Access to a temporary loan is one of the issues that small and medium businesses and individuals face in South Africa. It might be difficult to get a loan if you have little collateral or a bad credit history. With a customizable repayment schedule, each lending facility is intended to match your everyday needs. So, how can you apply for a Capitec temporary loan?
In South Africa, Capitec Bank has made it simpler to secure finance. On March 1, 2001, the retail bank was established, and the following year, it was floated on the Johannesburg Stock Exchange. The financial firm has expanded to compete with some of the country’s top banks throughout the years.
Is it possible for Capitec to lend me money?
Absolutely, based on your financial situation and credit history, you may be eligible for a Capitec loan. To begin, you may use your smartphone to establish an account from the comfort of your own home. To establish an account, all you’ll need is a South African ID or passport, as well as a few selfies.
In 2022, the following credit options for salaried people will be available.
Capitec Personal Loan
Your eligibility for a Capitec personal loan is determined by your financial status and profile. You can borrow up to R250 000 over a period of 1 to 84 months. Choose the amount you wish to pay, the monthly payment schedule that works best for you, or the low-interest option.
Capitec Credit Cards
With just one card, you can take care of all of your banking requirements. When you apply for this option, you will be given a credit limit of up to R500,000.
Capitec Access Facility
It’s a type of flexible financing that allows you to maintain control over your finances while also providing you with piece of mind. You can obtain up to R5,000 for up to 9 months. After that, you may contact the bank for further information on specific documents and business needs.
Home Mortgage Loans from Capitec
This plan allows you to get a home loan ranging from R100,000 to R5 million. To begin, fill out an online application to get up to 100% of your bond authorized. Then go to capitecbank.co.za for an online estimate or go to a Capitec branch for an estimate of what you could be qualified for.
Credit Insurance from Capitec
Choose Capitec Bank’s low-cost credit insurance for added protection. This option is essential for credit terms of 7 months or more to cover death, permanent or temporary disability, and unemployment.
Temporary Loan from Capitec
This is a short-term credit facility that must be repaid in full at the end of the month. To apply for the loan, you must have a minimum of R1500.
This option is available depending on a customer’s credit score and the loan affordability. Call Capitec bank for assistance with how to repay a late payments on the loan on 0860 10 20 43 if you have any issues of meeting deadlines.
Is it possible to acquire a loan from Capitec without a payslip?
Indeed, you can get a Capitec loan without a payslip, even if you don’t have proof of income such as a payslip you however must own a registered functioning business.
So, how do I go about getting a Capitec loan?
If you are 18 years old and a South African citizen, you are eligible for a Capitec loan, and there are several options to apply for a temporary loan with Capitec including:
Through online banking
For further information, go to the Capitec website page. Your information will be checked when you apply for a loan, and if you are approved, monies will be sent straight into your bank account.
Mobile banking
If you have enrolled for mobile banking, call 1203279# from a cell phone and follow the prompts.
Mobile App
Capitec’s mobile app allows for both Android and iOS devices allows you to apply for a loan after logging in with your credentials.
Branch
Applicants can also use their nearest bank branch to apply in person.
