Find out what you can afford
Find an Accredited MFC dealer
Choose a Finance Option
Choose an option that suits you
Apply for Finance
Complete the MFC finance application form at the dealer or download from www.mfc.co.za and contact us on 0860 879 900.
Be sure to take the following documents with you to your dealership:
Copy of your ID
Copy of your drivers licence
Proof of income
Proof of residence, such as a utility bill (no older than two months)
You will need comprehensive insurance on the vehicle. Visit www.mfc.co.za
Sign the contract
Sign the contract and a release note confirming you are happy
Drive away with miles of smiles!
Balloon payment option
The balloon payment option offers the benefit of reduced monthly repayments, with a lump sum repayment (referred to as the balloon payment) at the end of the agreement period.
MFC offers you the flexibility to select from one of two rate options:
The Linked Rate Option provides you with the potential benefits of fluctuating interest rates. In the event that the interest rate increases during the agreement period, your interest rate and therefore your repayments will increase accordingly. The reverse also applies – if the interest rate decreases during the agreement period, you will benefit from lower corresponding repayments.
The fixed-rate option provides you with peace of mind in terms of fluctuating interest rates. In the event that the interest rate increases during the agreement period, your repayments will not be affected and your interest rate will remain the same. The reverse also applies – if the interest rate decreases during the agreement period, your instalment will still remain the same. You will not benefit from the lower rates.
For more information visit the Full MFC Website on www.mfc.co.za or call us on 0860 111 159 or discuss your finance needs with one of our approved dealers.