Capitec bank offers finance in Africa to borrowers for longer period of up to 7 years. This Bank is largest and most trusted bank by customers. Below are the details for Capitec Bank Loans Review. The Capitec bank allows personal loan up to R 250,000 which is big amount for borrowers to fulfill their personal needs.
The Capitec Bank is offering loans since 2001 with most affordable interest rates. you can take loan starting from 12.9% fixed interest rates. The banks offers loans with more flexible terms and condition and allowing borrower to borrow any amount of loan up to allowed limit. it allows loans for the purpose of debt consolidation. This means you can take loan from Capitec and pay off your old debts. All south African resident can take loan from Capitec who meets criteria.
The following are types of personal loans offered by Capitec Bank in Africa
Capitec Bank Loans Review
Capitec short term Multi Loans
you can take personal loan only up to amount of R 5000 for short term purpose. Capitec allows this loan to meet someone short term emergency needs. The bank allow this loan for only 1 month and due to lower amount borrowers has to repay within one month.
Capitec Personal Loans
you are allowed to take loan up to amount of R 250,000 for their financial needs for a period of unto 7 years. Capitec bank offers lower and fixed interest rates compare to the other banks. Bank process personal loans quickly and transfer loan amount to borrowers accounts quickly. The bank transfer amount immediately when borrower is using same account for salary. bank also give option to borrower; either they can online through website, by using mobile APP or by visiting nearby branch.
Capitec Home Loans
you can take home loan from Capitec for the purpose of buying home. Capitec offers Home loan in collaboration with SA Homes loans and that’s why loan amount is higher and up to to R 5 million. it allows 20 years repayment period for home loan. you can take home loan up to 90% of home value.
Capitec Debt Consolidation Loan
bank offers loan to repay your debts. this means you can take loan from bank and repay your old debts. After that you have to pay only one loan installment monthly to Capitec bank.
•Borrower who is self employed aging more then 18 years and holding south African ID card can apply for loans.
• Capitec offer loans to borrower as per their credit score and financial position. so each borrower has to apply for loan amount as per per their credit history .
• you can Apply with Capitec Via Mobile APP, through online Website as well as visiting nearby branch.
• Borrower can get credit insurance in loans longer than 6 months for death and recession.
You can review further detail on Capitec bank here.