Compare the best loans of South Africa and find the lowest rate
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:
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:
From R 1000 on
0860 10 20 43
1 Quantum Street inside the Techno Park in Stellenbosch
Your modernized bank account, reports from the bank, pays lips and ID card