JOHANNESBURG: A lack of credit history is no longer an obstacle to securing vehicle financing for graduates, following the launch of WesBank’s new financing product.
WesBank said it offers competitive interest rates to graduates, tailor-made packages from its partners on selected car models, as well as customised and affordable insurance.
The entire application process can be accessed and fulfilled online, from start to finish.
Ghana Msibi, Executive Head of WesBank Sales and Marketing, said they want to empower graduates with the mobility they need.
“We acknowledge and respect the time and effort young professionals put into their education and that building a credit profile was not a priority in this period. Graduate Finance is our way of offering young professionals a head start towards building a credit record in a responsible way.”
WesBank Graduate Finance is designed for graduates who:
- Have a university degree, three-year diploma or NQF 6 qualification
- Have graduated within the past three years
- Are under the age of 31
- Can provide proof of employment
- Hold a valid driver’s licence
- Are an SA citizen or permanent resident