Capitec Global One Credit Loans – Capitec Bank has made enormous strides in the financial sector in recent years, rising to be one of the nation’s largest commercial banks in less than ten years.
Capitec Bank was established in 2001 and has since grown to become South Africa’s second biggest retail bank, with over 6.2 million customers.
One of several reasons for their success is their Global One Account, which provides the ease of getting a transaction account, four free savings plans, insurance, and personalised credit.
Capitec Bank caters both to individuals and companies, and its Global One account combines a transaction/savings account and a line of credit into one product.
The Global One transactional account from Capitec is a centralized account that allows you to access banking, credit, investments, and insurance with ease.
Banking has never been easier, and with a Capitec Debit or Credit Card, you’ll be able to access your funds and transact anywhere in the world with ease.
Among the many advantages of a Global One Transactional Account are the following:
01. Simply tap to pay with your Debit or Credit Card.
02. On your transaction/savings account, you will get up to four additional savings plans.
03. When you use your card to pay for goods and services in other countries, there are no transaction fees.
04. Small fees for ATM withdrawals.
05. Mobile, internet, and app banking are all simple to use.
What is Capitec Global One Account?
The Global One transactional account from Capitec is a centralized account that allows you to access banking, credit, investments, and insurance with ease.
Global One Account is distinguished from other banking products by the availability of their credit facility merged in with its transactional account, which provides up to R250 000 in the form of a Personal or Revolving Loan.
This account allows you to obtain affordable credit of up to R250 000, depending on your credit profile, that you can utilize for any of your expected or unplanned financial requirements.
Among the many advantages of a Global One Transactional Account are the following:
01. Simply tap to pay with your Debit or Credit Card when making purchases.
02. On your transaction/savings account, you will get up to four additional savings plans.
03. When you use your card to pay for goods and services in other countries, there are no transaction fees.
04. Smaller fees charged for ATM withdrawals.
05. Mobile, internet, and app banking are all simple to use.
Types of Capitec Global One Credit Loans available
Capitec Personal Loans
Capitec Personal Loans are customized credit products provided by Capitec, with repayment periods of up to 84 months and amounts up to R250 000 in cash.
The interest rate on these personal loans starts at 12.9 percent, but it is highly determined by your personal credit score, because the higher the credit score, the lower the interest rate.
The fact that you can pick the loan amount you like, the monthly repayments you want, easy approval, and same-day payments make these loans a better option than loans from other lenders.
You may also combine all of your current smaller loans into a single, affordable loan with lower interest rates through their debt consolidation loans.
Capitec Revolving Loans
These loans provide you with access to a “revolving” lending facility, which allows you to “re-borrow” money that you have already paid back without having to reapply for a new loan.
Revolving loans provide you with benefits such as when you don’t use this facility, you won’t be paid an initiation fee, interest, or monthly service fees.
Depending on your financial condition, you can also shorten or lengthen your repayment terms, allowing you the flexibility to adjust to life changes when they arise.
Capitec Home Loans
Capitec, in collaboration with SA Home Loans, provides you with up to 100% of the home value for online applications and up to 90% of the home value for in-branch applications, all of which are dependent on the credit profile.
SA Home Loans will help you get a home loan for as much as R5 million with a repayment period of up to 20 years, and you’ll need to provide the following information to qualify:
01. a copy of your completed purchase agreement.
02. 3 months bank statements that are stamped.
03. 3 months most recent pay slips your SA ID.
04. copy of marriage certificate.
Why apply for Capitec Global One Credit Loans?
One of several advantages of obtaining Capitec Bank Loans is that you’ll be able to:
01. Gain control over whether you take out a personal or revolving loan, as well as when and how you spend your money.
02. You can choose your monthly repayment terms and, if your circumstances change, you can change them to accommodate your current situation.
03. Revolving loans can be paid off within 60 months, and personal loans can be paid off within 84 months.
04. You can check the available loan balance at any time, including the amount you’ve already paid back on revolving loans.
05. In a matter of a few minutes, you’ll be approved for your loan.
06. Merge all your current debts into a single, more manageable monthly payment schedule.
07. Get the option to adding a low-cost credit insurance policy that provides a retrenchment and death benefit.
Capitec Global One Credit Loans Qualifying Criteria
To apply for Capitec Loans, simply bring your SA ID, three most recent pay slips, and, if your salaries are paid into a Capitec account, your most recent three months bank statements to any Capitec branch.
Capitec Bank Insurance
Global One Credit Insurance from Capitec is intended to protect you in the case of death, permanent or temporary disability, retrenchment, and so on for credit periods of more than 7 months.
Capitec Global One Credit Loans Contact Numbers
Customer Support: +27 21 941 1377
Email: ClientCare@capitecbank.co.za
Capitec Bank’s website is www.capitecbank.co.za.
NB: Visit Our Loan Calculator Page Here
