Capitec Bank Loans – When you apply for Capitec Bank Loans they will look at your affordability and credit profile to ensure that the loan that they offer you matches your requirements, and doesnt strain you financially when you start making the repayments. If you have multiple loans you can also choose to consolidate all those loans and have them paid off, while remaining with one manageable loan which will save you with lower interest rates.
What types of Capitec Bank Loans are available?
Multi Loans from Capitec Bank are short-term loans that offer borrowers money of up to R5 000 in cash straight into their Capitec account to help them use it for any of their immediate short-term obligations. These loans can be classified as pay day loans due to the fact that they will need to be paid back in full within 30 days from the date of receiving them, and are ideal for those unplanned financial expenses that come up when we least expect or prepared for them.
Personal Loans are Capitec Bank Loans that offer as much as R250 000 in cash with flexible repayment terms of up to 84 months. They have quick approval times and lower interest rates to Capitec Bank account holders whose salary is paid out into that account, and interest rates remain fixed throughout the duration of the loan tenure.
Home Loans from Capitec Bank offers you as much as 100% of the property value in finance to help you purchase your dream home. Capitec Bank works in partnership with SA Home Loans and can give you home loans of up to R5 million and as much as 20 years in repayment terms. Owning a home is one of the most important things you can ever do in your life, and Capitec Bank understands this, and this is one of the reasons why they offer this facility to help you with finance to purchase a new property of extend an existing one.
Debt Consolidation Loans are loans from Capitec Bank that allows you to get as much as R250 000 and use it to settle all your smaller loans. These loans are good because a lot of people don’t realise the negative impact multiple loans have on your credit profile, and also the collective interest rates you pay for these loans can end up hurting you financially in the long run. Having debt consolidation loans from Capitec helps you better manage your finances and save in lower interest rates each month.
Basic application requirements for these loans includes being an account holder with Capitec Bank, being employed permanently and over the age of 18 years, having your South African Identity Book, having your proof of income and residential address not older than 3 months. Although specific requirements may differ between the various product offerings you can confirm the additional requirements with the bank itself.
Capitec Bank Loans Contact Details
Enquire more details about the requirements and benefits of taking out Capitec Bank Loans by simply visiting your nearest branch or calling them on 0860 10 20 43 and speak to their friendly assistants who will assist you with the application process or any questions you may have that you need answered. You can also visit their website www.capitecbank.co.za and read more details from there regarding their various products and services.