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Can I Get Business Loans at Capitec? Contact Information

    Are you interested in the well-known company, Capitec? Would you like to obtain the funds so as to improve your business? Let me tell you that although this company does not offer single business loans, it does have many loans that can serve for business usages. Which is why if you are here it is important to continue reading the article, as you will really profit from it.

LOANS AT CAPITECT FOR BUSINESS POSSESSORS:

Whay are loans at Capitec important?

     Capitec is concerned with the granting of loans that are hugely personalized which means that the company will only offer you a loan that adapts to your financial conditions, and that means the lowest rates and fees. Moreover, you can use their loans for multiple usages, such as to make improvements to your house, pay school tuition, purchase a new car and the list can go on forever.

What are the features of Capitec loans?

-You can obtain a maximum of R 250 000 in a period of 1 month or even 84 months

-You can observe how the application is quickly approved

-You can make monthly installments

-Repayments are fixed and must be paid on a monthly basis

-The interest rates will never surpass 12.9%

-You can use the company´s online app so as to handle your loan

-You can make use of online application

-You can apply at one of the company´s physical locations

Now, the requirements are these ones: having a decent banking and credit score and showing with a statement what is the value of the expenses you pay each month and your income.

Please remember that is also important for you to be employed at the time of applying for the many loans found at Capitec and if it happens that you are self-employed the company will ask you to give them a report with the salary you possess and the different payment dates.

Before moving on with the documentation needed, let me stress the fact that the company will grant you a special insurance for those loans that take up to 6 months, so as to cover not only the finances of the client but also its health and wellbeing.

This is the documentation needed for a loan with Capitec:

-Your Id book or card, and of course being 18 years old or more

-Showing a proof of residence which demonstrates that you currently live in South Africa

-Your latest salary pay slip

-Statements from your bank, which must be 3 months older, not more than that

-Information regarding the different transactions you make with your bank on a monthly basis

-Information of your balance

More benefits of operating with Capitec:

-You can make as many purchases as you want with Cash Back

-You can make balance inquiries

-You can make cash withdrawals

-You can easily apply by choosing several means of application

-You can have access to fixed interest rates that are very competitive

-You can make use of debit and credit card

-The bank accepts cards such as American Express, Diners Club and also RCS

-The contract will last for 30 days

-You will receive support throughout the entire loan procedure

-The company will never make you pay new fees

-You can still use your bank account

I would also like to mention the fact that the loans found at Capitec are really easy to be used since you only need to sign in the company´s website. How does that work? You must create a user and password and then enter the company´s website.

Now, before moving on with the contact information, I would like to introduce two important services offered at Capitec for Business owners that are looking forward to make their business expand or those that want to settle a business from the beginning and have no idea:



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WORKPLACE BANKING

How does Workplace Banking works at Capitec?

You probably know that sometimes it is not easy for customers to getting in time to the bank because there is strike, the bank is closed or because there is a long que and the client cannot wait tons of time inside the institution. Which is why, throughout this service customers can easily handle the loans or any other transactions they are carrying out with the bank from the comfort of their homes.

These are the benefits obtainable with the service:

-It is free of charges

-The client can choose the workplace

-The client chooses the time

-The client will never miss work because of banking transactions

-The client can become more productive

And now, the second service obtainable at Capitec:

FINANCIAL BUSINESS PROGRAM

The main feature of this program is that it is also free of charges and that it enables the company to give employees skills regarding financial sustainability that helps them save money in the long term and also make wise decisions in terms of their use of their finances.

 These are the benefits that come along with this program:

-The client can manage its finances

-The client can wisely invest and save money

-The client can find a cover for their finances

-Clients can consolidate debts

CONTACT INFORMATION OF CAPITEC FOR A BUSINESS LOAN

-There is a free phone number clients can phone, which is the following: 27 21 941 1377. That number is extremely useful when you are calling from another country too, so please make sure to keep it so you can call any time.

-You can contact Capitec in its website, where you can find information about loans, insurances, a section for help center and also the frequently asked questions.

-There is a branch of the company in Johannesburg inside shop 1 of this address: 28 Harrison Street.

