How the Nedfin Loan Calculator works

How the Nedfin Loan Calculator works

The Nedfin Loan Calculator is a service offered as part of Nedbank. As one of the four major banks in the country, Nedbank strives to provide its clients with quality services designed to create simple banking solutions. The bank aims to provide ordinary South Africans with banking solutions created to keep them satisfied and happy.

One of the product offerings provided by Nedbank includes vehicle and asset finance.

If you are looking to purchase a vehicle, it may be worthwhile to consider Nedbank’s private vehicle finance. Buying a vehicle is an exciting event and shouldn’t be marred by a lack of finance. If you can’t afford to buy a car by making an upfront cash payment, there are credit options available from financial institutions such as Nedbank. Vehicle finance is provided by the bank, to individuals who can afford to make repayments comfortably every month. This credit is granted to individuals based on individual affordability and credit standing.

The Nedfin Loans Calculator can help you estimate the amount you’ll be responsible for on a monthly basis.

While you may have an estimated figure of how much you need to be able to afford repayments on your car loan, the Nedfin Loans Calculator can provide you with an accurate figure. This will help you plan your finances accordingly and to work out how you can afford to make repayments at a comfortable pace.

To calculate your monthly car repayments:

  • Enter the purchase price
  • Enter the deposit amount of you have one
  • Enter the period of time you are willing to pay
  • An particular interest rate applies
  • Enter the balloon amount if applicable
  • Click on “Calculate” to work out how much you can expect to repay on a monthly basis, with interest included

An option of adding a lump sum is made available too.

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