Car finance calculator

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This car finance calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Nedbank MFC will get you into the driving seat of your dream car

The purchase of a vehicle is an important step for any individual or family.

It's important to shop around to find the best option and to choose the best finance deal available on the market. Nedbank's vehicle finance division MFC is ready to deliver the ideal car finance option for you - no matter what your budget or needs.

Nedbank MFC is a well-established financial institution with a long history. They're a reliable provider of vehicle finance for South African citizens and have become a household name for all things related to car finance. They offer a wide variety of vehicle financing options to suit a wide range of needs.

No deposit, no problem

Nedbank car loans are available without you needing to put down a deposit, subject to meeting MFC's criteria. This means that you can get finance of up to 100%. This is a superb benefit that many other lenders don't offer. You don't have to have any savings in order to finance a car!

The loan size range based on income but the maximum loan term is 96 months. Their loan range matches the needs of most vehicle buyers in South Africa. The amount you qualify for will depend on your personal affordability. You can acquire sufficient financing to buy a family sedan or a powerful SUV.

The interest rates are highly competitive and are among the best you'll find on the market. To take advantage of MFC's top deals you'll need to have a good credit history.

Repayment flexibility

Nedbank car loans offer a great level of flexibility and can be customized to suit your requirements. You can repay the loan in 72 months (or up to 96 months in certain cases). A shorter term will help you save on the total amount of interest which you have to pay, while a longer term will make your monthly payments smaller. You can determine which option would suit you best by using Nedbank car finance calculator. 

Nedbank's flexible when it comes to the range of vehicles eligible for finance as they finance new and pre-owned cars. They can finance vehicles up to 10 years old (subject to meeting their specific criteria). 

What you’ll need to apply for Nedbank vehicle finance:

• A front and bank copy of your Smart ID card/South African ID document
• A front and back copy of your driver’s license
• Proof of your current address not older than 3 months
• The last 3 month’s payslips
• Your 3 recent stamped bank statements
• The eligibility criteria for Nedbank vehicle finance