Capitec

Capitec offers a range of low-cost financial services ranging from simple savings accounts to larger personal loans.

As one of South Africa’s fastest-growing banks, they’re expanding their product range to meet the fast-evolving needs of their clients.

If you need to affect some cost-savings when it comes to banking and lending, this lender is particularly a great choice.

Their rates on everything from banking accounts to personal loans are highly competitive and can ensure more savings than you’d get even from the top 3 banks in the country.

Capitec’s commitment to financial education

Capitec cares about its customers and wants you to make the right choices no matter where you are in your financial journey. From transactions to savings and borrowing, they believe that it’s important to be in the know.

Whether through social media, via their website, or in person at their various branches, they deliver high-impact educational resources.

These resources are carefully put together to appeal to South Africans from all walks of life and help you make the most informed financial decisions.

A transparent banking partner

Being transparent means many things to many different people.

To Capitec, it means ensuring you know exactly what you’re getting and how much it’s going to cost you from the word go.

This level of transparency ensures you’re put in the position to pick which products suit you best and which simply won’t do.

Approaching debt with a plan

While Capitec strives to get customers to focus on saving rather than creating debt, those who are in mounds of debt still have options.

One such option is Capitec’s affordable debt consolidation loans which can go a long way in relieving a difficult financial problem.

Capitec offers a comprehensive range of banking and lending services from personalised borrowing to their Global One technology, which they deliver.

Looking for a solution to mounting debt?

Capitec offers a personal loan that ranges from R500 to R250,000 which doubles as a debt consolidation loan. Given its flexibility, low-interest rates, and lack of initiation fees, this product has been used by thousands to consolidate debt and free up some income for everyday living.

Are you ready for a change?

When it comes to debt, things can quickly spiral out of control and cause difficulties in making it through to month-end as well as in managing payments. If this has happened to you, considering a debt consolidation loan may be the right choice.

Debt consolidation allows you to take a range of smaller, typically unsecured debts and roll them neatly into one personal loan. This loan comes with fixed monthly installments so you always know exactly what you need to pay and when you’ll pay the loan off completely.

This aids in budgeting and laying out both your short-term and long-term financial goals. Whether you’re approved will be based on your credit profile as well as the assessment of your affordability which looks at your income and expenses.

Up to 84 months to repay

Capitec offers you up to 84 months to repay your loan which means you can reduce your monthly installment to an amount that’s comfortable.

Their interest rates are among the lowest on the market starting at just 12,9% - an interest rate that will ensure you save through consolidating.

When debt consolidation may be a bad choice

If your debts are small or you’ll be able to pay them off in just a few months, debt consolidation may very well make your situation more difficult.

This is because while debt consolidation will reduce your monthly repayments, you’ll be paying interest for a far longer time period. This means your debt will cost you much more in the end.