Sometimes people need financial help and it’s vital that they get it from a trusted and authorised financial institution. Capitec offers loans for their clients that are tailored for the clients’ financial needs. Where a client needs a long term loan or a shorter one, Capitec caters for them. Clients can use the cash for basic household needs, medical emergencies, renovating their homes or paying for their children’s tuition.
At Capitec, clients can get a personal loan of up to R200 000 or a multi loan of up to R4 000. The terms of a Capitec loan are designed to suit their clients’ financial needs and are based on the clients’ affordability and credit profile. After approval the money is immediately available in the client’s transaction/savings account so they can easily access it.
For loans exceeding six months, a free retrenchment and death cover is available for the clients’ peace of mind. Clients can repay their personal loan in up to 84 months at fixed interest rates, meaning that their monthly repayments will remain the same. A multi loan is repayable in full each month and interest and fees are only charged on money used. A review takes place every 12 months for the clients’ convenience.
To apply for a Capitec personal or multi loan, clients must be permanently employed and must provide identification document, original proof of residence, latest payslip and a three months’ bank statement.
Self-employed clients don’t qualify for a Capitec loan as they don’t fall within Capitec’s credit-granting policy.
Clients can apply for a Capitec loan online at www.capitecbank.co.za or at their nearest Capitec branch. For more information on Capitec’s personal or multi loan, clients can call 0860 10 20 43.