MFC Vehicle Finance: car loans for new and used vehicles
MFC, a division of Nedbank, offers vehicle and asset finance in South Africa. Whether you are buying from a dealership or a private seller, you can work out what you can afford and apply for finance online.
Check out some of the available options:
What can you finance with MFC?
- A new or used car bought from an MFC accredited dealership.
- A vehicle bought directly from a private seller.
- A solar system for your home, from preferred providers.
- Your existing vehicle or asset finance, by moving it to MFC.
Documents you will typically need
Having these documents on hand will make the process easier. MFC will confirm exactly what it needs when you apply:
- Valid South African ID.
- Recent proof of income, such as payslips or bank statements.
- Proof of residential address.
Highlights of MFC finance
- Quick application: the online application takes about 15 minutes.
- Free calculators: use the budget calculator to see what you can afford, and the instalment calculator to estimate your monthly repayments.
- Flexible terms: repayment periods of up to 96 months on vehicles, with optional balloon payments on eligible vehicles.
- Digital contract: sign your vehicle finance agreement online with My MFC Contract.
- Vehicle cover: add products to your finance agreement to help care for and maintain your vehicle.
The finance application process
Buying your car takes five steps: see what you can afford, find a vehicle, apply for finance, get cover, and digitally sign your agreement. All finance is subject to a full credit assessment.
Ways to get started
- Buying from a dealership: MFC finances your purchase through an accredited dealership.
- Buying from a private seller: MFC guides you through the purchase process.
- Move your finance: switch your existing asset finance to MFC.
If you're interested in vehicle finance information, click the link below to continue.
I'm interestedApproval is not guaranteed. Rates, fees and terms are confirmed by MFC when you finalise your application.