Capitec is currently the second largest player in the unsecured lending credit sector in South Africa. This may be partly due to the significantly higher credit amount the bank offers in personal loans. Clients can get as much as R230 000, which is substantially more than what other lenders are willing to provide. As one of the top five banks in South Africa, Capitec’s expanding client base continues to rely on its services as a trusted credit provider.

Personal loans are repayable within 84 months, giving clients a comfortable repayment period and without major strain to their pockets.

The Multi Loan offers clients short term solutions in the form of finance up to R4000. As a pay day loan, Capitec expects repayment from the client within 31 days. No collateral is needed from clients. Multi Loans amounts may also be transferred into the client’s savings account, for the convenience of the client.

Interest is charged on Capitec loans at varying amounts. The rates offered by the bank are competitive and result in reasonable repayments for clients every month.

Individuals who get their salary deposited directly into their Capitec Bank accounts will however, be charged lower interest rates than individuals who use another bank account. Loans are based on individual credit profiles and affordability. Applying for loans at Capitec is made simpler by their trained consultants who are always ready to assist.

Visit any Capitec branch or visit their website www.capitecbank.co.za for more information about the best loan products to suit your individual needs.

Alternatively, call 0860 10 20 43.