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Car Finance Calculator

NCA-compliant SA car finance — true balloon cost, total cost of credit, and monthly breakdown.

R 450 000
R50kR2M
R 45,000 (10.0%)
R0R225k
None
R0R500k
13.75%

Prime 10.5% · Typical: prime + 2%

8%22%
60 months (5 years)
1272
None
0%30%
Capitalise initiation fee (R 1,208)

Fee added to loan — paid over the finance term

Credit life insurance

Covers outstanding balance if you die or become disabled

Include Service Plan in finance

Finance a service plan upfront instead of paying monthly

Include Warranty in finance

Finance an extended warranty upfront instead of paying monthly

Total Monthly Obligation

R 9,468

Instalment R 9,399 + admin R 69

Total incl. ownership costs: R 12,018/month

Monthly Cost Summary

Finance obligationR 9,468/month
Ownership costsR 2,550/month
Grand total monthly costR 12,018/month
Amount financedR 406,208
Monthly instalmentR 9,399
Admin feeR 69
Total monthly obligationR 9,468
Balloon due at end of termNone
Payoff dateMay 2031
Loan-to-value90.0%
Effective annual rate14.65%
✓

Reasonable total cost of credit

You will pay R 563,950 for a R 450,000 vehicle — a total cost ratio of 1.25x. This is within a reasonable range for SA car finance.

Results are estimates only. Rates current as at 28 May 2026. See full disclaimer →

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Apply directly with SA's two largest vehicle finance providers. One application each — takes under 5 minutes.

WesBank logoApply via WesBank →MFC logoApply via MFC (Nedbank) →

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About this calculator

What this calculator does

Calculates your monthly car finance repayment under the National Credit Act, the true total cost of credit including NCA initiation fees and service fees, and the hidden cost of balloon payments — showing you what a balloon payment actually costs in total interest.

How to interpret your results

The monthly repayment shown assumes you pay the balloon amount as a lump sum at the end of the term. If you cannot pay the balloon, you will need to refinance it, which increases your total cost further.

Assumptions applied

  • Interest rate is fixed for the full term. In practice, car finance rates in SA are usually fixed but negotiable at point of sale.
  • NCA initiation fee is calculated at the maximum permitted rate under the NCA (R1,207.50 + 10% of the amount above R10,000, capped at R11,500).
  • Monthly service fee is R69/month as permitted under the NCA.
  • No comprehensive insurance is included in the repayment shown.

What this calculator doesn't account for

  • Does not account for your credit profile or the rate your specific dealer or bank will offer.
  • Comprehensive insurance, which is typically required by the finance house, is not included.
  • Extended warranty and other add-on products are not modelled.
  • Residual value of the vehicle at end of term is not shown.