Car Loan Calculator for South Africa
Calculate monthly car loan repayments and instalments for new and used vehicle financing from any South African bank or dealer.
What are your loan details?
What will your repayment be?
Monthly Repayment
R 6 933,91
per month
Total Interest
R 149 241,70
Total Cost
R 499 241,70
Loan Details
Loan Payment Schedule Chart
How much does this loan really cost you?
Estimated maximums under the National Credit Act — your actual lender's fees may be lower.
Advanced Analysis Tools
This is an estimate only, not financial or tax advice, and we are not a financial services provider (FSP). Your actual figures depend on your lender or provider, and your personal circumstances. Results do not constitute a credit quote or an offer of credit — please consult a qualified financial advisor or contact your bank directly before making financial decisions.
How do these repayment numbers break down?
Total interest paid by term
What should you know about a car loan?
Vehicle finance in South Africa is typically offered over 48 to 72 months. New cars attract lower interest rates (around 12-14%) compared to used vehicles (around 15.5%–17%). Most major SA banks and vehicle finance providers offer vehicle asset finance (VAF). A deposit of 10-20% can significantly reduce your monthly instalment and total interest paid. Use our calculator to compare different terms and see what car you can afford.
What can this calculator work out?
- New car loan calculations
- Used vehicle financing
- Car instalment calculator
- Vehicle finance interest rate comparison
- Balloon payment analysis
What's next?
Dig deeper into this result with our free financial tools
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