{"id":8864,"date":"2024-03-06T13:06:08","date_gmt":"2024-03-06T13:06:08","guid":{"rendered":"https:\/\/collegeguide.co.za\/?page_id=8864"},"modified":"2024-03-06T13:06:08","modified_gmt":"2024-03-06T13:06:08","slug":"capitec-loan","status":"publish","type":"page","link":"https:\/\/forms24.co.za\/data\/capitec-loan\/","title":{"rendered":"Capitec loan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Move to a simpler way to get credit. Get an estimate online or use our banking app to apply for a loan of up to R250 000. You\u2019ll get a personalised offer based on your affordability, and you can choose between the amount you want, the lowest monthly instalment or the lowest interest rate, starting at 12.9%.<\/p><div id=\"forms-50620464\" class=\"forms-atf forms-entity-placement\" style=\"margin-top: 15px;margin-bottom: 20px;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads atf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"8381596201\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Get a new home loan<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Buying a new home is exciting! To make the best decisions, it&#8217;s important to understand the process and what to expect. Before you start shopping around, you can use our&nbsp;<a href=\"http:\/\/www.capitechomeloans.co.za\/\">affordability calculator<\/a>&nbsp;to get an idea of how much you could qualify for. It will also give you a list of costs you need to prepare for when buying a new home.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once you&#8217;ve found your dream home and have signed an offer to purchase the property, you can&nbsp;<a href=\"http:\/\/www.capitechomeloans.co.za\/\">apply online<\/a>&nbsp;in 4 easy steps.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more in frequently asked questions&nbsp;<a href=\"https:\/\/www.capitecbank.co.za\/help-centre\/faqs\/\"><u>here<\/u><\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Switch your existing home loan<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you switch your existing bond to Capitec Home Loans, we may be able to offer you a more competitive interest rate on your home loan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By moving your bond, you could pay a lower interest rate and monthly instalment. This will free up some money in your monthly budget.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other possible benefits include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Access to any extra value in your property (known as equity \u2013 a once-off cash amount you could get out)<\/li><li>Use any equity you get to reduce your short-term debt, do home improvements or towards education<\/li><li>You don&#8217;t have to worry about paying new bond or home loan registration fees upfront. You can finance these costs as part of your Capitec home loan<\/li><li>Switching your bond is a simple process. Complete the application online in 5 \u201310 minutes and we\u2019ll take care of all the paperwork<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Read more in frequently asked questions&nbsp;<a href=\"https:\/\/www.capitecbank.co.za\/help-centre\/faqs\/\"><u>here<\/u><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you need to do home improvements, pay for your children&#8217;s education to secure their future or buy a reliable car to get your family there safely \u2013 living better starts when you get credit for the right reasons.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;<strong>personalised loan<\/strong>&nbsp;means that you get the best offer based on your profile and your need, with lower fees and at the best possible interest rate. Remember that the term will affect your instalments, so be sure that you&#8217;ll be able to repay the monthly instalments over the whole term.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Get up to&nbsp;<strong>R250 000<\/strong>&nbsp;over&nbsp;<strong>1 \u2013 84 months<\/strong><\/li><li><strong>Choose<\/strong>&nbsp;between the&nbsp;<strong>amount you want<\/strong>, the monthly&nbsp;<strong>installment that suits your pocket<\/strong>, or the option that gives you&nbsp;<strong>the lowest interest rate<\/strong><\/li><li>Credit is&nbsp;<strong>approved in minutes<\/strong>&nbsp;and the&nbsp;<strong>money is available immediately<\/strong><\/li><li>Pay fixed monthly repayments<\/li><li>Get interest rates&nbsp;<strong>from 12.9%<\/strong><\/li><li><strong>Consolidate<\/strong>&nbsp;all your&nbsp;<strong>existing loans for easier monthly repayments<\/strong><\/li><li><strong>Add affordable credit insurance<\/strong>, including&nbsp;<strong>retrenchment and death cover<\/strong><\/li><li>Manage your credit using&nbsp;<a href=\"https:\/\/www.capitecbank.co.za\/help-centre\/how-to\/get-the-app\/\">our app<\/a><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">ways to apply<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/vbank.capitecbank.co.za\/Web#\/credit-application-information\" target=\"_blank\" rel=\"noreferrer noopener\">Online<\/a><\/li><li>On our app<\/li><li>Visit&nbsp;<a href=\"https:\/\/www.capitecbank.co.za\/branch-locator\/\">your nearest branch<\/a><\/li><li><strong>Call<\/strong>&nbsp;us on&nbsp;<strong>0860 66 77 89<\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Your offer is based on your affordability and credit profile<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Your banking and credit history<\/li><li>Your income and expenses to see how much you can afford<\/li><li>How stable your source of income is, to make the best offer<\/li><li>You choose the credit amount that you want<\/li><li>You choose the monthly installment that suits your cash flow or the option that gives you the best interest rate<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">credit insurance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.capitecbank.co.za\/global-one\/credit\/credit-insurance\/\">Credit insurance<\/a>&nbsp;is required for credit terms of 7 months or longer to cover death, permanent or temporary disability, unemployment, the inability to earn an income or retrenchment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your credit life insurance premium is charged monthly at a Rand amount per every R1 000 of the outstanding balance. This means that the less you owe, the lower your monthly credit insurance premium becomes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/vbank.capitecbank.co.za\/Web#\/credit-application-information\" target=\"_blank\" rel=\"noreferrer noopener\">Get an online credit estimate<\/a>&nbsp;to see how much credit you qualify for or get more information about our&nbsp;<a href=\"https:\/\/www.capitecbank.co.za\/global-one\/credit\/credit-insurance\/\">credit insurance<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.capitecbank.co.za\/global-one\/credit\/insurance-claims\/\">claims process<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Documents you need when applying<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Original identification document (must be 18 years or older). If your name and\/or surname differs from your identification document, a marriage certificate, divorce court order or name change letter will be required.