Capitec Personal Loan Benefits

Capitec Personal Loan Benefits

Do you currently have a financial emergency that’s going to cost you an arm and a leg to handle? Do you have an unexpected medical bill to pay or are you struggling to come up with ways for how to pay for your tertiary education fees? 

A Capitec Personal Loan may provide the ideal solution for your financial needs.

The bank is known for providing simplified solutions for South Africans. Established in 2001, Capitec now has 720 branches and offers banking on Sundays, helping it become a leader in the financial market.

Offering a range of banking services through Global One, Capitec has transacting, credit and saving solutions.

More about Capitec Personal Loan Benefits:

The personal loan offered by Capitec is based on affordability and individual credit profiles.

Monthly repayments are fixed. This makes it easier to budget every month because you’ll know exactly how much you can expect to pay.

Loan amounts are offered up to R250 000.

Repayments are flexible, with up to 84 months to pay

Once you have been approved, the Capitec Personal Loan will be available in your transactions account immediately. You can use the loan however you need to. You can use it to put down a deposit on your car, to consolidate your debt or to pay for school fees.

Loans beyond 6 months have a Personal Protection Plan which covers retrenchment, dread disease, death and permanent disability.

The application process is simple and can be completed online.

An online calculator is available to help you work out instalments.

What are the qualifying criteria?

  • Be at least 18 years old
  • Have a valid South African ID
  • Be permanently employed for a period longer than 2 months
  • Provide proof of residence
  • Provide your latest payslip
  • Provide your latest 3 months’ bank statements

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Categories: Loans