Motor Loans

Motor Loans are experts in car finance with customers rating their services highly because of their simplicity and speed.

You'll find all the information you need when applying for a loan on how to make an informed decision on their website. 

To help you make a choice even faster they've compared the different options available for you so that you can compare them and easily make a choice.

Find out exactly which car finance option is best for your and then apply, it's really that simple!

Speedy quote service

Motor Loans' consultants are available to answer all your questions professionally and put any concerns that you have to rest.

With their speedy quote service, you're guaranteed to get the best deal on the market.

Motor Loans' service is based on expertise, experience, and full dedication to their many satisfied clients. Their business is based on integrity and full commitment to helping clients get car finance in South Africa.

Complete the online application form and tell them what you're looking for, their consultants will then verify your details and send you an outcome then contact you to proceed with a car loan application.

You should be fully aware of your options when it comes to vehicle finance. You can select from 2 main types of finance; hire purchase or residual purchase.

Each of these online loan options has its own benefits and drawbacks so you need to compare them carefully to determine which option will best suit your needs.

Compare rate options

Deciding between hire purchase and the residual purchase will depend on what you need from your loan.

You'll need to base your comparison on your individual circumstances at a particular moment to make the right choice. Both of these options can carry an interest rate that is either fixed or linked.

Compare the 2 types of car finance rates to find out which one will be more affordable and cost-efficient for you.

Hire purchase allows you to pay a low deposit on the car as a down payment than hire the car by paying monthly instalments. At the end of the loan term, you'll be given the option to buy the car and own it outright.

A residual purchase loan means that you'll pay a balloon payment at the end of your loan term. The bank will defer between 30 and 35% of the value of the vehicle that you only need to repay at the end of your loan term.