Capitec banks meteoric rise to be a reliable financial institution in South Africa can be attributed to the fact that this bank has adopted simplicity in providing its products and services to the public. Simplicity coupled with the effective use of technology has enabled Capitec to offer diverse products and services to its ever-growing clientele. One of those products is the multi-loan.
The multi-loan is a monthly loan tailored to assist individuals and families meet their daily needs or tackle unforeseen emergencies.This loan can be offered with a maximum amount of up to R100,000 and it comes with a credit life insurance to those between 6 to 48 months. Interest and fees are only charged on the funds that you advance which implies if you are approved for a R3,000 multi loan and you advance R500 while out on the town, you will only pay interest and fees on the R500.
Some of the benefits attached to this loan include the fact that the cash is available immediately after approval, this loan can be reviewed every 12 months, if you are a client of Capitec and the salary is deposited with the bank, you can qualify for lower interest rates, if you pay on a monthly basis you can qualify for a minimum of 1 to a maximum of 48 month loans and those on a weekly basis qualify for minimum of 1 month to a maximum of 12 months.
This loan continues to empower individuals and families.To access this finance, Capitec can be contacted on 0860102043 and trained consultants will be on hand to assist.
