Apply for a loan online
Refinancing essentially means replacing your old car loan with a new car loan, in order to revise your debt repayment schedule.Your credit profile will be reviewed when you apply, as a way to determine whether you’ll be able to repay the loan or not as well as to determine your payment behaviour.
Apply for a loan online
When you apply for another loan to repay your old debt this is known as refinancing.
Qualifying criteria
- Be at least 18 years old
- Be a South African citizen or permanent resident
- Have a valid driving licence
- Have a clear credit record
- Earn at least R 6250 per month
For more information about how to refinance your car through Wesbank, visit www.wesbank.co.za
