Compare the best loans of South Africa and find the lowest rate
Are you in a rainy day? Do you think that Capitec may help you? If you live in Kimberley and you are in search of financial help, you have found the solution to your problem. In this article, we will answer some typical questions that come up when it comes to lending programs. Such questions are based on the loans that Capitec Bank has ready for people who live in Kimberley and its surroundings.
What are the most convenient LOANS granted for Kimberley’s residents?
For around 15 years, Capitec has developed many lending programs so as to meet all the needs of their prospective of current clients. Some of them have the following details:
a. Personal loans: by applying for personal loans, you will be able have the amount of money you need to buy new furniture or to finance car purchase immediately. If you are interested in these programs, the amounts of money available go from a minimum of R4.000 to a maximum of R250.000. Financing terms can easily be adjusted to your needs. These loans boast quick application process and easy access to money.
b. Multi loans: with multi loans, getting cash money is even easier. Although the maximum amount of available is lower, R4.000, you can ask for such amount all the times you need it. These programs are advisable for to finance unexpected expenses that may appear on the road. Financing periods are also flexible. It is impossible to ignore that you can ask for a multi loan once a month.
c. Home loans: if you are thinking about how to finance a home purchase in Kimberley, Capitec has special lending programs available. In order to facilitate money, Capitec works with the SA Home Loans. These two associations work together so as to grant up to a maximum of R5 million to buy the home you prefer. You can even use a part or the money to buy a home, and the rest to make improvements.
What RATES are available in Capitec Bank?
As far as rates and financing periods are concerned, they depend on the amount of money borrowed, the financing periods chosen and other factors. However, we can affirm that interest rates usually go from 13% to 28%. Regarding financing terms, you can choose the most convenient period from 1 month to 7 years.
How much do I have to pay for a loan of R25,000?
Imagine you need R25,000 to pay an old debt or to buy a car. If you want to repay the loan in 1 year -12 payments- you can pay an interest rate of 13.2%. Taking these figures into account, you will have to pay 12 installments of near R2,411. If you prefer a longer period, you can choose a financing term of 2 years. For this period, the minimum rate available is near 16%. As consequence, you will pay near R820 for two complete years.
And for a loan of R100,000?
For more money, please ask for R100,000. You can finance this amount of money in a short period, a year for example, paying a minimum interest rate of approximately 13%. In this case, you will pay 12 installments of R9,117. However, you can also finance this loan in a period of up to 4 years. In this case, interest rate can reach 18%. As a result, you will pay 48 payments of approximately R,3041.
What are the requirements of a Capitec Bank Loan?
As far as requirements are concerned, there is a guideline to follow to apply for a loan. First of all, you must be 18 years old or older. You will be required an identification number. In the second place, you will have to prove your original address with any tax invoice. And last but not least, you will have to present your last paycheck stubs and three deposits of your salary. Self-employer will find it difficult to get a loan from Capitec.
Where can I find offices of Capitec in my city?
There are many offices of Capitac Bank in Kimberley that you can visit in person. Some of them are can be found in the following location:
-Trust Bank Building, Jones St, Kimberley, 8301, South Africa. In this case, doors are open everyday. Even on Sunday!You can call the bank by phone dialing up 860 102 043.
-Lennox & Shop 14A, Chapel St, Kimberley, 8300, South Africa. If you live near this address, you can visit agents during the week at typical banking hours. If you want personalized attention from your living room, you can contact the bank to the following number: 860 102 043.
Can prospective clients contact the bank by other means?
Currently, there are other ways to contact Capitec. If you take advantage, take a look at the official webpage or send e-mails to representatives. The address is ClientCare@capitecbank.co.za. Besides, there is a general phone number to contact with agents that is 0860 10 20 43. The line is open 24/7.
To conclude, regardless of needs, Capitec is ready to help you. The bank designed a system of loans that aims at solving whatever financial trouble you may have. You can borrow money to finance the purchase of home, to afford deserved vacations, to consolidate old debts, to affront medical expenses, to pay for proper education and even to make home improvements. Don’t leave money be a hinder to happiness if you live near a Capitec Bank branch. Visit it, and start enjoying the kind of live you and your family deserve.