Why choose an instalment sale agreement?

Experience the joy of owning your car while you are paying it off.

Apply now

How to apply:
How to apply
  • Choose the vehicle you want.
  • Agree on an interest rate, monthly repayment amount and repayment period. 
  • Once all the documents have been signed and handed in, you can get your vehicle.
Benefits of a an instalment sale agreement
Benefits of a an 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 residual value payment or make an upfront deposit.
  • Choose a monthly repayment plan that suits you with options of paying your loan off between 24 and 72 months.
  • Instalment finance is not available for cars older than five years, but you can always consider taking out a personal loan.
  • Your repayment plan allows for early settlement without any penalties provided your finance
    amount is not more than R250 000.
  • Fixed or variable interest rates - you choose.
Optional and value-added extras
Optional and value-added extras
  • Insurance is mandatory to obtain finance. Absa offers a range of competitive insurance options, but you do have the option to obtain insurance from an insurer of choice.
  • You get access to Absa Online to view and monitor your outstanding balance, transactions history, etc. If you are already registered for internet banking, you can simply link this account to your profile.
  • If you don’t currently have a transactional account at Absa, once you have financed your car with us, you can still register for online banking.
  •  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.
  • You get tax benefits if the vehicle is purchased by a business and the vehicle is used in the business to generate income. 

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