Being able to buy the car of your dreams is something that can be easier with the help of a finance solution. The reality is that the prices of cars in South Africa are quite high, so most people can’t afford to buy the cars of their dreams using their own cash upfront. This is why it can be quite helpful to get a loan. The bank has a range of banking products and services available to South Africans which are designed to cater to their individual needs.
Capitec Bank offers up to R250 000 in finance, which can be repaid over 84 months.
This banking institution is a specialist provider of simplified banking. Since inception in 2001 this bank has grown to cater to millions of individuals.
This loan can be used as Capitec Bank Car Finance, allowing people to be able to afford to buy the car of their dreams.
What are the benefits?
You can use your cash to pay for your other needs. By getting a Capitec loan, you can spread the cost of the loan over a number of months or years.
The loan is offered with fixed monthly repayments, so customers can budget better. They will know exactly how much they’ll need to repay on a monthly basis.
The money is available immediately in your transaction/savings account after approval.
Credit insurance is offered for loans of 6 months or longer. This ensures that the loan is repaid in the event of your retrenchment or death.
What are the qualifying criteria?
- Valid South African ID
- Be at least 18 years old
- Provide original proof of residence
- Provide your latest salary slip
- Provide your latest 3 month bank statement
Applying is easy and can be done online here: www.capitecbank.co.za