirements of Nedbank which state that you can qualify for finance even if the vehicle is 20 years old. Another major requirement is for you to have a net salary of over R5 500 a month. Your credit record must be good as well. The requirements are fairly high, but you will get a lot for meeting them.
a complete solution for buyers
The company offers a complete solution for buyers working with private sellers. transACTdirect will take care of the online loan application, the document collection, the signing of the contract with the bank and the payment to the seller. The service is perfectly comprehensive. All you will have to do is to pick the right car for you. This review concludes that the transACTdirect car loans are among the best for buyers dealing with a private seller.