WesBank Graduate Finance

Accessible car finance for graduates. Credit history not essential.

To qualify, you need to be under 31, and:

1
Have a degree/higher diploma
obtained in the last 3 years
2
Proof of employment
minimum salary: R6250
3
Have the affordability
to enter into a finance agreement

Explore your car buying options

You can get a new car, credit history not essential

Work out your affordability
There's more than the car's instalments to consider.
Monthly repayments
Insurance
Running costs
Paid Over
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SUBMIT
Deposit Amount
required deposit you need to pay in.
SUBMIT
Interest rate
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Balloon Payment
balloon amount allowed.
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Have you considered the cost of insurance?

You need insurance for your car before your finance agreement can be finalised. Your monthly insurance premium depends mostly on your risk profile and your car's value.

Reduce your monthly car expenses with up to 40% off Gradsure's tailor-made graduate car cover.


What will it cost to drive your car?

The cost of driving a car depends on how hard and how far you drive it. Here's what you need to consider:

  • Fuel costs
  • Toll fees
  • Servicing costs
  • Maintenance costs (including repairs)

New cars often come with service/maintenance plans that make life easier

FAQs
  • What documents do I need to submit with my application?

    • Proof of Address not older than 3 months
    • A copy of your ID
    • A copy of your driver's license
    If you have a job offer but haven't started working yet:
    • a signed employment contract.
    If you started working less than 3 months ago:
    • a signed employment contract and a recent payslip.
    If you've been working for more than 3 months:
    • a recent payslip and 3-month's bank statements.

  • Do I need a deposit?

    No, a deposit is not a must. But it's a good idea to put one down if you can

  • What's the maximum amount I can get finance for?

    • The maximum amount depends on your affordability.
    • We determine your affordability in line with the National Credit Act (NCA)
    • You can use the affordability calculator to work out estimated instalments on a given purchase price

  • What's the minimum period of time I can finance my car over?

    Our minimum payment term is 6 months.

  • What's the maximum period of time I can finance my car over?

    Our maximum payment term is 72 months (6 years)

  • What happens after I complete the finance application form?

    • We'll immediately tell you whether or not you've been approved for finance
    • If your finance application is approved, we'll contact within 24 hours to finalise everything