Our finance solutions

Solution
 
Key Features
 
Instalment Sale Agreement
Instalment Sale Agreement
 
  • You own the vehicle while you are paying it off.
  • It’s flexible - you can reduce your monthly payments by choosing a balloon payment or pay a deposit.
  • Choose a monthly repayment plan that suits you with options of paying your loan off between 24 and 72 months.
  • Fixed or variable interest rates - you choose.
  • The car belongs to you after you have paid it in full.
  • An affordable credit protection plan is available to settle the outstanding balance in the case of death, disability or retrenchment.
  • You get access to Absa Online to view and monitor your outstanding balance, transactions history, etc.
  • Instalment finance is not available for cars older than five years, but you can always consider taking out a personal loan.

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Lease Agreement
Lease Agreement
 
  • Enjoy the use of the vehicle for the lease period.
  • It’s flexible - you can reduce your monthly payments by choosing a balloon payment or pay  a deposit.
  • Choose a monthly repayment plan that suits you with options of paying your lease between 24 and 72 months.
  • Fixed or variable interest rates - you choose.
  • You have the option of buying the vehicle at the end of the lease period without any obligations.
  • An affordable credit protection plan is available to settle the outstanding balance in the case of death, disability or retrenchment.
  • You get access to Absa Online to view and monitor your outstanding balance, transactions history, etc.
  • An initiation fee and a monthly service fee are charged on all new contracts.

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Rental Agreement
Rental Agreement
 
  • Enjoy an affordable, fixed monthly payment
  • It offers the flexibility of choosing a repayment period of up to 72 months.
  • Choose a fixed or variable interest rate.
  • Convenient - drive the vehicle of your choice without the hassles of ownership.
  • An Affordable credit protection plan to settle the outstanding balance in the case of death, disability or retrenchment.
  • You get access to Absa Online to view and monitor your outstanding balance, transactions history, etc.
  • A risk assessment may require you to pay a deposit upfront.

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Islamic Vehicle Finance
Islamic Vehicle Finance
 
  • You can enjoy access to a vehicle for a fixed period and price.
  • Flexible payment options allow you to reduce your monthly rental fee when you have extra cash.
  • Choose between variable and fixed rental fees for the duration of the lease.
  • At end of lease, you can buy the vehicle at an agreed price, nominate a third party to buy it or use it at a reduced or null rental fee.
  • We offer insurance cover for your commercial assets and vehicles with access to a range of free services.
  • You get access to Absa Online to view and monitor your outstanding balance, transactions history, etc.
  • Benefit from unique advantages such as 100% financing and tax benefits.

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Our credit protection options

Solution
 
Benefits
Minimum entry age
Maximum entry age
Term of agreement
Maximum sum insured
Plan A
Plan A
 
  • Death
18 years
60 years
Maximum 84 months
R1 000 000
Plan B
Plan B
 
  • Death
  • Disability
18 years
60 years
Maximum 84 months
R1 000 000
Plan C
Plan C
 
  • Death
  • Disability
  • Dread disease
18 years
60 years
Maximum 84 months
R1 000 000
Plan D
Plan D
 
  • Death
  • Disability
  • Dread disease
  • Retrenchment
18 years
60 years
Maximum 84 months
R1 000 000

Our credit protection options

Solution
 
Benefits
Minimum entry age
Maximum entry age
Term of agreement
Maximum sum insured
Taxi
Taxi
 
  • Death
  • Disability
  • Dread disease
18 years
60 years
Maximum 84 months
R500 000
Platinum Protection
Platinum Protection
 
  • Death
  • Disability
  • Retrenchment
  • Accidental death
18 years
60 years
Maximum 84 months
R750 000

Our warranty options

Solution
Cover period
Cover
Ultimate Extended Warranty
Ultimate Extended Warranty
1 or 2 years
  • New and used passenger and light commercial vehicles following the expiry of the manufacturer's warranty.
Ultimate Pre-Owned Warranty
Ultimate Pre-Owned Warranty
1 or 2 years
  • New and used passenger and light commercial vehicles following the expiry of the manufacturer's warranty

Our extended cover option

Solution
 
Cover
Extended cover with small repairs
Extended cover
 
  • Extended cover will complement your comprehensive insurance and ensure that you can cover shortfalls or small repairs on your vehicle.

Contact us

Email us for more information on our value-adding insurance products:

Credit Protection: Vehicle.creditprotect@absa.co.za

Warranty: Absa@za.innovation-group.com

Extended Cover: Extended.cover@absa.co.za

Need more help?

Need more help?

Let one of our consultants help you get the best loan for your needs.

Call us on:

0860 669 669

Call Islamic car finance on:

0860 000 786

Visit your nearest branch