Vehicle Loans

Apply for a Isilinganiso Personal Loan from R10 000 up to R1 000 000, with rates from as low as 5.0%*

We have a quick loan process

At Flex Finance Loans, we offer a fast and hassle-free loan application process designed to get you the funds you need, when you need them most. Whether you’re looking for a personal loan to cover unexpected expenses, finance a big purchase, or consolidate debt, our streamlined process ensures quick approval. Apply now, and you could be approved in no time, with funds available in your account sooner than you think. Don’t wait—secure your financial freedom today!”

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Years of service

 

Vehicle loans are a type of financing specifically designed to help individuals or businesses purchase a car, truck, or other types of vehicles. These loans are usually secured, meaning the vehicle itself serves as collateral for the lender. This gives the lender the right to repossess the vehicle if the borrower fails to make the required payments. Borrowers typically make a down payment, and the remaining cost of the vehicle is financed through the loan, which is repaid in fixed monthly installments over a set period, usually ranging from 3 to 7 years.

When a vehicle loan is approved, the borrower receives the funds to buy the vehicle and agrees to repay the loan, which includes both the principal amount and interest. Interest rates can be fixed or variable, with fixed rates offering consistent monthly payments and variable rates subject to change over time based on market conditions. The loan terms, including the interest rate and repayment schedule, are influenced by factors such as the borrower’s credit score, income, and the age and condition of the vehicle. Newer vehicles tend to have better financing options compared to used ones.