Payments via EFT (Electronic Funds Transfer) When making an EFT payment via your internet banking website, select ‘MFC, a division of Nedbank’ on the bank approved beneficiary list. You must then capture your 11 digit MFC vehicle finance account number as the beneficiary reference before making the payment.

What is MFC online self-service account management service? It’s a free service that gives you secure online self-service access to update your personal and account payment information as well as access to your personal and vehicle documentation, including latest statements, settlement figures and e-statements.

Yes, it is possible to switch your car loan, but it is very uncommon. This is mainly because it is very unlikely that the client will get a better rate at another institution and refinancing the car loan will in all likelihood extend the repayment period and therefore attract a lot more interest.

If you can’t honour your debt repayment plan by falling short on your payments or not paying them at all, your credit providers will start taking legal action. You are afforded the opportunity to pay a negotiated, affordable amount every month which guards you against legal action and repossessions.

Microsoft Foundation Class Library (MFC) is a C++ object-oriented library for developing desktop applications for Windows. MFC was introduced by Microsoft in 1992 and quickly gained widespread use. While Microsoft has introduced alternative application frameworks since then, MFC remains widely used.

Car Loan Transfer Process

1. Check your Loan Agreement.
2. Finding a Suitable New Borrower.
3. Checking the Borrower’s Credibility.
4. Checking Car Dealerships.
5. Transferring the Car Registration.
6. Insurance Requirements.
7. Submitting Documents.
8. Fees and Charges.

Request a Balance

1. SMS B (for Balance) and your ID number to 31795.
2. My Account in my hands™ will verify your ID number, ensure your cellphone number matches the information on record, and SMS your outstanding balance, your monthly payment and next payment due date to your phone.

The percentage annual interest rate applicable to the transaction. The rate can be fixed or linked to the prime interest rate. The default rate is set at Prime +3% % Interest must be between 1% and 35% Repayment period.

three years
South Africa has different laws which specify prescription periods, for example, the Prescription Act says that contractual and delictual debts extinguish after three years from the date when it became payable (due). Prescription periods may, in certain circumstances, be delayed or interrupted.

International Transfers There are many ways to transfer money abroad You can ‘do it yourself’ quickly via MCB Internet Banking or visit any MCB branch with the beneficiary’s name and bank details. Easy to send and receive

The bank details required for making an international money transfer depends on where you are sending funds. Once you book a transfer via the CurrencyTransfer.com marketplace, ensure you have the complete set of bank account details (e.g. IBAN, ABA, SWIFT/BIC) in order to allocate recipients to your transfers.

MFC vehicle finance account number e.g. 12345670001 Payments via EFT (Electronic Funds Transfer) When making an EFT payment via your internet banking website, select ‘MFC, a division of Nedbank’ on the bank approved beneficiary list.

In order to make an international bank transfer, you will need the following details: Send Money to Europe – IBAN and SWIFT Number Send Money to Canada – SWIFT and Transit code Send Money to Australia – SWIFT or BSB code