For individuals looking to buy a vehicle, taking the time out to compare as many options as possible is always advisable. When looking for vehicle finance, it’s important to consider factors that may be unique to you as well as what type of finance will work for you.
Capitec Bank, established in 2001, is a financial services provider that specialises in creating simplified banking solutions for its clientele.
The credit facilities offered by the bank are designed to tackle even the most complex financial needs that consumers may have.
Global One Credit:
Global One Credit is a credit facility whereby the loan amount that is granted is based on individual credit profiles and affordability.
Up to R250 000 in credit is offered. Before you apply for this loan, use the credit calculator on the Capitec website www.capitecbank.co.za to see how much you need and the length of time you need to repay it. The maximum repayment term is 84 months, so you will have more than enough time to repay the loan at a comfortable pace.
Once you have been approved for the loan, the money is immediately available in your transactions/savings account. You can use this loan as Capitec Bank Vehicle finance.
You also get to benefit from fixed monthly repayments as well as free retrenchment and death cover.
What are the qualifying criteria?
- Be at least 18 years old
- Be employed
- Be employed by your current employer for longer than 2 months
- Provide your latest bank statement
- Have a salary that is paid into your bank account
You will also need to provide documents such as your valid South African ID, your original proof of residential address and your latest payslip.
To find out more about Capitec Bank Vehicle Finance, call: 0860 10 20 43