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How Do Capitec Bank Loans Work in East London? Calculator and Contact Information

Stop asking yourself how to finance purchases. If there is anything you want in the market, get money in an easy way: with Capitec Bank.  Capitec has programs that guarantee financial aid to most South African’s citizens, especially those who live in East London.

                In this post, we will try to focus on the wide variety of lending programs that Capitec Bank has available for East London’s residents. There follows a list of loans their respective interest rates as well as highly convenient periods of financing. We will also include prospective quotes you will pay for some loans. And finally, we will show you how it is possible to get in touch with Capitec.

                Let’s start describing some of the loans that you can choose from:

a. Personal loans: in case you are interested in buying a new car or to go on vacations, you can resort to personal loans. By means of this programs, you can borrow from a minimum of R4000 to a maximum of R25000. The money can also be used to buy appliances or furniture and even to remodel your home. As far as financing is concerned, there are interest rates that range approximately from 13% to 28% and terms go up to 7 years.

b. Multi loans: multi loans are featured by quick and easy application. In a matter of minutes, you will have access to money, up to an amount of R4 000 to cover any unexpected expense. It is important to say that you can apply for more than one multi loan without the need of paying off any of them. Regarding financing, there are terms of up to six months to repay this plan.

c. Home loans: in addition to cash money for a variety of usages, you can also get money for a specific purpose: home purchase. Capitec, in partnership with SA Home Loans, offers home loans so as to facilitate the acquisition of your dream home. You can borrow up to an amount of R5million to get your home. You can also spend the money in home improvements. Interest rates and financing are as convenient as in the rest of the programs.

                In order to show you some specific examples about how to finance the money you borrow, we selected some specific amounts and calculated possible payments:

                *You may want to apply for a loan of R250000. Let’s imagine that you can ask for one of the lowest interest rates available: 13.2% because you choose a short financing period: 1 year. As a result, you will have to pay 12 installments of approximately R2411. If you want to finance the same amount in 2 years, interest rates may increase and reach up to 16.4%. In this case, you will have to pay approximately R820 for 24 months.

                *Let’s calculate now with a lower loan. Imagine you just need R100000. Similar to the previous example, you can choose to repay the loan in 1 year with the minimum interest rate of 13.2%. Quotes will be of approximately R9117 during 12 months. If you prefer a longer term, such as 4 years, interest rate can reach 18%.  In this case, quotes will be of R3041 during 48 months.

                Once you know about the details about the loans and you are interested in any of them, let’s see how you can have access to them. First of all, you can visit branches in person in the following addresses:



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-One office in East London can be found at 126 Oxford St, East London, 5200, South Africa.  You can also contact agents by phone calling 860 102 043.

-Another location is in 3 Park Gates Rd, East London, 5259, South Africa. In case you want to contact the company by phone, please call 860 102 043 during the same office hours.

                If you want to get Capitec services from the comfort of your house, you can also resort to other ways and they are the following:

Via internet: in the official webpage and read more about the programs. What is more, you can make use of the online calculator to estimate possible payments during the loan. And finally, you can also apply for loans with a single click. In case you have questions or comment, please write e-mails to the following address: ClientCare@capitecbank.co.za.

By phone: apart from the exclusive phone numbers that are available in each branch, there is a general line you can call so as to apply for loans by phone. The number is 0860 10 20 43 and it is available for current or possible clients 24 hours, seven days of the week.

Important information about application

                               It is important to know that applicants should be older than 18 with identification number.  Besides, you need to prove the authenticity of your address with a tax. And last but not least, you should have the last three slips. If you are self-employed, it would be hard to apply due to the fact that you don’t have the last requirement.

                After reading this article, it is possible to affirm that money issues can be avoided if you reside in East London. There are many branches located all around the city of East London waiting for you so as to give you money in the most convenient ways. Capitec has mortgages to afford home purchase, multi loans to affront unexpected expenses and personal loans to buy whatever you need. Stop looking for a way to relieve financial pain, go to Capitec and buy all you need.

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Leave your questions or comments

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Questions and Answers

Can I borrow money if I am self-employed?
If you are self-employed, it would be hard to get money from this company.
Which is the maximum financing period available?
The maximum financing period is 84 months.
Can I refinance loans?
Refinancing loans are not available.

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Rating: 5
Comment: You can contact Capitec at weekends!
Rating: 5
Comment: Capitec have a great team of agents.
Rating: 5
Comment: I got 3 multi loans at a time!

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