Personal Loans from Capitec Bank
Capitec Bank is a popular banking hub in South Africa. The bank was established on March 1, 2001, and was listed on the JSE on February 18, 2002. Capitec Bank has its registration under the South Africa Reserve Bank and boasts a shareholders’ fund of over R25 billion. They have over fifteen thousand employees and over twenty million active clients with a branch network of about 860 branches nationwide . Capitec Bank’s international payment partners are MastercardTM and Visa. Capitec Bank is committed to offering innovative, digital banking solutions that meet every individual’s status. They offer various banking services such as business banking, personal banking, loans and credit facilities. In this article, we will look at personal loans from Capitec Bank that are designed for every individual’s financial need.
Personal Loans from Capitec Bank
1. Vehicle Loan
Capitec vehicle laon allows subscribers to own their dream cars without breaking the bank or going bankrupt.
Benefits:
- Get a loan up to R500 000 for any vehicle
- An interest rate from prime
- Loan term extended to up to 84 months for repayment.
- The loan is unsecured, which means you own the vehicle from day one.
How It works:
- Apply online directly on the partner website links
- Complete an application in 3 easy steps to get a credit offer
- If you receive an offer, a Capitec consultant will contact you to finalise your application, OR you can visit your nearest Capitec branch
Eligibility:
- A valid South African ID (must be 18 years or older)
- Your latest 3 consecutive salary slips
- A bank statement showing your latest 3 consecutive salary deposits (only if the salary is not paid into your Capitec account)
To streamline the process, this offer is currently available exclusively through partner websites and not directly at Capitec branches.
2. Education Loan
A loan that helps facilitate school fee payments.
Benefits:
- Up to R500 000
- Revolving credit (access facility) is available immediately, only pay for it when you use it
- Up to 84 months repayment tenure
- An interest rate from prime
How It Works:
- Choose an option that suits you:
- Online directly from the partner’s website below
- Scan the QR code at the partner to start your application
- Visit a branch
- Complete 3 easy steps online to see if you qualify
- If you do, a consultant will contact you to complete your application
Eligibility:
- A valid South African ID (must be 18 years or older)
- Your latest 3 consecutive salary slips
- A bank statement showing your latest 3 consecutive salary deposits (only if the salary is not paid into your Capitec account)
3. Home Improvement Loan
Benefits:
- Up to R500 000 credit for your needs
- Revolving credit (access facility) is available immediately, only pay for it when you use it
- Up to 84 months repayment tenure
- An interest rate from prime
How It works:
- Choose an option that suits you:
- Online directly from the partner’s website below
- Scan the QR code at the partner to start your application
- Visit a branch
- Complete 3 easy steps online to see if you qualify
- If you do, a consultant will contact you to complete your application.
Eligibility:
- A valid South African ID (must be 18 years or older)
- Your latest 3 consecutive salary slips
- A bank statement showing your latest 3 consecutive salary deposits (only if the salary is not paid into your Capitec account)
4. Medical Loan
Benefits:
- Up to R500 000 credit for your medical emergencies
- Get revolving credit (access facility) for ongoing medical expenses, a term loan to settle bills or both
- Up to 84 months repayment tenure
- An interest rate from prime
How It Works:
- Choose an option that suits you:
- Online directly from the partner’s website below
- Scan the QR code at the partner to start your application
- Visit a branch
- Complete 3 easy steps online to see if you qualify
- If you do, a consultant will contact you to complete your application
Eligibility:
- A valid South African ID (must be 18 years or older)
- Your latest 3 consecutive salary slips
- A bank statement showing your latest 3 consecutive salary deposits (only if the salary is not paid into your Capitec account)
- A standard invoice or quote from the service provider, not older than 30 days (only for a term loan)
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