Capitec Loans – Simplified Credit Solutions
Overview
Since it was established in 2001, Capitec Bank has grown to become one of the major banking institutions in the country, with over 7.3 million clients. Offering a range of banking solutions, from transactional services, to credit solutions, the bank is widely known as South Africa’s cheapest bank.
This factor has made the bank highly popular among South African consumers. In 2015, The South African Customer Satisfaction Index (SACSI) found that Capitec Bank has the highest satisfaction amongst customers.
The Credit solutions offered by the bank are offered in the form of a personalised credit plan of up to R250 000 and a Multi Loan option.
Capitec Loans are offered with flexible repayment terms of up to 84 months to pay.
Tell me more about Capitec Loans?
Loan amounts that are granted are based on individual affordability and individual credit profiles.
Once you have been approved for the loan, you can expect an immediate transfer to your transactions or savings account.
You get free retrenchment and death cover, which would pay off your debt in the unfortunate event of your critical illness, retrenchment or death.
You get the benefit of fixed monthly repayments, which means that you can budget better because you will know how much you owe every month.
There is an option to consolidate all your existing loans for easier monthly repayments. If you are struggling to keep up with payments to multiple creditors, Capitec Loans may be able to assist you with the right consolidation option for your needs.
Once you have been approved for the loan, you will have the financial freedom to be able to use it however you need to.
What are the qualifying criteria?
- Valid South African ID
- Be permanently employed
- Provide original proof of residence
- Provide your latest salary slip
- Provide a 3 month bank statement showing your last 3 salary deposits
To find out more about Capitec Loans, Call Capitec Bank on: 0860 10 20 43
