Rating based on 90 reviews

Nedbank Vehicle Finance

  • Vehicle finance up to R200,000
  • Low-interest starting from 7.25%
  • Repayment up to 60 months

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Nedbank homepage
Author Nedbank. Screenshot of Nedbank website.
[Accessed January 30, 2023]

Nedbank Car Finance – Easy credit solutions

Nedbank can provide you with great vehicle finance and amazing services.

They are known for their advanced and comprehensive banking and lending services, as well as their excellent performance and commitment to their customers. They have all the solutions you need from bank accounts to vehicle finance.

It is their mission to create valuable and delightful experiences for their clients and to make sure that it exceeds their expectations.

Why you need vehicle finance

Most people will be unable to pay for their dream car upfront in cash. Vehicle finance simply means a company lends you the money to buy a car.

Basically, you are paying for your new car in monthly instalments instead of paying a big once-off amount. How much finance you can take out will depend on your unique circumstances, the upfront deposit, and your credit score.

Efficient staff and excellent service

They have some of the most capable and experienced staff in South Africa, and they can offer you great rates and terms when you sign up with them.

Their staff is professional and efficient and will give you the highest quality advice and help with the in-branch or online loan process. To remain one of the most beloved leaders in the finance industry is what they are striving for.

You get great rates & flexible terms with Nedbank

As one of the well-known banks, Nedbank is very active in sponsorship marketing with a strong social focus.

The goal is to achieve an effective brand strategy, broader appeal, community involvement, and wider networking.

What’s in it for you

Nedbank offers finance that ranges up to R200,000, and they also offer loans for cars that are as old as 20 years.

You can simply apply for a loan online or visit one of their many branches all over the country if you want a more personal approach. All you need is a stable income to be eligible to apply for a car loan.

Flexible repayment terms

Nedbank has flexible payments on offer, and you can choose the length of your term from 3 to 5 years. With shorter terms, you can save on interest, while longer terms will help you stretch your budget during your repayment period.

The budget calculator

The first step when you buy a car is to find out what suits your budget. Enter your monthly income after taxes on the calculator and subtract your monthly expenses and add additional expenses, if necessary. The remaining balance is an estimate of what you can possibly put toward your monthly finance payment.

Nedbank – Vehicle finance

  • Loan Type Vehicle finance
  • Interest Rate from 7.25%
  • Loan Amount up to R200,000
  • Repayment 12 months to 60 months

Benefits of Nedbank

  • No deposit car finance
  • Leading vehicle finance

Vehicle finance calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This vehicle finance calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Nedbank Vehicle Finance – Your ticket to car ownership

The application process is designed to be quick and easy. They will ensure that they get all the information required to process your application as fast as possible.

Vehicle finance is available without a deposit, and you don’t need a savings account to buy a car, although they require you to have a good credit history. 

Criteria to apply

  • A credit check will be done to make sure you can afford the repayments.
  • South African ID.
  • A utility bill or proof of address.
  • Bank statements or payslips for proof of income.
  • You need to be employed full-time or self-employed and earn a stable income.

Documents that are needed for application:

  • A copy of the front and back of your valid South African identity card/document.
  • A copy of the front and back of your driving licence.
  • Proof of address registered in your name not older than 3 months.
  • Latest 3 months' stamped bank statements.

 Follow these easy steps to apply for vehicle finance

  1. On the online loan application form fill in your personal details and attach the documents that are required
  2. They will process your information and supply you with a list of trusted dealers.
  3. If your application is approved, the finance funds will be available.
  4. Your vehicle will be delivered.

Benefits Nedbank has to offer when you partner up with them

  • Easy and safe online application.
  • Loans up to R200,000.
  • Funds can be deposited directly into your bank account.
  • Passionate staff that is always ready to go the extra mile.
  • A simplified and transparent approach.
man holding thumbs up

Nedbank is a trusted & reliable provider of vehicle finance

In our review, Nedbank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Nedbank is a registered credit provider in South Africa: NCRCP 16

Customer Reviews & Testimonials

March 2019

Nedbank helped me buy a fleet of new vehicles when I opened my courier company. They financed the entire fleet and gave me a great deal on repaying the loan over an easy instalment plan. I was ab...

Shingie M
— Cape Town —

October 2021

I found the car I was looking for and was able to pay for it easily. After securing my car loan they helped me get insurance and helped me customize a payment schedule to make repayments. NedBank...

Moodley l
— Durban —

November 2021

I am very impressed with the service that NedBank had to offer me. Their staff answered all the questions I had and gave me the advice needed to make an informed decision.

Marambana B
— Port Elizabeth —

December 2021

I was very impressed with your website’s security levels and features. The fact that you use Prevx gave me the comfort I needed. Thank you for the best finance ever.

Le Roux S
— Bloemfontein —

Nedbank Contact

Physical Address

  • Cnr Rivonia Rd & Maude St Shop L05, Block I Lower Ground, Sandown Sandton Gauteng 2196 South Africa
  • Get Directions

Nedbank Universal Branch Code

  • 198765

Opening Hours

  • Monday 08:30 – 16:00
  • Tuesday 09:00 – 16:00
  • Wednesday 09:00 – 16:00
  • Thursday 09:00 – 16:00
  • Friday 08:30 – 16:00
  • Saturday 08:30 – 12:00
  • Sunday – Closed