Looking for a personal loan that you can use almost immediately after your application gets approved? Look no further as Capitec Bank has a variety of selections that fit your requirements. Take a peek at what the company has to offer.
Capitec Online Personal Loan Features and Benefits
With Capitec Online’s Personalised Loans, you can borrow money for any purpose including home improvement, travel, medical emergencies and education expenses. This way, you can finance your needs no matter how big or small they are. What’s better is that Capitec Bank makes getting loans a much convenient experience because you can get your money in just a matter of minutes.
Apply For A Capitec Online Personal Loan
You can get your hands on this card through various application methods including the online form on the Capitec website, using their mobile app, via a personal bank visit or you can simply give them a call. The bank will consider your credit and banking background, as well as the value and stability of your income. Your application will also be evaluated based on your expenses including mortgage payments.
Files you need to present include an original copy of an identification document and proof of residential address. Keep in mind that your name should be consistent across all the documents you present, otherwise, you will be required to submit a document justifying the difference. This includes a marriage certificate, a court order or a name change certification. You should also have your latest salary slip and an original bank statement on hand.
During your application, you will need to specify the loan amount and term. The company also gives you the liberty to choose the monthly instalment that best fit your lifestyle and income. In fact, you can even choose the best offer that can give you the most competitive interest rate.
Capitec Online Personal Loan Fees and Charges
Successfully applying for this loan gets you a favourable interest rate starting from 12.9% to 27.75%. The institution provides a range of interest rates depending on the loan term and amounts including R 25,000 for 12 months (12.9% to 27.75%), R 50,000 for 24 months (12.9% to 27.75%), R 100,000 for 48 months (14.2% to 27.4%) and R 250,000 for 64 months (16.3% to 21.7%).
The best thing about this loan is its fixed repayment schedule. This allows you to manage your loan with much ease as your monthly payments are predictable. Just keep in mind that there is a once-off initiation fee ranging from R 0 to R 1,207.50. Moreover, a monthly service fee of R 35 to 69 applies.
You can never go wrong with a Capitec Online Personal Loan. Whatever your needs are, Capitec has you covered, so what are you waiting for? Jumpstart the process by using one of their convenient and fast application methods and you will surely have your loan in no time.