MFC car finance for bad credit

Staff Writer

Updated on:

MFC car finance

If you are looking for a car you will know that it can be such a headache to get motor vehicle finance granted to you especially when you are blacklisted. Looking from one bank to the other only to be left rejected can be very frustrating and disheartening. MFC Car Finance is here to rescue you from your financial woes and get you behind that wheel you’ve been dying to drive. Living in South Africa without a car can be a complete nightmare; standing in long queues of the disorganized public transportation system only to get to work late will give you grey hairs before time. A car is a must have when you are working and can afford it.

About MFC car finance for bad credit

MFC Car Finance is a division of Nedbank. The company is proud to be in the service of offering their clients smooth and frictionless motor finance. With this great company you can also enjoy secure and hassle free private sales on vehicles. Vehicle finance is something that most South African’s opt for when buying a car because cars are expensive in South Africa and not many are in the position to buy a vehicle in cash. Vehicle finance is therefore the best and convenient option to purchase a vehicle and the opportunity to purchase an expensive vehicle is very much possible through vehicle finance.

The great thing about MFC Car Finance is that you can get car finance based on your affordability and not based on your credit score. So even if your credit is not looking so great and you have been blacklisted you can definitely apply for vehicle finance with this company and be well on your way towards driving a car. You can get a brand new car or a pre-owned car through this great company with a maximum of 72 months to pay. At times you may be required to put down a deposit depending on the arrangement of a particular vehicle and you can either pay for your instalment with a linked interest rate or a fixed interest rate.

MFC car finance for bad credit services

Instalment Agreement

As the buyer you can buy the vehicle from a dealership or an individual however; the vehicle will belong to the bank until you have paid it off.

Balloon Payment

With this option you are guaranteed that the vehicle will be much more affordable. After your repayments are complete you will still owe a lump sum and you will need to pay the amount in full or have it refinanced.

Rate Payment

This is where you get to choose between a variable rate and a fixed rate.

Remember that when applying for car finance you will need to provide the following documentation:

  • South African ID
  • Proof of residence
  • Recent payslip
  • 3 months bank statement
  • Be 18 years of age or above
  • Be employed by the same employer for 3 months or more
  • Be in the possession of a South African bank account

Now you can get that car that you need and enjoy being mobile, independent and getting to work on time. Apply today!

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