It will also be compulsory to take out death cover and permanent or temporary disability cover. If you take a loan that will take you more than 7 months to pay then it becomes compulsory. Do you offer credit insurance?Ĭredit insurance is offered on all personal loans with the repayment terms of 6 months or longer. Unfortunately, we will not be able to assist you with a bad credit loan. If you are self-employed, you determine your own salary and payment date. We need to make sure you are stable and that your expenses don’t outweigh your paycheck. The longer you have had your job or been employed the better your risk profile. The next thing we will look at is your credit and banking history as well as what expenses you already have versus how much you earn.

To determine your affordability, we will ask your permission to run a credit check. Simply log on and apply online or come into one of our branches for a face to face consultation with one of our experts. We have taken the effort out of applying for a loan. We also offer retrenchment and death cover on your personal loan should the worst happen. If you need affordable credit insurance speak to one of our friendly consultants and they will help you through the process. This will save you money and help you avoid missing a payment and having additional interest fees added. We will pay all your creditors and you will only need to pay back your loan with us. Not only do we offer personal loans, we will also help you consolidate all your existing debt into one easy to manage account with a debt consolidation loan.

Proof of address (document must display your name and your street address).

A stamped 3-month bank statement showing your last 3 months salary deposits.

To apply for a loan with us you will need the following documentation. We run a credit check in a matter of minutes, then once we have analysed your profile and offered you a deal and you have signed and accepted the long or short-term loan agreement, the money will be transferred directly into your bank account immediately. We give you the added benefit of choosing your interest rate and once agreed upon, this is a fixed term that will not change for the duration of the loan agreement. How much can I borrow?Ĭapitec allows you to borrow up to R250 000 over easy repayment terms ranging from 1 -84 months, depending on how much you would like to borrow and how much time you will need to pay back the personal loan. We are there to assist you as best we can. If you need a little bit of extra cash for car payments, school fees or medical bills or anything else you need quick cash for. We offer you lower fees and give you the best possible interest rate, tailor-made to suit you. Capitec Bank - Tailor-made personal loansĬapitec Bank now offers personalised credit based on your unique credit profile.

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