FREQUENTLY ASKED QUESTIONS

1) How does it work?

You can apply online for car refinance and we will we contact you if we need more info.

2) How much can I save?

It all depends how long you have been paying you car in most cases if you have been paying more than 19 months it could be up to 50% saving on your monthly premiums.

3) Will you be able to quote me?

Of course once you have filled in all the application forms and when Carfin business mangers have gotten all the relevant documentation.

4) What kind of doc’s would Carfin need?

Application form,copy id and drivers,3month bank statements,payslip and the settlement amount on your car.

5) Where will I get the settlement amount?

You an contact your bank where you’re a currently financed they will fax or email it to you.

6) How long does it take for approval?

If we have all the documentation needed it could be as quick as 2 hours.

7) Could Carfin assist me in getting a better insurance premium?

Sure Carfin has a insurance division that will requite you to see if we can offer a better saving.

8) Must I pay the new contract over the said period or can I make it shorter?

You can pay in more than the minimum installment which will automatically shorten your contract period saving interest.

9) Can businesses also apply?

Sure businesses are welcome to switch and refinance we would just require more info than with a personal application please feel free to call SSS callcentre 0861227346

10) What are the costs to all this?

Carfin charges an amount of R2500(vat incl) for all documentation,signing nationwide and registration costs. This amount will be included in finance amount and does not need to be paid in cash.

SWITCH

Switching your loan to a restructured refinance model will also allow us to alter you repayment as you would like it to be.

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SCORE

Carfin will give all our clients a two month payment holiday.This means that you will only pay in the third month after signing your SSS refinance contract.

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SAVE

The SSS refinance contract will save money buy not compromising your current lifestyle. How will this work is simple: we will refinance you current vehicle over a new term with the outstanding settlement as a new balance.

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