Taking Up A Capitec Bank Student Loan

Taking Up A Capitec Bank Student Loan

Capitec is one of South Africa’s most popular banks and they offer various personal loans to clients, which is perfect to use as a Capitec Bank student loan. Their loan products include a loan of up to R250,000, which is perfect for a student loan. They offer great interest rates and that’s what makes their loans so appealing.  

In addition to a personal loan, you can also get a multi loan for unexpected expenses. Their personal loans are payable over up to 84 months based on your affordability and credit profile. They also have a short-term, revolving loan available that will provide you with up to R4,000 per month, which is repayable every month but the credit facility will be available to you every month.

Here’s how to take out a Capitec Bank Student Loan:

  • You have to be 18 years or older
  • You have to have a recent bank statement and salary slip
  • You have to be employed
  • You have to be with your current employer for longer than 2 months
  • You have to earn a salary (not just commission) which is paid into your bank account
  • You should not have been under debt review or administration

You can visit Capitec’s website for calculators and estimates in terms of how much you need and what your repayment rate will be. You can also request a consultant to call you back if you want to apply for a loan so that you can finalize the application.

Capitec offers various credit options and taking out a student loan is easy to do. You also get free retrenchment and death cover as well as the ability to pay the loan over 84 months.

Categories: Student loans