MFC- providing simple motor finance solutions
A division of Nedbank, MFC is specialises in smooth, frictionless motor finance. Offering vehicle finance in 6 easy steps, MFC also facilitates safe, secure and hassle-free private vehicle sales. Opting for vehicle finance is something that many South Africans choose when they want to buy a car. The reality is that cars are quite expensive in South Africa and not everyone can afford to buy them using cash upfront.
Not only does vehicle finance provide a convenient solution for many people, but it also gives individuals a chance to get a more expensive car which they otherwise might not have been able to afford.
MFC finances both new and pre-owned vehicles, with a maximum of 72 months on deals. A deposit may be required and vehicle finance applicants get the option of having a linked (variable) interest rate or a fixed interest rate.
MFC car Finance options include:
Instalment agreement
This is where a vehicle can be purchased from the dealer or private seller but the bank owns the vehicle until you have finished paying it off.
Balloon Payment Option
This option makes vehicles more affordable.
The balloon payment is a lump sum that you still owe, after making repayments. Once you’ve made repayments, you will need to repay this amount in full or refinance it.
Rate Payment
You can choose between a fixed or variable interest rate.
- Credit checks will be done to establish your historical payment conduct.
- Know what you can afford. It’s important to consider insurance and registration costs. You can use the handy online calculators for this.
- Find a car. MFC dealers will personally assist you with your search.
- Apply for finance. As your dealer for the MFC finance application form. Documents you’ll require include a copy of your ID, copy of your drivers’ licence, proof of income and proof of residence.
- Get insurance. Make sure you arrange comprehensive insurance on the vehicle.
- Sign the contract. Sign a release note, confirming that you have taken delivery.
- Drive Away.
If you are planning a trip across the South African border, with your financed vehicle, keep in mind that you’ll need a border letter from MFC.

MFC car finance quotes
To contact MFC, call: 0860 879 900
Visit www.mfc.co.za
