Credit Application

These calculations exclude any on the road / service and delivery / insurance / bank initiation / admin fees / additional vehicle accessories and any other value added products, unless otherwise stated.

Kilokor Motors provides these calculations for your convenience and provide results based on assumptions and it should not be used for any other purpose. Kilokor Motors accepts no responsibility for any loss or damage whatsoever nature that may be caused or brought about, directly or indirectly, by the use of our calculations. These calculations are intended only to provide guidelines and are subject to confirmation at the time of finalizing any transactions. Figures generated by he calculations shall not be binding by any financial institution. The information provided should not be treated as professional advice of any kind.

Figures are not applicable on Rent-to-Own deals.


LIST OF REQUIREMENTS

PERSONAL CAPACITY
  1. ID - South African resident ID number
    or
    Foreign national supply passport number and country
  2. If married in community of property, your spouse's ID or passport number
  3. Drivers license card - scan
  4. Proof of address (not older than 3 months), water and lights, cell phone contract, lease agreement if renting
  5. Latest payslip
  6. Bank certified statements for the past 3 months as of todays date
BUSINESS APPLICATION
  1. Certificate of incorporation for both (Pty) Ltd. and CC
  2. Proof of business address (not older than 3 months)
  3. Audited financial statements
  4. All members/directors must fill out the finance application form
  5. All members/directors supply ID, drivers license and proof of address
  6. Bank certified statements for the past 3 months as of todays date

HOW TO PROCEED

Steps you need to complete
  1. Click the download application button
  2. Save and fill out the form on your computer
    or
    Print and fill out the form by hand, then scan the completed form
  3. Make copies digital or physical of all REQUIREMENTS listed above
Submitting the paper work
  • Email all digital copies as attachments
  • Alternatively phone us on 011 673 6770/1 and one of our customer focused staff will assist you
South African Credit Regulations

The National Credit Act

The National Credit Act was signed into law by the South African President on 15 March 2005, and governs the assessment, application and maintenance of credit granted by a credit provider to a consumer within the Republic of South Africa.

The objective of the NCA

Level the playing fields amongst all credit providers especially & including:

  • the manner in which credit is granted
  • how consumers are treated when applying for credit
  • the ongoing relationship between the credit provider and their client
  • to limit over-indebtedness by placing the responsibility on the credit providers to ensure that they do not grant credit recklessly.

What are your rights as a consumer?

  • all information presented to you must be in plain and understandable language
  • you are entitled to apply for credit (note: a credit provider can decline your application)
  • you are are protected against discrimination in respect of the granting of credit
  • if the credit you applied for is refused, reasons must be provided
  • receive all relevant documents pertaining to the credit agreement
  • protect your consumer rights