Capitec Loans – Personalised Solutions.

Capitec Loans – Personalised Solutions.


Since its inception, Capitec has grown substantially as a financial services institution. It has successfully cultivated its target market and has provided highly competitive solutions to clients who bank with it. Capitec has identified and capitalised on a need for highly personalised products and services for South African consumers. Capitec loans are an example of the personalised solutions options. These loans are offered in two categories for clients: Loans and multi Loans.

The Loans option gives clients access to R200 000 in funds at fixed monthly repayments, so varying interest rates have no effect on repayments. Clients are given between 1 and 84 months to pay as well as an offer of consolidation to make payments easier. Self-employed individuals do not qualify for this loan.

Multi loans offer clients up to R4000 in funds and are ideal for meeting daily needs and emergencies. The fast approval process makes it an attractive choice for individuals seeking this type of assistance. Transfers are made into the client’s bank account via mobile or internet banking, while interest and fees are charged on money transferred. Both plans cover free retrenchment and death cover. However, if a client is retrenched when the loan is less than 90 days old, 50% of the loan will be covered. For acquired loans which are 6 months and longer, the outstanding balance will be paid in full.

In order to qualify, individuals are required to present a South African ID, original proof of residence, their latest salary payslip and 3 months’ bank statements.

To apply for Capitec Loans, contact: 0860 102 043.

Categories: Loans

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