Capitec Bank Loan – Life is full of surprises and sometimes you have to deal with unexpected expenses. In such cases you do not have to despair as you can take a Capitec Bank loan to cover such expenses.
Credit solutions from Capitec come in two forms where you can either have a Credit Facility in place or you can apply for a loan. For a Credit Facility you can get up to R5 000 to cover unexpected expenses and this is repayable in full each month. For loans you can apply for an amount of up to R250 000 in cash over 1 to 84 months.
How much you qualify for on both solutions depends on your affordability.
The Credit Facility is ideal for covering your daily needs. With this Capitec Bank loan you don’t have to stress about how you are going to cover unplanned expenses as the facility will already be in place. Money will be available immediately and you can do card payment or get cash at an ATM. This facility is easy to use and you can even use your cell phone to transfer money into your account. If you have this facility in place always remember that the full amount is repayable each month.
For bigger expenses you can apply for a bigger Capitec Bank loan. Others apply for such a loan as a debt consolidation method for easier payments. This involves taking a Capitec Bank loan to pay out all existing debt and only having to pay Capitec each month.
Some of the benefits of loans from Capitec include immediate access to funds after approval. Fixed monthly payments also assist you with better budgeting. You also get affordable credit insurance including death and retrenchment cover.
Requirements To Quaify For A Capitec Bank Loan
- You must be 18 years or older
- A Valid ID
- Latest 3 months bank statement and payslip
- Proof of residence
- To apply you must be employed full-time
- You must earn a salary and not just commission
- Need to be with current employer for more than 2 months
- You must not be under debt review or administration
Application can be done online or alternatively you can visit a branch. The benefits of applying online are that you save yourself time usually spent in queues at branches and you can apply from the comfort of your office or home.
Capitec Bank Loan Contact Details
To apply for a loan or for more information you can visit their website www.capitecbank.co.za or call them on 0860 10 20 43.