Ithala Vehicle Finance- reliable assistance for securing vehicle finance
Launched in 2002, Ithala Limited is a subsidiary of Ithala Development Finance Corporation Limited (IDFC.) Initially its main focus was to offer insurance products for individuals and businesses around Kwa-Zulu Natal. Today the institution has 52 branches in South Africa’s most populous province as well as 450 staff members.
Ithala Vehicle Finance has been especially developed to assist in addressing the financial needs of people throughout KwaZulu-Natal.
Ithala is a financial institution that prides itself on “Making it Happen Together.” Its services are provided with the aim of meeting specific client needs while ensuring that clients are kept satisfied and are always informed of the most ideal solutions for their needs.
To secure vehicle finance from Ithala, you are required to open an Ithala Transaction Account.
Insurance cover is also provided to assist you in covering the cost of your vehicle finance loan in the event of death, dreaded disease or temporary disability.
What are the benefits of choosing Ithala Vehicle Finance?
- Low deposit requirement
- Seamless application process
- Quick Approval
- Reliable Service
- Affordable interest rate
- Valid South African ID
- Latest payslip
- Latest 3 months’ bank statement
- Proof of address
In South Africa, the vehicle finance term ranges from 12 to 72 months. You need to choose a term that will suit your budget and affordability.
You can choose a fixed or variable interest rate. Each option has its own merits, which you need to weigh before signing the contract.
There are various vehicle finance options. One of the most popular is with a balloon payment option at the end of the loan term. 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.
It may be worth considering a down payment if you want to lower your overall repayment.
To contact Ithala, call: 031 907 8911 or send an email to email@example.com