FNB Vehicle Finance – You can make driving your dream car a reality when you apply for FNB Vehicle Finance. FNB offers different finance option you can choose from depending on your individual needs. Vehicle finance from FNB will help you with understanding the in and outs of what you need to do and consider before buying a car. They will assist you every step of the way starting with the proper research. They will encourage you to do proper research of the type of motor vehicle you want and what you can afford before you enter into a deal.
The National Credit Act does not specify a minimum cash deposit on any car purchased. This is the case with FNB Vehicle Finance there is no deposit required. Although no deposit is required it might be beneficial to save for a deposit as this will reduce your monthly repayments.
FNB Vehicle Finance Options
This is a tailor-made vehicle finance solution which comes with a choice of a fixed or variable rate. FNB Dealership finance allows you to buy a vehicle from a dealership and you can buy a vehicle of up to 10 years old. You can finance a vehicle for at least R30 000 after deposit. Clients are given the optional value adds along with their vehicle finance. You can add a Retrenchment Policy that will pay up to 9 monthly instalments when you are involuntarily retrenched and remain unemployed. As a client you can choose to add Deposit Protector which pays back your deposit if your vehicle is stolen or written off. Courtesy Car Policy is another add-on you can choose which will pay for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged.
Private Vehicle Finance
Private vehicle finance allows you to buy or sell your vehicle privately. This is ideal for those who do not want to buy a vehicle from a dealership and wish to do through a private deal. As a client you can finance a vehicle up to 20 years old and you can finance a vehicle for at least R30, 000 after deposit. You get a personalised interest rate you get to choose between a fixed or variable interest rate. Clients are offered with a network of FNB approved testing stations nationwide. Registration from the buyer is handled by FNB. Just like Dealership Finance you have optional value adds available with your finance. You get the option of Retrenchment Policy, Deposit Protector and Courtesy Car Policy.
Leisure Vehicle Finance
This will provide you with finance for motorbikes, boats and other dreams. This allows you to buy motorbikes privately or from a dealership and you can also purchase caravans of up to 20 years old. With the purchase of caravans it is subject to the bank’s discretion. You will get a personalised interest rate that suits you and with the choice of a fixed or variable rate. Just like Dealership Finance and Private Vehicle Finance you have optional value adds available with your finance. You get the option of Retrenchment Policy, Deposit Protector and Courtesy Car Policy.
Requirements To Apply For FNB Vehicle Finance
- You must be 18 years or older
- Your South African ID and a Valid driver’s licence
- If you are a foreigner, a valid passport with permit and international driver’s licence
- Applicants must be permanently employed
- You must earn at least R6 000 per month
- Proof of income (3 months payslips)
- Proof of residence
- Application for certification of road worthiness – For Private Vehicle Finance
- Notification of change of ownership – For Private Vehicle Finance
- Application for registration and licensing of motor vehicle – For Private Vehicle Finance
Application for FNB Vehicle Finance can be done online or you can feel the Call Me Back form online and they will contact you. You can also call them or visit your nearest FNB branch
FNB Vehicle Finance Contact Details
If you wish you get more information on FNB Vehicle Finance or apply you can visit their website www.fnb.co.za or you can call them on 0861 113 010.