Using an online bank loan for car finance in Durban

Using an online bank loan for car finance in Durban

Using an online bank loan for car finance in Durban

The damaging economic crisis of the past decade has left many Durban consumers with a poor credit record, which has affected their ability to access essential vehicle financing when the need it most. Banks and other prime lenders are reluctant to finance these high-risk consumers, in the event that they do not honour their loan repayment terms. However, online lenders are willing to overlook consumer credit history, as they use another qualifier for loan evaluation and charge slightly higher interest rates to secure the loan. In this way, consumers are able to an online bank loan for car finance in Durban.