Do you want to secure a loan for your next large purchase from a lender with advanced features? With the Capitec Online Personal Loan, you can borrow money with this perk and many more. Read on to find out how to request a Capitec Online Personal Loan.
Capitec offers a complete suite of financial services that will cater to your needs. You can use the money you obtained from the Capitec Online Personal Loan for emergency expenses, remodelling your home, throwing out large events such as weddings, and travelling with your family. You can also obtain a loan for consolidating your debts.
Are you still hesitating whether you should order a Capitec Online Personal Loan? You may need to check its list of benefits.
Capitec Online Personal Loan Benefits
Before applying, you can find out the breakdown of the amount that you should repay using the bank’s personal loan calculator.
The bank also offers an extended repayment period from one to 84 months, depending on the amount of your loaned money. This feature will give you the freedom to choose the repayment period.
With its advanced facilities, Capitec can approve your application in minutes. You can also receive the money immediately.
You can also manage your credit by using the bank’s mobile app, which also contains advanced features that will help you put your finances in order.
You can also avail of the bank’s affordable credit insurance, which includes retrenchment and death coverage. This service can safeguard your family from settling your remaining loan balance these unfortunate times.
Are you interested in getting a Capitec Online Personal Loan? Feel free to check the bank’s application process and requirements.
Capitec Online Personal Loan Application Process
You can request a personal loan by filling out a form on the Capitec website. You may need to prepare other requirements from the bank such as a proof of identification like valid ID that shows you are 18 years of age or older. You should also present other documents proving you are a citizen or permanent resident of South Africa. You should also have your payslips and other proofs of income ready. To ensure approval, you may also need to have an above average credit score.
You can loan from ZAR1,000 to ZAR250,000, that you can repay from one to 84 months.
Once Capitec approves the application, you will receive your loaned money from the bank account you provided on the form.
Fees and Interest Rates
You should take note of certain fees. One of them is a one-time initiation fee worth ZAR0 to ZAR 1,207.50. You must also pay a monthly administrative fee worth ZAR35 to ZAR69.
Capitec charges its loan customers with an annual interest rate between 12.90% and 27.75%, which will depend on your credit history, financial status, and other considerations.
In summary, ordering a Capitec Online Personal Loan allows you to obtain additional money for emergencies and upcoming major events that you can settle in acceptable terms using the banks advanced tools.