Get Islamic Vehicle Finance

  • How it works

    Using the concept of Ijaarah, which is similar to leasing, you can enjoy access to a vehicle for a fixed period and price. This approach is Shari'ah-compliant and allows you to benefit from the unique advantages as well, such as 100% financing and tax benefits.

    With our vehicle finance, you get your car while paying for it in manageable monthly instalments.

  • What you need to know

    • You can choose between variable and fixed payment rental options to suit your needs
    •  An inflated final (bullet) payment can be negotiated 
    • Flexible payment options that allow you to reduce your monthly rental fee when you have extra cash
    •  Access to free mechanical and electrical assistance,  home and roadside assistance (for breakdowns) and great deals on products and travel services.
    • Payment periods can be structured to suit your requirements and credit risk profile 
    • Your last payment is regarded as the purchase of the asset whereby ownership is then transferred to you 
    • 100% financing and tax benefits available 

  • How to apply

    1. Find the vehicle you want.
    2. Agree on the profit rate and payment terms.
    3. Sign the required documents and you’re done.

  • What you need to apply

    Absa clients:

    • Proof of identity (South African green barcoded ID or smart ID card)
    • Proof of address (not older than three months)
    • Latest payslip.

    Foreign residents and non-Absa clients:

    • Valid work permit
    • Valid passport
    • Latest payslip or letter of appointment from employer
    • International driving licence
    • Three months’ bank statements.

  • Follow up on an application

    1. We’ll send you a reference number once your vehicle finance application is submitted.
    2. Call 0860 669 669 and give the agent your reference number.
    3. Track your application’s progress while on the phone with the agent.

Explore your options

Browse auctions

Find vehicles on auction.                         

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Shop around

Get the best price

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Sell your car

Sell on Absa FASTBuy

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Buying or selling?

Get the best deal from us. 

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The ins and outs of owning a car
 

Own a car?

Budgeting is key.                                                                               

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Buying a car?

Here are some guidelines.                          

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Selling a car?

Let us help you.                                               

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Balloon payment

What you need to know.                                         

See more

Need more help?

Let one of our consultants help you to get the best vehicle finance for your needs.

Contact us

Call: 0860 669 669

Call Islamic Vehicle Finance: 0860 000 786