Rating based on 1,068 reviews
About – transACTdirect
When you plan to buy a motor vehicle you need a reliable partner that can assist you with everything you need in order to secure the best deal.
TransACTdirect provides private car finance to all South Africans who are looking to purchase a car, caravan or any other type of moving vehicle.
Take advantage of our comprehensive service
We provide a fully comprehensive service that takes care of the entire process on your behalf. Our expert team has the experience and expertise to handle any transaction. Our vehicle finance products have highly competitive rates and flexible repayment terms. We are ready and happy to answer questions or to help you through the application process.
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.
We work with both the buyer and the seller to offer the best solution and secure a favourable deal for both parties involved.
All our dealerships are approved
An experienced consultant will take care of all the administrative tasks on your behalf simply visit 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 may apply. If you are self-employed or are acting on behalf of your company, you will need to call us directly as you may not be able to apply for a loan online.
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Summary of Services
- CAR Financing
- VEHICLE Loans
- EMERGENCY Loans
- MOTORCYCLE Finance
TransACTdirect - Our loans are designed to suit your financial needs
If you plan to buy a vehicle from a private seller, you are more limited to the finance options available compared to when you purchase a car from a dealership.
We offer personal loan products and services which are specially designed for you. Use this TransACTdirect car loans review to learn more about this option.
Vehicle finance and related services
TransACTdirect is an independent company specializing in the provision of private to private vehicle finance and related services. Our company falls under MFC, which is the car finance division of Nedbank. As a division of Nedbank,k we have complete credibility which makes our service a popular choice with many car buyers. Our company is trustworthy and will handle your loan application 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. We offer all the standard features of Nedbank loans. Apply and obtain finance from R20 000 and up to R120 000. Obtain finance of up to 100% of the value of the vehicle. The repayment term options include 3, 4 and 5 years while the interest rate is fairly low for buyers with good credit history.
There are certain requirements you must meet in order to qualify for a quick loan. The vehicle that you purchase must not be older than 10 years. This is a strict requirement compared to the general requirements of a Nedbank vehicle that 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.
- You should have a good credit record
A complete solution
Our 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. Our service is completely comprehensive. Simply choose the right vehicle for your needs and we will take care of the rest for you.
This review concludes that the TransACTdirect car loans are among the best for buyers dealing with a private seller.
Customer Reviews & Testimonials
Great service and you guys truly care about all of your customers that you for the advice I really recommend them.
— Johannesburg —
They helped me sell my car so that I could get my new car the best service I have ever received.
— Port Elizabeth —
I feel very safe using then to get my car loan because you are able to track your application through its whole process keeping your peace of mind.
— Cape Town —
Their service is great and you can communicate with the staff to get all your information if you need any about your application they also go beyond for you.
— East London —