Capitec Bank Personal Loans are simple to apply for and accessible to many South Africans, if you are in need of a quick and affordable loan, Capitec Bank can help you reach your goals.
Personal loans from Capitec Bank are eligible for people who earn a minimum of R3000 per month and people who also pension can qualify, Capitec Bank loans have a maximum loan amount of up to R500 000.
Capitec Bank offers repayment terms for a loan that ranges from 12 months – 84 months that will be determined by the loan amount borrowed and also your credit score. For example, if you applied for a R50 000 personal loan that you will have to pay for 48 months with an interest rate of 22% that means you’ll have to pay R1,741 per month.
Capitec Bank Personal Loan Required Documents
- South African ID document
- 3 Months Recent Payslips
- 3 months bank statement (the documents will not be needed if you’re using Capitec to receive you income)
Requirements of Capitec Personal Loan
You must at least have the following requirements in order to apply for a Capitec Bank Personal Loan:
- Must be a South African citizen (ID will be used as proof)
- Must be 18 years or older
- Must have a positive credit profile
- Must be employed or earning pension
Benefits of Capitec Personal Loan
These are the benefits that you will get when you qualify for personal loan at Capitec:
- Monthly repayments are fixed
- Receive interest rates that start from 13.75%
- Get the loan amount you want and monthly interest that suits your needs
- Capitec Bank gives you an option to reschedule your payment if you feel like you won’t be able to repay your loan in a certain month.
Apply for a personal loan at capitec bank
Capitec Bank offers various way to apply for their personal loan, here are ways on how you can apply for the loan:
- You can simply visit your nearest branch
- Contact Capitec using phone on : 0860 66 7789
- Use the Capitec app
- Use the Capitec website
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