In the next chart you will be given full data about Capitec also:

Quote

From R 1000 on

Interest Rate

Personalized

Telephone Number

0860 10 20 43

Address

1 Quantum Street inside the Techno Park in Stellenbosch

Working Hours

Business hours

Requirements

Your modernized bank account, reports from the bank, pays lips and ID card

Email Address

ClientCare@capitecbank.co.za

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Questions and Answers

I would like to start a business making pvc furniture. I would also be doing maintenance like electrical, plumbing and tiling. I need a startup loan
Even though Capitec Bank issues loans to business owners, they don’t finance business. They can issue a loan on your name (providing you can prove you get income enough to pay for the loan) and, you can use the funds to invest it on your company. However, you might find more suitable help with, for instance, Nedbank as, they do prepare loan to fit business needs.
I am an unemployed small business entrepreneur. I do not have a fixed monthly income as a receive salary by hand from my customers. Am I able to apply for credit at Capitec?
I regret to tell you your application will not be accepted unless you can hand in all the documents required. As one of those requirements is to show your pays lips, Capitec can’t consider you a possible client because you can’t prove your monthly income. In your case, you must look for a bank that accepts self-employed workers, like FNB.
I'm looking for a business loan of 300000.00
Sadly, Capitec does not grant that amount of money on their loans. If you can adjust the quote to just R 250000, you can take the chance to see if you qualify for it. Remember, your financial situation and credit history, among other factors, will determine if Capitec can issue the amount you request. Keep in mind, the repayment term can go up to 84 months.
I want to begin a business and need r20000 to start what must I do please. Thanks
If you have a job from which you get monthly pays lips, you can get a loan from Capitec that you can use to start your business. Yet, if your only income would be the profit you make with your starting business, Capitec may not have the answer for you. You must look for an entity that grants loans to begin a company as, they know exactly what you need and how to manage it.
I need a business loan that’s r100000
consultants to see if your affordability evaluation allows you to enjoy the loan. After you discuss your options, Capitec will present you the terms for your loan. Then, you’ll find out the cost and, decide if you take the loan.
I want to startup a business, can you assist me?
Of course we can! In this case, Capitec is not the answer as, you should already have a running business to get a loan from them. However, you can take a look at Nedbank as they have products specially customized to assist the peculiar needs businesses often have. In fact, they have one plan to assist owners when they decide to start the company.
Hi I would like to open a liquor store in Kwazulu Natal but I need finance. Can you help me? thank you
If you need funds to open a business, you must have a clear business pan first. If you already made it, you have all our documents ready and, you know the details of what you need, you can get in contact with Nedbank to see if they will accept your application for a Start-UP loan. They can assist you if you need, for example, capital to get the machinery to make revenue.
How to apply for a business loan through Capitec?
The first step to get a loan from Capitec for your business is to get the documents you have to present. They’re the same as for personal loans with Capitec. Besides, the registration of your business is imperative. It can be registered as CC, Ltd, Pty Ltd, Inc. or Association not for gain. Then, you have to visit one of their branches as, they don’t permit online application for loan business yet.
Can Capitec help my company with a loan of r150 000.00 to start a 4 months contract awarded by municipality? That will help the company to be known and also be able to develop hidden talents in rural communities
You can get help from Capitec but, you must know the loan will be issued on your behalf. This means, it will be issued like a personal loan on the client’s personal capacity with the purpose to improve the business and, Capitec will consider the profit you make with such business to check affordability.
Can I get a loan at Capitec to start a business?
No, what Capitec offers are loans to clients which are self-employed and are business owners. The meaning of this is that they consider people who are, for instance, shareholders capable of supporting the cost of a loan thanks to the profit they make form their company. The business must be already running to get the loan approval.
I have a business account at Netbank, but there is no movement of cash. Now, I got a tender of 1,900,000,00. So I need money to start the project
Unluckily, Capitec bank’s maximum quote to borrow money is 250000 rands as, they mainly focus is Personal loans. When clients take business loans, they do it in their personal capacity. This means, those loans are issued based on the person’s affordability, not on the business profit. You may take a look at Standard Bank as, they offer a more complete package for businesses.
I need a loan to start a house renting business, so I need money to build that property
Capitec grants a maximum of R25000 per loan request. If you think you can take advantage of that amount to start your business, you can send them your loan application. However, bear in mind, that they don’t grant loans to self-employed and, that the business has to be registered on Association not for gain, Inc., Close Corporation, Public or Private company or Trust.
