Capitec Bank Temporary Short Term Loan

Capitec Bank Temporary Short Term Loan

Capitec offers clients the ability to have access to short term credit, every month. It’s a great benefit to have, especially if you don’t necessarily want to borrow a large amount or take out an expensive loan just to cover smaller expenses.

You can get a monthly loan up to 4000 and which you can use for any emergency spending. The money will be available to you immediately any only have to pay for the amount you use. Although the loan has to be repaid in full every month you will need to reapply every time as your limit will be reviewed once every 12 months in a branch.

Capitec also has other loan options if you are interested in a personal loan, and you can apply for this inside a branch. You can access your Capitec Bank temporary short-term loan via online banking, their cellphone app, or by dialling their short code *120*3279#.

If you need more credit, you can choose a personal loan of up to R250 000 cash over 84 months based on your affordability and credit profile.

  • You have to be older than 18 years
  • You have to be permanently employed
  • You have to earn a salary that is paid into your bank account
  • You may not be under debt review, sequestration, or be blacklisted

In just over 10 years, Capitec Bank has gone from a small micro lending start up to a major competitor in the South African banking sector. This company is regarded as the market leader when it comes to attracting first-time banking customers and middle-to-low income earners



Categories: Loans