Capitec Bank Personal Loans are one of the most affordable credit product in South Africa, if you are in need of financial assistance to complete a planned or unplanned task, Capitec Bank’s Personal Loan can lend a helping hand on your endeavor.
With the Capitec Personal Loan you can borrow an amount with maximum of R500 000 enough to suite your needs and the repayment period for the loan ranges from 12 months up to 84 months, giving you an option to choose the monthly payment you can afford and Capitec Bank also offers Personalized Interest Rates starting from 13,75% per year and you are going to be offered a loan amount that will be determined by your affordability and creditworthiness.
Example: If you successfully borrow a loan amount of R50 000 for a period of 48 months (4 years) with an interest rate of 22% per year it will be R1743, initiation and service fees included.
Capitec Bank Personal Loans Benefits
You get to choose the loan amount you desire, with low interest rates and low monthly repayment, offers fixed monthly repayment that never change until you settle your loan, personalized interest rates from 13,75%, if you qualify your loan gets approved in minutes and your money will be sent to your bank account in minutes, get credit insurance that you can afford and the insurance decreases every time when you keep paying your loan on time.
Capitec Bank Personal Loans Requirements
These requirements that follows must be met in order to qualify for the personal loan:
In order to qualify for the Capitec Bank Personal Loan you must be a South African citizen 18 years or older, must have a stable income, earning at least a minimum of R3000 per month, permanently employed or earning pension.
Documents Required for the Personal Loan
The following documents will be needed when applying for the Capitec Bank Personal Loan:
You must have your Valid South African ID card or document, recent salary payslip will be needed for proof of salary payment and employment, your recent 3 months bank statement will be required if don’t use Capitec Bank to receive your income.
Where Can I Apply for the Personal Loan
Applying for the Capitec Bank Personal Loan is quick and easy, you can apply using the following platforms:
When you meet the eligibility requirements and have all the documents required for transparency you can apply at your nearest Capitec Bank branch, apply using the Capitec Banking App, apply on the website or give them a call on: 0860 667 789
Capitec Bank Contact Details
Contact Centre: 0860 10 20 43
WhatsApp Number: 067 418 9565
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