How do I Apply for a Capitec Loan Online?
One of the miracles of the 21st Century has to be being able to do things online. Who doesn’t love this? We live in hectic times, and having to make lines can be a waste of time for us. It may even cause us trouble at work! This is not only good for customers, banks also benefit from offering online platforms where their clients can operate on. In this way, their branches are not crowded with people at all hours.
Capitec Bank is no different. They do have an online platform where you can start applying for your loan. You only have to fill in the application with your personal and financial information. Also, they have a cellphone application that you can download to your phone to start applying for your loan. The app is available bot for Android and IOS devices.
What Documents do I need to Apply for a Loan at Capitec Bank?
In order to qualify for a Capitec Bank loan you need to be a South African resident, over 18 years of age, and have a steady job. This is standard in almost all lending companies. When you take out a loan under your name, you are responsible (and liable) for it: the bank needs to make sure you know this.
Capitec Bank needs certain information to make you an offer, that is, how much money they will be able to lend you, in what term period and with which interest rate. Also, they need this info to verify that you will be able to repay the loan. For this, they need these documents:
- Your ID
- The last pay stub
- A bank statement of an account under your name where you’ve been deposited your last 3 salaries