Capitec Bank Personal Loan Online Benefits

Overview

Capitec Bank, established in 2001, offers South Africans access to a range of financial solutions to help them meet their financial needs.  With over 7.3 million clients nationwide, the bank has increased in popularity in recent years. It provides services through its more than 720 branches around the country, with over 11 000 employees assisting South Africans with their banking needs on a daily basis.  

According to the latest South African Customer Satisfaction (SAcsi) for banking, Capitec Bank and First National Bank came out tops in terms of online banking services.

Capitec achieved the highest online banking satisfaction ratings, followed closely by FNB.

Capitec Bank Personal Loan Online Benefits:

The application process is simple. All you have to do is visit the Capitec Bank website www.capitecbank.co.za and fill in your employment information as well as your personal information then you can send your application.

There is minimal paperwork involved in the process. Documents required for the application process include a valid South African ID, your original proof of residence, your latest payslip as well as your latest 3 months’ bank statement. You can apply from the comfort of your home or without having to leave your office.

Loans that are granted are based on individual affordability and credit profiles.

You get access to loan amounts of up to R250 000, which you can repay over a period of 84 months.

Once the loan has been approved, the money is available immediately in your transactions/savings account.

You get to benefit from free retrenchment and death cover, giving you the peace of mind knowing that your loan will be settled should these unfortunate events occur.  Credit insurance is offered on loans longer than 6 months.

You have the option of fixed monthly repayments, so you know exactly how much you will be repaying every month.