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Can I get a loan to buy a car?

  • There are two different ways to finance a car:
  1. A personal, unsecured loan
  2. A car loan, where the car is used as security against the loan 

  • You may get a lower interest rate on a car loan – but you may have to take out insurance for the car, and you could lose the car if you do not make the monthly repayments.

  • If you do not make the monthly repayments on a personal loan, the bank could take you to court to force you to sell your assets to pay back the loan.  

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Stay in the know

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.

Stay in the know

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.
All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024AfricaCompare Limited

Can I get a loan to buy a car?

  • There are two different ways to finance a car:
  1. A personal, unsecured loan
  2. A car loan, where the car is used as security against the loan 

  • You may get a lower interest rate on a car loan – but you may have to take out insurance for the car, and you could lose the car if you do not make the monthly repayments.

  • If you do not make the monthly repayments on a personal loan, the bank could take you to court to force you to sell your assets to pay back the loan.  

Stay in the know!

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.

Stay in the know

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.

Stay in the know

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.
All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024AfricaCompare Limited

Can I get a loan to buy a car?

  • There are two different ways to finance a car:
  1. A personal, unsecured loan
  2. A car loan, where the car is used as security against the loan 

  • You may get a lower interest rate on a car loan – but you may have to take out insurance for the car, and you could lose the car if you do not make the monthly repayments.

  • If you do not make the monthly repayments on a personal loan, the bank could take you to court to force you to sell your assets to pay back the loan.  

Stay in the know!

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.

Stay in the know

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.

Stay in the know

Sign up for our newsletter for the latest news on online loan offers.

By continuing, you agree to our Terms & Conditions and Privacy Policy.
All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024 AfricaCompare Limited
All rights reserved. © 2024AfricaCompare Limited