Drive your dream car today from as little as 0% deposit or enjoy reduced monthly instalments with a lump sum of up to 30% repayment at the end of the loan period, known as residual finance.

Absa vehicle and asset finance offers

  • Residual financing for up to 30%
  • Get up to 100% financing
  • Financing from P75, 000
  • Repayment period of up to 72 months
  • Used vehicles are financed up to 60 months (varies depending on the age of the vehicle)
  • Quick approvals within 24 hours (subject to meeting all requirements)
  • Competitive interest rates linked to the Absa Prime Lending Rate
Tailor made insurance solutions
  • Credit life insurance covers death and permanent disability. If the death is caused by an accident, an additional benefit of P30 000 will be payable to beneficiaries.
  • Competitive motor insurance protects you against accidental loss or damage to your vehicle (theft, hijacking, windscreen damage, liability to third parties, collision, malicious or accidental damage, fire and explosion, hail and storm)
  • Retrenchment cover against loss of income caused by retrenchment, insurance will pay loan installments for up to 12 months

 

  • Documents required

    Basic Loan Application Requirements
    • Valid Omang
    • For non – citizens; passport, valid work and residence permit
    • Most recent and current payslip
    • Completed application form
    • Salary account with Absa Bank or three months bank statements from your current bank
    • Confirmation of employment
    • Confirmation of physical address
    • Copy of your contract if you are employed on a contract basis
    • Marriage certificate if you are married, and spousal consent if married in community of property and Form B
    • Form A if you are married out of community of property
    • Credit Life is compulsory
    • Balances of all loans and credit cards
    Additional requirements for Absa Vehicle Asset Finance
    • Valid driver’s license
    • Quotation from an authorised dealer
    For loans with deposit
    • 10% deposit is required on new vehicles and
    • 15-25% on used vehicles (depending on the age of the vehicle)
    Used vehicles applications should be supported by
    • Roadworthiness certificate
    • Valuation report (authorised dealer)
    • Copy of registration document

     

Need more help?

Call us on:
+2673159575 (Contact centre)
0800 600 444 (BTC Toll Free)
150 (Mascom Toll Free)

Email us:
Botswana.CustomerService@absa.africa