Capitec Student Loans
With 15 years’ experience in the banking industry, Capitec Bank offers South Africans a range of competitive banking solutions designed to make their lives simpler.
Although Capitec Student Loans aren’t yet available, the bank does offer personal loans which can be used to meet a range of financial needs.
With Capitec Bank Personal Loans you can get up to R250 000 cash, which can be repaid in 84 months.
A good education doesn’t come cheap. Capitec Loans offer an easier way to finance your education. The loans come with a simple, straightforward application process. Even though Capitec does not specifically provide student loan but rather unsecured credit o hose who are employed and can afford it.
With fixed interest rates and monthly instalments, Capitec Student Loans are an easy way to finance your tuition.
What do you need to qualify?
- Valid SA ID of sponsor
- Proof of permanent employment
- Latest 3 months’ bank statements
- Latest 3 months’ payslips
- Initial quote from the University
Capitec Bank’s goal is for South African learners to study further and meet the needs of the workplace, creating a better future for themselves and their families.
Instalments are fixed, so you have a clear idea of how much you owe on a monthly basis. This way, you are able to budget easily.
Generally, once a student completes his or her studies, there is a six month grace period before repayment is required. This way you can complete your studies in peace, knowing that the interest-portion of your loan is being paid off, with only the capital portion remaining.
With these loans you can cover your tuition costs, accommodation and the costs of any study-related equipment.
Each loan is based on individual affordability and credit profiles.
To find out more, visit www.capitecbank.co.za
