Carfin Loans Review
Easy to apply
Approval time
No hidden condition
Renewal rules
Service quality
Customer support
Borrower requirements
  • You must be 18+
  • Reside in the SA and have a valid ID
  • Provide proof of your income
  • Have an active checking account
  • Bank account
  • Credit or Debit card
Contact information
Phone number: 0861 227 346
Shedule Monday - Friday
08:00 - 18:00

With a range of affordable car finance options, Carfin is your one-stop shop when it comes to vehicle financing. They can also provide you with financial advice and support, so you’re sure to get the best deal for your needs.

Carfin offers two flexible car financing options, including the standard hire purchase (HP) and residual purchase (RP) agreements.

Flexible car financing options

If you’re looking for a vehicle to buy but don’t have enough cash to pay for it outright, car finance is an option that can help. But it’s important to understand that car finance can be expensive and isn’t suitable for all buyers.

In fact, it can be a big drain on your budget and affect your credit score in the long term. If you decide to take out a car finance contract, it’s a good idea to do your research and shop around for the best rates available.

It’s also a good idea to choose a longer-term finance period to lower your monthly payments. However, it’s important to remember that when the time comes to make the final payment, you will still owe the full amount of the loan.

For example, if you choose a 72-month finance period on a R250 000 car, your monthly payment will be around R4 950. But if you extend the duration of your loan to 96 months, you’ll only be required to pay around R4 130 every month.

Another way to reduce your monthly payments is to put down a deposit on the vehicle and take out a balloon or residual payment. While these can lower your monthly instalment, they will increase your total debt and you’ll need to be able to afford to pay it back at the end of the term.

You can also choose to take out a fixed interest rate rather than a variable one, which will give you peace of mind that your payments will stay the same throughout the contract. Variable rates, on the other hand, are linked to the «prime» lending rate in South Africa and can fluctuate from month to month.

Carfin loans in South Africa are flexible and can be customised to fit your budget and financial needs. Their team of experienced consultants can help you find the best financing options to suit your situation. Whether you’re looking for a personal car loan or business loan, they can provide you with the funding you need.

Loan parameters
  • Loan amount
    R1,000 – R100,000
  • Interest
  • Term
    6 – 60 months
  • Age
    18+ years

Easy to apply for

Carfin loans in South Africa are a great option for those looking to finance a new vehicle. They offer straightforward loan terms, including six, 12 and 24 months to repay the money.

They also have a handy personal loan calculator, which allows you to enter the amount of money you want to borrow and the period you need to repay it. This way, you can get an idea of how much your repayments will be in advance and ensure that you can afford it before applying.

If you’re considering a car refinance, you can use the same tools to make sure that you choose the best vehicle for your needs. They have a variety of different vehicle finance options available, which include standard hire purchase and residual purchase.

When you apply for a Carfin loan, they’ll run a credit check to determine your eligibility and let you know how much you qualify for. They’ll also let you know how long you have to pay back your loan, and what the interest rate will be.

The best thing about this loan is that it has no hidden fees, which is great news for those who are on a tight budget. They also have a flexible repayment plan, so you can adjust your payments as needed to keep up with your monthly bills.

You can also use this loan to consolidate debt, which is an excellent option for anyone who wants to lower their overall expenses. In addition, you can take advantage of their Responsible Borrower program and win your loan back every three months by making your repayments on time.

To request a car loan, all you have to do is fill out a simple online application form. Once they have verified your information and credit score, you’ll be given an answer within 24 hours.

They are a well-established lender, and their customers can count on them for fast, efficient service. They offer loans for a range of needs, from buying a car to starting a business. They also provide insurance.

To apply for a Capfin loan, all you need to do is complete their online application and submit your documents. They also have a customer support center where you can speak with a member of staff if you need to. They’re open from Monday to Friday from 8 am to 6 pm and on Saturday from 8 am to 1 pm; they are closed on Sundays.

No hidden fees

Carfin has a long history in the vehicle finance game and they are experts at sourcing and matching customers with the perfect deal. This is especially true in the new car loan space where they’ve forged strong relationships with the best financial providers in South Africa. Whether you’re looking to purchase a brand new or used vehicle, they can find the loan to fit your budget and get you on the road in no time.

Convenient pre-approval

When you apply for a car loan to Carfin, the lender will review your finances and then pre-approve you for a specific amount. This is a convenient way to determine how much you can afford and help you find a car within your budget. The process is quick and easy, taking just a few minutes of your time to complete. If you have a complicated financial situation, such as self-employment or past credit issues, it may take your loan officer a little more time to get you pre-approved for the right amount.

Your comment

Fast and Easy Loans Online
Fast and Easy Loans Online
Ready? Get it only in 5 minutes!


Chantal Sibanda
I ruined my credit history 10 years ago, and in the summer I urgently needed money for an operation. Relatives did not immediately have such an amount, it makes no sense to go to banks. Left an application online. And the very next day the money was in my account....
Mandisa Palmer
Quickly consider a loan application and transfer money to an account
Natalie du Toit
Loans are issued quickly if pressed and loans are not given at the bank. Simple and clear site. Convenient withdrawal of funds possibility of early repayment of the loan
Bruce Sibisi
Online loans have saved me several times and everything has been great. Like online filing and money comes the same day after approval.
Apply Now

Applying does NOT affect your credit score!

No credit check to apply.