Capitec Bank loan – Online application
When looking for a bank to get a loan with, you’re looking for one that offers you some of the best rates in the market. So how about looking at a bank that can offer you rates as low as 12.9%? Considering the market and how it has been evolving for quite some time now, this is a decent deal.
This is what you get when you take out a loan with Capitec Bank. There are however a number of determining factors that can cause you to get this loan at these rates. The other cool factor about getting a loan from this bank is that you can apply for the loan online.
To learn more about these features and benefits that you can get when you take out a loan with Capitec Bank, you should read on. You can also learn how you can apply for the loan online. In addition, the costs of taking out the loan from the bank can also be viewed here.
Features and Benefits
It usually doesn’t matter why you want to take out a loan, as long as the loan is priced right, among other benefits. Some of the benefits included here are as follows.
Consolidate your debts
One of the advantages of borrowing from Capitec Bank is that you can easily consolidate your debts. It doesn’t matter where your debts are coming from, you can have them in one basket here. This makes it much easier to keep track of payments and due dates.
Fixed monthly repayments
With most banks, the monthly repayment varies and the bank decides how much you need to pay. With Capitec, however, you choose how much you’re willing to pay. Having fixed payments helps you easily budget how much you can spend each month.
Easy credit management
You can easily manage your credit via the Capitec application. This allows you to have access to your credit anytime from the comfort of your phone. This way you can always stay on top of your account.
The other advantage you get with Capitec Bank is that you have a loan limit of up to R. 250,000.
Fast approval and disbursement
When it comes to credit approval, Capitec only takes a few minutes to get loan approval. Better yet, once the loan is approved, you have the money in your account instantly.
Apply for a loan with Capitec Bank
To apply for a loan from Capitec Bank, you must first be eligible. And there are a number of determining factors for getting a loan. Your credit profile is right at the top of the list of these factors – it should at least stabilize.
The bank will then go and check if you have a stable source of income. You must also be at least 18 years old before you can apply for the loan. You will need to have your Identity card, last payslip and original bank statement showing your latest salary payments.
To apply you can use any of four ways, online being by far the most convenient. You can physically go to a branch of the bank, apply through the bank app, through the bank through the bank’s contact number, and apply through the bank’s website.
For an online application, visit the bank’s website and click on the loan menu. This will take you to another page where you will need to click on the type of loan you want to take out. For example, you can choose from personal loans or the other options available.
Once you are on the next page, you can start filling in your personal information and, remember, you have to be as honest as possible. Use this link to access the Capitec Bank loan page.
Fees and charges
There are fees you need to get rid of when you take out a loan. Like most banks, you have a initiation fee of approximately R.1,197. You must also separate from a monthly service charge of R.68.40. The interest rate varies from as low as 12.9% at heights up to 21%.
Bank details and address
To get more information about the loan before you apply, you can contact the bank on +27 21 941 1377. The bank’s head office is at 1 Quantum Street, Techno Park, Stellenbosch, West Cape, South Africa.
Taking out a loan has gone from the traditional format it was in years gone by. Today you can easily apply for the loan in a number of ways and not just by going to the bank in person. Here is how to apply for a Capitec Bank loan online.
*To note: Applying for a loan involves risk. Consult the lender terms and conditions page for more information.