Frequently asked questions

Who are we?

Specialized Bicycle Finance is brought to you by Specialized Bicycles South Africa, in partnership with Yonda, SA's leading bicycle finance broker, and WesBank, SA's leading leisure finance provider.

Why borrow through Yonda?

Yonda is the market leader in Oudoor Finance in South Africa with a network of 180 accredited dealers nationwide, intense knowledge of the products we finance and offering the lowest interest rates.

With over 40 years' experience in the industry, our finance partners, WesBank are the leading Leisure Finance providers.

How much will I pay?

Everyone is different. You will go through the normal application and scoring process for a loan. Rates depend on your credit worthiness. Rates start from 11%. Rates are fixed, I.E. you will pay the same interest rate for the duration of your loan.

Do I need to pay a deposit?

Yes there is normally a 10% deposit payable on New assets. Used assets normally dont attract a deposit.

Can I settle early?

Yes, and there is no penalty for additional payments or early settlement.

How long can I finance this for?

It’s your decision: 12, 24, 36 or 48 months. Choose what suits your budget best.

Ok this looks good. How do I get the ball rolling?

Fill in the Apply section in this website above to start the process.

How long does this take?

Pre-approvals are done in less than 5 minutes, during office hours. You will receice an email with further instructions thereafter. From there it's up to you and how fast you can get us the docs we need. From our side we can do a deal in a day, however, average deal time is 3 to 5 days though.

Are there any additional fees?

There will be an Initiation and Service fee added onto your deal, which can be financed along with your asset. These will be clearly laid out in the finance quote you will receive if your deal is approved. These fees are: 1. Wesbank Finance Initiation fee of R1207,50 incl. 2. Yonda service fee of R2200 incl. Our service fee covers admin, processing, FICA verification and managing the delivery of the item. As an example, using our average price, term and interest rate, these fees add R73 to your monthly repayment.

Is there a minimum or maximum price?

Yes, you can finance anything from R20 000 to R100 000, after your deposit. IE, a R150 000 bike with a R50 000 deposit is fine.