Refinancing lets you restructure an existing vehicle/asset loan (to ease your monthly instalment) or use a paid-up asset to unlock cash,without selling it. Below is a plain-English guide to when it makes sense, how it works, and what to expect.
What is refinancing?
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Reduce my instalment: Replace your current loan with a new one (often at a sharper rate and/or a longer term).
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Unlock value from a paid-up asset: Use a fully paid vehicle or selected asset as security and receive a cash-out paid to you.
You keep the asset; you just change the finance behind it.
When it helps
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You want breathing room in your monthly budget.
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You prefer predictable payments (and to keep your savings intact).
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You own a paid-up vehicle/asset and want to access cash without selling.
Compliance note: deals are credit-profile and asset dependent. We’ll confirm eligibility, LTV (loan-to-value) and costs for your exact case. Finance subject to credit approval.
The process (fast & simple)
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Quick pre-assessment – Share basic details about you and the asset.
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Pre-approval – We confirm indicative terms (rate/term/estimated instalment).
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Valuation / documents – We validate asset value and complete KYC/affordability.
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Final approval & contracts – Sign digitally or in branch (as required).
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Payout / settlement – We settle your old loan or pay out your cash; you keep the asset.
Docs you’ll likely need: SA ID & driver’s licence, latest payslips, 3 months bank statements (6 for self-employed), proof of address, and basic asset docs (NaTIS/logbook, settlement letter if applicable).
What can I refinance?
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Vehicles: cars, bakkies, vans, selected commercial units.
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Selected assets: (case-dependent) trucks, trailers, yellow metal/plant, some equipment.
We’ll tell you quickly what’s eligible and on what terms.
FAQs (short & useful)
Do I need a deposit? Not usually.
Do I keep my car/asset? Yes.
Is comprehensive insurance required? Typically yes.
Can you settle my current bank and handle NaTIS? Yes—standard process.
How fast is this? Often within 24–72 hours once all docs/valuation are in.
Ready to explore your options?
Tell us whether you want lower monthly payments or to unlock value from a paid-up asset—we’ll map the best route, fast.
Start the conversation: Bonnita Fourie on +27828751207 | https://typecard.com/dfafe1dd
Auth. FSP34936
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