Capitec Home Loans are home finance solutions with a difference. The bank ensures that clients are given personalised services to suit their individual needs. Each individual buying a home has their own set of needs and their own financial circumstances. Capitec acknowledges this and strives to give each individual unique solutions.
Buying a home is a milestone event by any standards. The process can be quite intricate and requires attention to detail. Finding the right kind of lending institution can be quite helpful. Capitec Bank strives to be the first institution individuals consider when they are looking for home finance.
Capitec Home Loans can be used to finance home improvements or for purchasing your first home.
Loans of up to R5 million are provided and they are repayable over a period of 240 months.
What do you need to apply?
- Be above the age of 18 years and not older than 60 years
- A valid South African I.D.
- 3 months’ salary slips
- 3 months’ bank statements
- Copy of a signed purchase to offer
- Copy of marriage certificate (if applicable)
- You cannot be under any form of debt counselling
- Have a good credit rating
Loan amounts are based on your individual credit rating and affordability. With fixed monthly instalments you are assured of consistency which enables you to budget better. A debt consolidation option is made available to clients.
You can expect approval within 5 working days after all documents have been provided. Capitec also provides free retrenchment and death cover for loans longer than 6 months. If you’re retrenched when the loan is less than 3 months you get cover of 50%. Special deals are created for qualifying government employees.
Where can you apply for Capitec Bank Home Loans?
You can simply visit any Capitec branch in Gauteng, or selected Kwa-Zulu Natal and Western Cape branches to apply.
Contact Capitec by calling: 0860 10 20 43.
Visit their website here: www.capitecbank.co.za
Online loan calculator.