Capitec Bank has been around for a while offering South Africans quality and consumer-friendly financial services, Capitec Online Loan being one of those services whilst making Capitec Bank an ideal credit provider for anyone looking for financial support to either pay rent, pay medical expenses, fix car, renovate your house or additional funds for that planned wedding or party.
With a Capitec Online Loan, you can borrow a loan amount starting from a minimum of R1000 up to a staggering R500 000 and the repayment period for a Capitec Online Loan ranges from 7 months up to 84 months, that a term enough for many individual’s financial backgrounds and the interest rate is 13.75%
Representative Example: If you borrow a loan amount of R50 000 with a repayment period of 12 months you are going to repay R4777.12 every month and in total, you are going to pay R57 325.44
Capitec Online Loan Qualifying Criteria
Here are the requirements you need to meet in order to qualify for the Capitec Bank Online Loan
- Must be South African
- 18 years or older
- Employed or self-employed
- Earn at least R3000 monthly
- Must have a good credit score or history (your credit profile will be assessed during the application process)
These Documents Will be Required When Applying
- Valid South African ID card or document
- Recent payslip
- Recent 3 months bank statement (if not banking with Capitec Bank)
- Proof of residence (document like your utility bill)
How To Apply for Capitec Online Loan
Applying for a loan with Capitec Bank is simply you can apply using the following platforms, when you have the documents needed and meet the requirements the application process will be a breeze
- You can apply at your nearest Capitec Bank branch
- You can apply online on the Capitec Bank website
- Apply on the Capitec Bank app
- Apply on a phone call on: 0860 66 77 89
Capitec Bank informs you about your application outcome in minutes and once you are approved you will immediately get your money straight to your bank account, delays will be caused by the bank you are using.
Benefits offered by Capitec Bank
- Transparency on fees, interest and terms
- Credit Insurance in case you die, get disabled, lose your job and more
- Personalized Interest Rates
- Very Quick Turnaround Time
- Debt consolidation
Contact Details
- Phone: 0860 10 20 43
- Email: ClientCare@capitecbank.co.za
- WhatsApp: 067 418 9565
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