Capitec is one of South Africa’s leading retail banks. Since inception in 2001 it has grown in leaps and bounds to become one of the country’s premier financial institutions. It also offers a range of financial products coupled with flexibility for clients. One of these products is the Capitec Bank Loans offer.
Tell me more about Capitec Bank Loans:
This loan option provides you with up to R200 000 in finance.
Repayment terms are flexible and affordable. With Capitec Bank Loans you are able to repay the loan within 1 to 84 months. This is a term much longer than what other lenders are willing to offer their clients.
Capitec Bank Loans are offered as short or long term options. Short term loans are available through the Multi Loan facility. Capitec offers clients the option to transfer some of their Multi Loan funds into their daily savings account.
Monthly repayments are fixed, giving you the peace of mind knowing exactly how much you are responsible for. Changes in the prime interest rate won’t have an effect on your repayments.
Interest rates and fees are charged only on the funds you use and they must be settled in full at the end of the month.
If you are already a Capitec client you qualify for lower interest fees. As a Global One account holder you pay zero fees if you use the card to draw cash at Capitec ATMs or any retailer, or even if you swipe at retail outlets.
You get free retrenchment and death cover for loans 6 months and longer.
A debt consolidation option is available.
What do I need to apply for Capitec Bank Loans?
- A valid South African Identity Document
- Original proof of residence
- Latest salary slip
- Latest 3 months’ bank statements
Call them here: 0860 10 20 43