Using a bank loan for car finance in Durban
When using bank loan for car finance in Durban, there are a number of factors to consider before you even start shopping for a car. The first step of your loan process is to work out a budget in order to determine how large a loan amount you can actually afford to repay. To calculate this, deduct all your usual living expenses from your income, then calculate the amount left over for a car loan repayments. Remember to include potential emergencies (about 10% of your salary) in the budget. To make things easier, we provide an easy loan calculator that will help you to determine your budget.