Question 1

Who are we?

Accepted Answer

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

Question 2

How long does this take?

Accepted Answer

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.

Question 3

Why borrow through Yonda?

Accepted Answer

Specialized Bike Finance is a jv with Yonda Bike Finance, the market leader for Bicycle Finance in South Africa. Available in all Specialized dealers nationwide, they have intense knowledge of the products we finance and offer the lowest interest rates.Partnered with SA's leading leisure finance bank's Yonda is able to get you the best rate and lowest repayments available.

Question 4

How much will I pay?

Accepted Answer

Everyone is different. You will go through the normal application and scoring process for a loan. Rates depend on your credit worthiness. We guarantee the lowest rates in SA and they are fixed, I.E. you will pay the same interest rate for the duration of your loan.

Question 5

Do I need to pay a deposit?

Accepted Answer

Yes there is normally a deposit payable on new assets, starting from R2000. Used assets normally dont attract a deposit.

Question 6

Can I settle early?

Accepted Answer

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

Question 7

How long can I finance this for?

Accepted Answer

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

Question 8

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

Accepted Answer

Fill in the Applysection in this website above to start the process.

Question 9

Are there any additional fees?

Accepted Answer

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 R2990 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.

Question 10

Is there a minimum or maximum price?

Accepted Answer

Yes, you can finance anything from R15 000 upwards.You can finance any value bicycle, but the maximum principal debt amount is R200 000. IE, a R220 000 bicycle requires a R20000 deposit.

Question 11

Is my data secure?

Accepted Answer

Yes absolutely. We employs global best practices and enterprise grade security.
We use HTTPS over TLS 1.2 and above, as well as SSL protocols, providing security for your data. Any data sent between our site and a user's browser is encrypted, ensuring a safe browsing experience for all.

Our users’ data at rest encryption utilises AES-256, the industry’s most broadly used encryption method.

Frequently asked questions