Capitec Bank Loans

Capitec Consolidation Loans

Capitec Bank loans have recently been increased, in terms of its consolidation & personal loan amounts, from R150,000 to a maximum of R230,000 which is significantly higher than any of South Africa’s four main stream commercial banks.

Furthermore, not only is Capitec Bank emerging as one of the leading loan providers in South Africa, but the bank is offering unsecured personal loans which they hope to be able to process within 20 minutes.

CEO of Capitec, Stassen maintains that “As far as I am concerned if someone needs R1m to buy a car and can afford it, I don’t see why he can’t go into a Capitec branch and get that loan in 20 minutes.” which is a sentiment that will please many consumers.

Capitec Fraud

Also beware of fraud & phishing attempts by unscrupulous people posing as Capitec Bank as per the tweets & warnings from Capitec Bank.

Repayments On a Capitec Loan

Just by way of an example the repayments on a high value loan…

The repayment amount on an unsecured loan of R150,000 from Capitec will be just under R5,000 per month over a 60 month period and the monthly repayment for a R230,000 loan could be about R5,000 over 84 months at an interest rate of 18.5%

So whether you need a high value loan to start a business (which is what most people say they would do with that type of money) or buy a new car, it is reassuring to know that it is possible to raise that kind of loan from Capitec.

Apply For a Loan

Just go to the following link where you will get more information & be able to apply for your personal loan online here