The loans Capitec bank offers can help you out of a very sticky situation. You may have a house you want to pay off, buy car parts, purchase a vehicle or study; whatever the reason is for you wanting to borrow money doesn’t matter, as long as you know that the repayments will not be a problem. The finance might be for personal reasons, either way; you can apply at the nearest Capitec branch. You have to have an account in order for you to apply for finance and you must also have a good credit record with no history of bad payments.
When you are interested in the Capitec bank loans on offer, you should know that you can choose between 1, 3, 6, 12, 18, 24, 36 and 48 months in which you would like to pay the money back in. It may sound nice to do your repayments in 48 months, but then remember that you will be paying back more interest on that borrowed cash. Before you get an application for finance, you have to make sure your credit record is positive before you attempt to borrow money for personal reasons or when you need to buy car accessories or parts.
You can borrow loan amounts of up to R100 000 from Capitec if you qualify for that much and the ideal thing about borrowing from them is that in many cases the cash is available immediately; you don’t have to wait seven working days for your application to be processed and there is no paperwork. This South African bank is definitely a decent route for you to go if you are looking to borrow some cash, short or long-term. There is a lot for you to decide on, so take some time to make a decision regarding which of the loans this bank offers would be best for you and which terms you should take it out on.