Capitec is a South African financial institution that offers banking and borrowing services across the country. It offers different kinds of credit products, including home, multi and Capitec Personal Loan. Interest rates are generally very low, making this bank desirable for anyone wishing to get financed with a loan.
Capitec Personal Loan
Personal loan amounts can be as high as R 250,000, which applicants can repay in 84 months. Other allowable amounts are R 100,000, R 50,000, R 25,000 and R 5,000, which have to be repaid in 48, 24, 12, and 6 months respectively. Also, they allow their customers to borrow any other amount as per their needs, which they can repay up to 84 months.
Documents and Requirements for Loan Application
To apply for a loan with Capitec Bank, applicants will need the following:
• Most recent salary slip
• 3-month bank statement, which has to be recent
• Being a South African citizen
• Have a steady income
• Being between the ages of 18 and 60
• Not be under debt counselling Benefits of Capitec Loans
Capitec Personal Loan Interest Rates
Capitec Personal loan have numerous benefits. They include:
• Customers get the money immediately after their loan has been approved
• Loans come with flexible repayment options
• They offer higher loan amounts when compared to other banks in the same country. People seeking a loan can contact Capitec Bank so that they can find a way to help in the financial situation. They can also apply for the loan via online, app, visiting nearest branch and call on 0860 66 77 89.