Personal Loans

A Personal Loan gives you more financial freedom. You use our loan money to finance the vehicle of your choice and so keep your own funds free for other purposes.

A personal Loan is an ideal way to enjoy your vehicle. By selecting the contract term (from 24 to 60 months) you can tailor your monthly repayment to suit your budget.

The motor vehicle is the only security needed, although in some circumstances, a guarantee may also be required. During the period of the contract it  makes budgeting easier, as all payments are fixed.

You can elect to have a balloon (final instalment) on the contract, or you can choose a contract without a balloon, and therefore enjoy full ownership of your vehicle at contract end.

A Personal Loan is suitable when you use your vehicle wholly or predominantly for private purposes. This means that the vehicle is used privately for more than 50% of the time. Where you can demonstrate some business use, you may be able to claim a tax deduction for that portion. For your added convenience,you can organise computer direct debiting of your monthly repayment from your nominated account.

Simply select the vehicle that best suits your needs, and then talk with to the Finance and Insurance manager at your chosen car dealership.

The Finance Manager with help you work out the appropriate loan period and monthly payment that best fits your lifestyle. You also have the option of including the on-road charges in the finance contract if you wish.

Most car dealerships offer personal loans on any new or used vehicle when the vehicle will be used wholly or predominantly for personal, household or domestic purposes.

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