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 9 983,80
per month
Total Interest
R 1 396 111,73
Total Cost
R 2 396 111,73
Loan Summary
Loan Amortisation Chart
Results shown are estimates for financial planning purposes only and do not constitute financial advice, a credit quote, or an offer of credit. Rates depend on your credit profile and lender. CalcLoan is not a registered financial services provider. Please consult a qualified financial advisor or contact your bank directly before making financial decisions.
Car Loan Information
Vehicle finance in South Africa is typically offered over 48 to 72 months. New cars attract lower interest rates (around 10-13%) compared to used vehicles (13-18%). Most banks including FNB, ABSA, Standard Bank, Nedbank, and WesBank 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
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