Good news! The prime lending rate has gone down to 10.75%. If your car finance has a linked (variable) interest rate, you'll enjoy lower instalments from your next payment (if it’s due in more than 15 days). Fixed interest rate? No change. Learn more: https://t.co/1x4dTrtxIc

If you have a vehicle finance agreement with a linked (variable) interest rate, your monthly payments could decrease following the recent cut in the repo rate, which influences the prime lending rate. Learn more about linked interest rates here: https://t.co/1AZ2m7yF5b

The prime lending rate will stay the same at 11.75%, so car finance agreements with a linked interest rate will not be affected this time and your instalment will not change. (Fixed interest rate? Your payments stay the same anyway)

Choosing a fixed or linked/variable interest rate for your car finance can make a big difference in the future! Ask us anything about how this works! #AskUsAnything #WesBank

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The repo rate is staying the same, so the prime lending rate will remain at 11.75%. This means that car finance agreements with a linked interest rate will not be affected this time and your instalment will stay the same. Fixed interest rate? Your payments don't change anyway.

The repo rate hike means that the prime lending rate has gone up & this will affect your car payments if your finance agreement has a linked (variable) interest rate. If you have a fixed interest rate, your instalment will stay the same. Find out more: https://t.co/IAoUo5KPDD

If you've a linked interest rate, your instalment is affected every time there's a change in the prime lending rate, which is dictated by the repo rate. The increase means your car finance instalment will also go up. (Fixed interest rate? Your payments won't change) #RepoRate

If you have a vehicle finance agreement with a linked (variable) interest rate, then your monthly payments will go up following the increase in the repo rate, which dictates the prime lending rate. Find out more about linked interest rates here: https://t.co/n2uYurSHEU

BAD NEWS: We’re experiencing high volumes of support enquiries & it’s causing delays in our response times. Apologies! We know this is frustrating. GOOD NEWS: many requests can be fulfilled without delay online, please visit https://t.co/T8LdUtK0Ei

If you’ve financed a car with a variable (linked) interest rate, then your instalment amount changes with any increase or decrease to the prime lending rate, which is dictated by the repo rate. This latest interest rate hike means that your car finance instalment will be going up

Will the latest prime lending rate hike affect your car finance payments? Take a look at the impact the 0.75% increase has on people with a linked / variable interest rate. (If you have a fixed interest rate you won't be affected & your monthly payments will remain the same.)

If your finance agreement has a variable interest rate, then your instalment amount will increase or decrease according to changes in the prime interest rate, which is dictated by the repo rate. So the recent repo rate change will mean your monthly payments will also be going up.

If you need to take care of admin on your car finance account, there’s an easier way than phoning our call centre. To check your balance, download statements, get settlement quote or request a copy of your NaTIS document, use the WesBank app or click here: https://t.co/T8LdUu1C2S

We apologise for long holding times due to high call volumes at the moment. Please contact us on Twitter by sending a DM to @WesBank_Support or logging into your account on https://t.co/XRZa8NK3gG

If your finance agreement has a linked/variable interest rate, be aware that it will be affected by the increase in the prime lending rate. Find out more about linked/variable interest agreements here:

So you're in the middle of something when you realise you need your car's tax certificate for filing your return… use the WesBank app. Click to learn more.

If you’re crossing the border and your car is still financed by WesBank, you will need a border letter. So make sure to request one online, as well as downloading a copy of your NaTIS document. Click here for more:

So you've got a few minutes to check your amortisation schedule... use the WesBank app. Learn more:

🔊 🔊 Driving out of SA this holiday in your WesBank financed car? Use the WesBank app to request a border letter. Find out more about the WesBank app: