Nedbank Instalment Calculator
This calculator lets you work out your monthly instalment based on the vehicle price, the deposit you can afford to put down and a preferred repayment period. Calculations provided are guidelines only.
Using this calculator helps you find out what you can afford. Enter your monthly income after taxes and subtract your monthly expenses. The remaining balance is an estimate of what you can possibly put toward the monthly motor finance payment.
The vehicle price is calculated on a default rate of Prime + 3% over 60 months with no deposit and no balloon payment.
It’s important to budget/allow for the cost of comprehensive motor insurance on the vehicle you wish to finance.
With Nedbank Vehicle Finance you have the option to buy your car from an MFC-approved dealer or from a private seller.
Why use the Nedbank Vehicle Finance Calculator?
By using a vehicle finance calculator you have a clear idea of how much you have to spend to repay the loan.
Car Finance options offered through Nedbank Vehicle Finance:
Instalment Sale Agreement– You pay for your vehicle by instalments over an agreed period. A deposit may be requested, but is not legally required.
Balloon Payment Option– this is a large, lump-sum payment made at the end of a long-term loan. It is commonly used in car finance loans as a way of reducing monthly repayment figures.
Rate Payment Option
Buying a car often involves a number of costs, so using the Nedbank Vehicle Finance Calculator can simplify the process. You will be able to get a clear breakdown of the costs involved as well as how long it will take for you to repay the loan.
For more information about the Nedbank Vehicle Finance Calculator, visit www.nedbank.co.za or call 0860 555 111.