Capitec Bank Personal Loans – Simplified Banking for Your Finance Needs

Overview

Since inception in 2001, Capitec Bank has grown to become of the foremost banking institutions in South Africa. While the banking sector is still dominated by the big four banks, Capitec is fast making inroads into the sector. The bank currently has more than 7.3 million active clients who are able to get access to quality banking solutions through over 720 branches. The bank’s 11 440 employees are dedicated to providing simplified banking solutions. Services are provided based on values such as simplicity, affordability, accessibility and personal service. 

Capitec Bank Personal Loans are offered through the Global One service.

This is a personalised credit plan of up to R250 000. Individuals can use the loan amount however they wish. The loan may be useful for paying for financial emergencies, for paying for school fees or even for home renovations.

Repayments are flexible and individuals have up to 84 months to repay the loan.

Some of the benefits offered by Capitec Bank Personal Loans:

Individuals get fixed monthly repayments, making it easier for them to budget every month.

Free retrenchment and death cover is included, so your loan is paid off, giving you and your family peace of mind.

Once you have been approved for the loan, the money is immediately available in your account. You can then use it however you need to.

The loan amount that you qualify for is based on individual affordability and your credit profile.

Credit insurance is offered on loans longer than 6 months.

Capitec provides personalised credit solutions so you are given a credit solution that is designed to meet your needs. As a registered credit provider, Capitec provides personal loans to individuals who can afford to make repayments and who aren’t over-indebted.