Hi. My name is Rosina and I want to open a business but I don’t have enough money. I need a loan from Capitec. I want to make rooms for people to stay there and pay me every month.
Hello, Rosina. Before thinking about a business loan, you have to be sure to receive a steady income every month to be able of cancelling the installments. If you relate to this situation and think your income can afford the payments, you can contact Capitec for them to study your economic condition and decide on the best offer for you.
Can l get a loan to start a business using my bank details? Because I'm not working but I have fashion designer talent
Unfortunately, it’s imperative you have already a regular income or profit for Capitec to accept your loan application. They decide not to grant loans to self-employers like, for instance, freelancers. Actually, you probably won’t find an entity granting a high amount of money if you can’t prove a monthly income. Another alternative could be if you present a guarantee of the loan, that is, you secure the money borrowed with an object of high value.
How long does it take to apply for a loan?
Applying for a loan at Capitec is a simple procedure to carry on. All the same, it may take longer if any document you submit presents any type pf problem. That’s why, it’s important you make sure they all read clearly and, they comply with what Capitec asks for. Apart from that, you will have to wait for a few days until the company processes and sets your loan terms.
I have an existing business that it’s been almost 7 months in operation, my monthly return is r107000 with r27000 in swapping machine. Can you assist me with an amount of r125 000? I have a collateral as a security
I want to clarify that Capitec grants business loans but, not on the business capacity but the client’s. What Capitec allows is that those who receive their monthly income from their business have a chance to get a loan. The company evaluates your credit record before accepting your loan request. So, upload your information to Capitec to have the official answer.
Is a business plan needed?
Any company you work with, will analyze the chances of success your business has as, they won’t lend money if they’re not sure about that company being able of returning it. What’s more, any business needs a plan to start working so, when you do it, you may show them to Capitec as support of your company profit.
I need a r80 000 loan to purchase a car for my business, please advise as to what is required from me to see if I qualify for the loan
Capitec only asks their applicants to prove their income, basically. Apart from your South African document and proof of address, of course. As you say you own a business, there is one requirement your company must follow: Capitec will check your company is registered as a corporation, association, Incorporated, trust or, public / private company. Of course, you need to prove your company makes sufficient profit.
Can I obtain a loan for my child´s tuition?
Yes you can
I currently have a small business which I would like to expand. Will I be able to apply for a business loan?
Of course! In fact, Capitec sure has exactly what you need to expand your business. This bank will assess your financial affordability to select the best rates and terms for your economic situation. Then, you’ll have up to 84 months to cancel the credit. A detail you probably want to know is that interest rate starts at 12.9 %.
Is it possible to pay every two months?
No, every month repayments should be made
Hi I'm a restaurant owner interested in buying a coffee shop. How should I apply for a business loan? Thanks
The first thing you must pay attention to is to gather the documents: your ID, salary slips and bank statements where your income is reflected. Also, your biasness must be registered as Incorporated, Close Corporation or Trust, for example. After those two points, you have to visit Captec’s office with all the documents as, this kind of loan can’t be asked online.
Can I obtain an insurance?
Yes you can
I need a cash loan of r30000
Excellent! You just have to get together the documents they need to check your qualifications and to calculate the terms of your loan. After that, you’ll be capable of analysing if what they propose works for you. The good news is that, as they take into account your particular situations, the chances of getting terms you can benefit from are high.
What are the requirements for a business loan application?
On one side, as regards you, it’s necessary you present your document as a South African residence, pays lips and bank statements. On the other side, as regards your business, it’s obligatory you have registered it. The possibilities are as Trust, as Close Corporation, as Incorporated or, as Private or Public company. The last requirement is that you visit a Capitec branch to start the application.
Why can i as a business owner and director of a attorneys company not get a loan . I was at capitec worcester and the system can not authorise my loan. Our turn around is r750 000 a year. Please help. Heinrich snyman attoeneys inc 0711367467/ 023 3421001
Do you make use of purchase order funding. Thanx
I need a business loan for a tender on monday that's r100000
We are two need to be assisted financial franchise finance this story is running as we speak . This owner is trimming down too many stores his got. Both of us have properties
We were awarded a multimillion contract and need funding. How can you assist

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