We can help you with so much more than just a car loan. Talk to us and find out how easy it is to own your own car.

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What you can expect

  • What you get

    • Get up to 90% of the value of your car from the bank.
    • Maximum repayment period is 5 years.
    • The car belongs to you after you have paid it off.
    • Car insurance is available at the best price in the market.
  • What you need to know

    • Second-hand vehicles up to 5 years old can be financed.
    • You have to earn a minimum wage of 10,000MT per month.
    • The monthly repayment amount is deducted from your salary.
    • The variable interest rate is linked to the prime system finance rate.
  • What to bring when you apply

    • National ID card
    • Proof of residence
    • Proof of income
    • Last 3 months’ bank statements
    • Confirmation of employment
    • An active Absa current account
    • Latest salary statement
    • Proforma invoice from an authorised car dealer
    • A completed application form

    *All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).

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Need more help?

Contact us on:

Switchboard: +258 21 344 400
Email: linhacliente@absa.africa

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