Question 1

Who are we?

Accepted Answer

Launched in 2012, today Yonda is SA's leading bicycle finance broker, and having partnered with SA's leading leisure finance banks we can get you the best rate and repayment terms possible.
We work with over 200 stores nationwide, so chances are the shop you are buying through knows us.

Question 2

How long does this take?

Accepted Answer

Pre-approvals are done in minutes during office hours, provided you give us the docs we need. You will receive 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 use Yonda?

Accepted Answer

Yonda is the oldest, biggest and fastest option for Bicycle Finance in South Africa, with a network of 200 accredited dealers nationwide. 
We have in-depth knowledge of the bicycle industry, since we have been riding bikes ourselves for over 25 years.
Having partnered with tier one SA banks, we bring you peace of mind and the best rates and lowest repayment terms possible.

Question 4

What docs do you need?

Accepted Answer

The very minimum will be a quote for your bike, then:
-            If you are an FNB/FRB client, then we dont need proof of income at all.
-           Latest 3 months payslips ( not password protected or zipped ) If self-employed we do not require payslips.
-            Latest 3 months Bank Statements ( not password protected or zipped ) Statements not required if you bank with FNB. Must reflect latest 3 months’ salary payments.
-           Quote for the bike you are wanting to finance ( please ensure the bike’s year and model are included on the quote, as well as if it is new / used )
 
We may ask for your ID and proof of residence if the bank requests it.
PHOTOGRAPHED DOCUMENTS ARE NOT ACCEPTED BY WESBANK. ( Cam Scanner not accepted by Wesbank )

Question 5

I'm self-employed, how does that work?

Accepted Answer

We can absolutely assist you to finance your bike.
If you are an FNB or FRB customer, WesBank can access your bank accounts for income proof.
If not, you will have to provide at least 3 months bank statements showing your income.

You do NOT need payslips.

Question 6

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. 
Used bike rates may be fixed or variable, depending on the banks scoring of your application.

Question 7

Do I need to pay a deposit?

Accepted Answer

Yes there is normally a deposit payable on New assets, starting from R4100. Used assets normally dont attract a deposit.

Question 8

Can I settle early?

Accepted Answer

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

Question 9

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 10

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

Accepted Answer

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

Question 11

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 R20 000 deposit.

Question 12

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 R75 to your monthly repayment.

Question 13

Do I have to have insurance?

Accepted Answer

Yes insurance on your bicycle is mandatory by WesBank.

Question 14

Do you offer Islamic/ Shariah compliant bike finance?

Accepted Answer

Yes our partner WesBank has a fully compliant offering in the leisure space, where we sit.
You can just complete the online app but just drop us a mail afterwards and we will ensure it follows the correct procedure.

Question 15

Is my data secure?

Accepted Answer

Yes absolutely. Yonda 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.

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