The Global One facility offered by Capitec Bank is a popular product that gives individuals access to personal loans of up to R250 000. These loans are repayable over a period of 84 months – giving individuals a reasonable amount of time to repay the loan without placing too much pressure on finances.
While the loan can be useful for meeting short-term financial needs such as paying for school fees, or car repairs, Capitec also offers a consolidation loan option.
Capitec Bank Consolidation Loans are credit management facilities that can help individuals who are struggling with multiple debt repayments. Benefits offered by this type of loan include having only one payment to service every month, the possibility of getting a lower interest rate as well as lower monthly instalment.
To qualify for this type of loans, you need to be considered to be over-indebted and struggling to make repayments on multiple accounts.
What do you need to apply?
- Valid South African ID
- Original proof of residential address
- Latest payslip
- Latest 3 months’ bank statement showing your latest 3 salary deposits
Why choose Capitec?
Capitec Bank Consolidation Loans are financial solutions that are designed to assist individuals who are struggling with debt repayments. The introduction of the National Credit Act was meant to provide South African consumers with access to information about credit agreements. The Act also introduced regulations that ensure that consumers are able to get the assistance they may need in order to be able to get out of debt spirals.
Capitec Bank strives to provide its clients with banking solutions that simplify the experience. The bank also values the provision of affordability and accessibility to its clients.
Visit www.capitecbank.co.za to find out how you can benefit from Capitec Bank Consolidation Loans.
Call: 0860 10 20 43