The Capitec Home Loan product is offered in partnership with SA Home Loans. Offering loan amounts up to R5 million, the Capitec Home Loan is available with up to 240 months to repay.
Applying for a Capitec Home Loan is simple and the actual amount you qualify for will be based on you credit profile and affordability. The bank removes the hassle and stress of getting a mortgage and also offers low fees.
The bank’s 7.3 million customers are offered individualised service throughout the 720 branches nationwide.
What factors are used to determine affordability?
- Disposable income
- Individual Credit Record
- Length of time the applicant has been in their current job
- Size of the deposit
Tell me more about the Capitec Home Loan Application?
To apply for a Capitec Home Loan, you can visit any Gauteng branch, or selected Kwa-Zulu Natal or Western Cape branches and speak to a service consultant.
You need to between the ages of 18 and 60 years old and not be under debt counselling.
A verbal confirmation of a signed offer to purchase is needed.
After applying, an SA Home Loans consultant will contact you in 2 working days.
Documents you need for the Capitec Home Loan Application process:
- Valid South African ID
- Copy of signed offer to purchase
- Copy of marriage certificate or antenuptial contract
- Latest 3 months’ salary slips
- Latest 3 months’ bank statements
You can expect approval within 5 working days after all documents have been provided
Capitec Bank Home Loans can be used to finance home improvements or for purchasing your first home.
Capitec also provides free retrenchment and death cover for loans longer than 6 months. If you’re retrenched when the loan is less than 3 months you get cover of 50%.
With fixed monthly instalments you are assured of consistency which enables you to budget better.
Contact Capitec by calling: 0860 10 20 43.
Visit their website here: www.capitecbank.co.za