South African banks are known for providing quality banking solutions to the country’s citizens as well as across the African continent. Capitec bank is one such institution.
The bank has grown in leaps and bounds in recent years to become of the South Africa’s best financial services providers. Its personal loan offering is designed to provide South Africans with flexible and efficient solutions to their financial needs.
About Capitec Personal Loans:
Capitec Personal Loans are offered from R5000 to a maximum of R250 000. Repayment terms are flexible and give individuals up to 84 months to repay the loan.
Further benefits offered by the bank include having immediate access to the loan as soon as you’ve been approved as well as competitive interest rates.
There is no limit on how you can use the loan. Capitec Bank Personal Loans are ideal for meeting financial needs such as paying for study fees, an unexpected medical bill or car repairs.
Applying for this loan is simple and can be completed online.
As a way of giving South Africans simplified banking solutions, Capitec has a handy Loan repayment calculator available online.
Individuals can use the Capitec Bank Loan Repayment Calculator to see how much the credit they need will end up costing them. The calculator defaults to the minimum interest rate that individuals can qualify for.
It’s important to keep in mind that information on the credit calculator is subject to additional service and initiation fees.
How the Capitec Bank Loan Repayment Calculator works:
Choose the amount from R4000, R25 000, R50 000, R100 000 and R250 000
Select how many months you need to pay it back.
The calculator will work out a monthly repayment amount.
There is an option to see the breakdown of the loan repayment, including the monthly service fee, initiation fee and Total Repayment.
To access the Capitec Loan Repayment Calculator visit www.capitecbank.co.za or call 0860 10 20 43