Why choose an instalment sale agreement?

Experience the joy of full ownership while you are paying your car off

Apply now

How to apply:
What you get
  • Own the vehicle while you are paying it off.
  • You can reduce your monthly payments by choosing a balloon payment, a residual value payment paying a deposit.
  • Choose a monthly repayment between 24 and 72 months.
  • Fixed or variable interest rates available.
Benefits of a an instalment sale agreement
What you need to know
  • Instalment finance is not available for cars older than 5 years Consider taking out a personal loan.
  • Early settlement without any penalties allowed if the finance amount is less than R250 000.
  • You must take out insurance is mandatory to obtain finance.
  • Absa offers a range of competitive insurance options, but you have the option to get insurance from an insurer of your choice.
  • An affordable credit protection plan is available to settle the outstanding balance in the case of death, disability or retrenchment.
  • You can also get extended cover to help cover the shortfall of a settlement amount in the event of your vehicle being stolen or hi-jacked or written off.
Optional and value-added extras
What you need

Absa clients:

  • Proof of Identity (South African  ID or identity card)
  • Proof of address (not older than 3 months)
  • A valid salary slip (latest)

Foreign residents and non-ABSA clients:

  • Work permit
  • Passport
  • Letter of appointment or a payslip
  • International driver’s license
  • Last 3 months’ bank statements (non-ABSA clients)

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