Using an online bank loan for car finance in South Africa
Consumers with a poor credit history are seen by conventional finance lenders a risky investment in South Africa, because they supposedly have a higher risk of defaulting on their loan repayments. For those with poor credit in South Africa, qualifying for low-interest vehicle financing is difficult, if not impossible. However, many alternative online companies advocate using an online bank loan for car finance in South Africa. In this way lenders are able to overlook a consumer’s credit history, and may charge slightly higher interest rates. All you need to apply for bank loan car finance with us is proof that you can afford to repay the loan.