In nowadays unexpected financial situations can occur anytime when you least expect it, if you need money to pay rent, cover a medical payment, renovate your home or fix your car, Capitec Bank Temporary loan can help you with your financial emergency.
Capitec Bank is one of South Africa’s biggest retail banks and it has been offering it services for over 23 years and it focuses on helping people manage their financial lives more easily.
With a Temporary loan from Capitec Bank you can borrow a loan amount of up to maximum of R500 000 and repayment term ranges to 84 months and that will depend on the credit estimate.
Requirements of a Capitec Bank Temporary Loan
In order to qualify for a temporary loan from Capitec Bank you must meet the following requirements.
- Must be 18 years or older
- South African citizen
- Permanently employed or self-employed
- Must be earning minimum of R3000 monthly (if permanently employed)
- Must be earning minimum of R10 000 monthly (if self-employed)
Documents Required for a Capitec Bank Temporary Loan
Every loan lender will need you to have the required documents for transparency when applying for a loan, the following documents will be needed by Capitec Bank on the application process.
- Valid South African ID Document for proof of residence
- Proof of Income
- Recent Payslip – Will be needed if you are permanently employed
- Latest 3 months bank statement – will be required for both self-employed and permanent employed borrowers who don’t use Capitec Bank to receive salary
Borrowers must be aware that even if you meet the requirements and have the required documents, Capitec Bank offers Temporary loans that are determined by your credit score and affordability, if you have a bad credit history or low income it likely that you get a lower offer or you might not even qualify for the loan amount you desire, if it happens that you qualify you might get loan with high interest rates.
Where to Apply for a Capitec Bank Temporary Loan
If you are familiar with eligibility criteria’s mentioned above you can apply for the loan using the multiple platforms offered by Capitec Bank.
- You can apply online on the Capitec website
- Apply using the Capitec App
- Apply in person on a local Capitec Branch
- Apply on the phone using these numbers : 0860 66 77 89
Capitec Bank Contact Details
If you wanna contact Capitec Bank about their Temporary Loan product you can use the following details.
- Call them on: 0860 10 20 43
- WhatsApp: 0674 189 565
- Email Address: info@capitecbank.co.za
For Personal Loan click here.
