Loan in Minutes
With Capitec Loans, clients are granted access to R230 000 in funds with fixed monthly repayments. Clients are given repayment terms of between 1 and 84 months. The Multi-Loans service offered by Capitec is a monthly credit facility offering up to R4000 in finance. Application documentation required includes a South African identity document, original proof of residential address, the latest salary payslip and 3 months’ bank statements. In addition, clients are offered an opportunity to consolidate other existing loans. Inclusive in the loan packages are free retrenchment and death cover.
Giving clients more value, Capitec only charges interest and fees on money transferred and the money is repayable in full each month. Qualifying clients’ loans are made available within minutes after approval enabling clients to do card payments or get cash at supermarket tills and ATMS.
The bank subscribes to responsible lending practices and has strict affordability assessment and prudent provisioning for bad debt. Clients are encouraged to make the best credit decisions. They can make use of Capitec’s credit calculator to see how much they need and the length of time needed to repay it.
For Capitec’s unmatched loan solutions, call: 086 010 2043.