Rating based on 22 reviews

Car Mag

Updated

  • Low-interest starting from 27%
  • Repayment up to 60 months

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Car Mag homepage

Author Car Mag. Screenshot of Car Mag website. [Accessed November 16, 2020]

About Car Mag

Car Mag is one of the most seasoned businesses in its field.

Founded all the way back in 1957, their decades of experience make them a wellspring of automotive knowledge. Loan SA handles all vehicle loans that are applied for through Cardealer.co.za.

Loan SA was founded in 1999 and has grown exponentially since then. They provide one of the top online lending services on the market.

Car mag covers a variety of interesting and relevant topics. From reviews and current affairs to their blog, they go the extra mile to keep you informed.

They were created to be the leading authority on vehicles and this translates to the services they provide.

What Car Mag has on offer

Their magazine is a favorite of many car enthusiasts across the country. While continuing to provide informative content in their magazine, they eventually expanded to their website. There, they cover various interesting topics and even provide advice on their online platform.

These articles cover various tips and tricks, like what to look for when buying a used car, or how to get approved for a vehicle loan. This is where Car Mag’s partner steps in.

Car Mag’s partners

Car Mag is not a lender. However, they partner with Cardealer.co.za and Loan SA, who take care of the lending for them.

So when searching Car Mag’s site for advice on where to get a car loan, chances are you’ll find your way to Cardealer.co.za.

Loan SA is their financial services provider and handles all loans and vehicle funding. Car Mag partners with these companies to bring the most affordable loan options to you.

What Car Mag can offer you

Their loans usually have affordable repayments and interest rates, and they even cater to blacklisted clients.

With a fast, confidential, and secure service offered countrywide, they stand out dramatically from other online lenders.

What Loan SA offers

A vehicle loan with Loan SA couldn’t be simpler. The easy online application process takes only 5 minutes, and you'll have immediate access to the resulting decision. They offer vehicle loans of up to R150, 000, and you can repay these between 6 and 60 months. With options like this available, why would you lend from anyone else? They even offer their clients the chance to renew their loan or take a second one out.

This is only allowed after 3 successful repayments are made, however as responsible lenders, they require this to avoid getting you into any difficult financial situations. This makes paying on the right dates easy and improves your chances for future benefits with Loan SA.

What other services does Loan SA offer?

Loan SA offers a well-rounded and affordable service to its clients, 24/7. For a small monthly fee of R395, you gain access to their 4-in-1 service. This service is well sought-after and is made up of various useful services. You gain access to:

  • Their Q-Assist program - this gives you access to various referral services
  • Free loan finding service - better deals with a large panel of lenders
  • Credit reports - a quarterly credit report will be sent your way throughout the year
  • Legal advice - a team of legal specialists will be available to you at all times, 24 hours a day

This is just one of the useful services you’ll qualify for, aside from the loan service. You’ll also have 24-hour access to a helpful Loan SA representative. Loan SA staff are dedicated and friendly, always looking for a way to help you.

Car Mag Car finance

  • Loan Type Car finance
  • Interest Rate from 27%
  • Repayment 6 months to 60 months

Benefits of Car Mag

  • Finance for vehicle models 1999 - 2014 or later
  • Bad credit welcome apply
  • Application only takes 5 minutes to complete
  • Available countrywide
  • Fast, secure and confidential

Car finance calculator


R

The interest rate of a loan will vary based on your credit score and risk profile.

This loan calculator is for illustration purposes only.
The use of this Online loan calculator is subject to our terms of use.

Applying for Loan SA’s services

Loan SA has a simple application that only takes 5 minutes.

You’ll need to be a South African citizen to qualify, and you’ll need to supply Loan SA with a few documents and details.

Their service is comprehensive and easy, but also safe. Many online lenders can be unsafe to deal with, but Loan SA has proven time and again that they are a trustworthy company. They are discreet with your personal details and secure when it comes to any financial dealings.

What you’ll need to apply

You’ll need the following documents to apply for a loan with Loan SA:

  • An RSA ID
  • Proof of residence
  • Proof of salary
  • A valid bank account

Once you have these, there are a few more details Loan SA require. Things like your name, salary details, and the size of the loan you want. This is all kept private, Loan SA does not reveal your personal information to third parties.

Other noteworthy details

Loan SA is a responsible lender, and has to be careful who they lend to. They avoid lending to those who won’t be able to handle the loan repayments.

If you don’t have a stable salary or you have a poor repayment history, Loan SA will be more scrutinous of the loan procedure.

The maximum APR you will pay is 27%, although in many cases it is far lower. To find out what kind of vehicle loan you qualify for, check out Car Mag and their partners today.

Customer Reviews & Testimonials

May 2020

I’ve been reading Car Mag for years, so naturally, I turned to them and Loan SA when I needed a car loan.

Thinus vdM
— Cape Town —

February 2020

I trusted Loan SA when I needed a good car loan. I’m glad I did!

Karen Y
— Johannesburg —

July 2020

If I hadn’t been reading Car Mag, I’d never have gotten Loan SA’s amazing service.

Penellope L
— Nelspruit —

Car Mag Contact Details

Physical Address

  • 93 Mill Street, Strand Cape Town Western Cape 7139 South Africa
  • Get Directions

Opening Hours

  • not available