<\/li><li>Latest salary slip<\/li><li>Any original bank statement showing your latest 3 consecutive salary deposits into an account in your name (an over-the-counter bank statement must be stamped)<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Term loan rates and fees<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><td><strong>Loan amount (R)<\/strong><\/td><td><strong>25 000<\/strong><\/td><td><strong>50 000<\/strong><\/td><td><strong>100 000<\/strong><\/td><td><strong>250 000<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Term (months)<\/td><td>12<\/td><td>24<\/td><td>48<\/td><td>84<\/td><\/tr><tr><td>Interest rate (%)<\/td><td>12.90 &#8211; 24.50<\/td><td>12.90 &#8211; 24.5<\/td><td>14.20 &#8211; 24.50<\/td><td>16.30 &#8211; 22.40<\/td><\/tr><tr><td>Credit life insurance R\/1000 per month<\/td><td>4.00 &#8211; 4.50<\/td><td>4.00 &#8211; 4.50<\/td><td>4.00 &#8211; 4.50<\/td><td>4.00 &#8211; 4.50<\/td><\/tr><tr><td>Monthly service fee<\/td><td>69<\/td><td>69<\/td><td>69<\/td><td>69<\/td><\/tr><tr><td>Once-off initiation fee (R)<\/td><td>1 207.50<\/td><td>1 207.50<\/td><td>1 207.50<\/td><td>1 207.50<\/td><\/tr><tr><td>Monthly repayment (R)<\/td><td>2 468 &#8211; 2 623<\/td><td>2 618 &#8211; 2930<\/td><td>3 095 &#8211; 3 707<\/td><td>5 815 &#8211; 6 884<\/td><\/tr><tr><td>Total repayment (R)<\/td><td>29 616- 31 471<\/td><td>62 834- 70 308<\/td><td>148 566 &#8211; 177 945<\/td><td>488 454 &#8211; 578 254<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Please note that these are examples only. You can choose any term for your loan (up to 84 months) to make your monthly repayments more affordable. Your actual credit amount and credit interest rate will be based on your individual credit profile and affordability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">credit for business owners<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To apply for a business loan, your business must be registered as one of the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Association not for gain<\/li><li>Close Corporation (CC)<\/li><li>Incorporated (Inc)<\/li><li>Public (Ltd) or Private company (Pty Ltd)<\/li><li>Trust<\/li><li>Read more about our credit solution for businesses here<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note<\/strong>: We cannot grant credit to informally self-employed individuals, including freelancers and sole traders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Download our free\u00a0<a href=\"https:\/\/www.capitecbank.co.za\/globalassets\/pages\/global-one\/good_for_credit_booklet.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Good for Credit booklet<\/a>\u00a0for tips on how to handle credit.<\/p><div id=\"forms-3519101878\" class=\"forms-content forms-entity-placement\"><div style=\"width: 300px; padding: 20px; margin: 0 auto; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; text-align: center; font-family: Arial, sans-serif;\">\r\n    <p style=\"font-size: 16px; margin: 0 0 10px;\">Need Information or Confused about Something ? <\/p>\r\n    <a href=\"https:\/\/onlineapplications.co.za\/ask\/\" style=\"display: inline-block; padding: 10px 20px; background-color: #007BFF; color: #fff; text-decoration: none; border-radius: 4px; transition: background-color 0.3s;\">Ask a Question<\/a>\r\n<\/div>\r\n<\/div><div id=\"forms-1237377047\" class=\"forms-btf forms-entity-placement\" style=\"margin-top: 15px;margin-bottom: 20px;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads btf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"5513273173\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n\n<iframe loading=\"lazy\" width=\"765\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/k3lQuigb90E\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<div id=\"forms-499231702\" class=\"forms-cpc forms-entity-placement\"><hr>\n<h1>Did You Know : Top 15 Free Online Learning Platforms<\/h1>\n\n<ol>\n  <li>\n    <strong>Free Online Education Degrees : Coursera:<\/strong>\n    <p>Coursera partners with universities and organizations worldwide to offer a wide range of courses. While many courses are free, a fee is often required for certification.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees: edX:<\/strong>\n    <p>Founded by MIT and Harvard, edX offers high-quality courses from top universities and institutions around the world. Certificates are available for a fee.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : Khan Academy:<\/strong>\n    <p>Khan Academy provides free educational content in various subjects, especially mathematics and science, using instructional videos and practice exercises.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : Udacity:<\/strong>\n    <p>Udacity focuses on tech-related courses and nanodegree programs, offering free content as well as more in-depth paid programs.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : MIT OpenCourseWare (OCW):<\/strong>\n    <p>MIT OCW provides a vast array of MIT's course content for free, covering a wide range of disciplines.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees : Harvard Extension School:<\/strong>\n    <p>Harvard Extension School offers a selection of free online courses. While some courses are free, others may require payment for a certificate.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees: Stanford Online:<\/strong>\n    <p>Stanford Online offers a variety of free courses in different disciplines, including computer science, engineering, and business.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : Carnegie Mellon Open Learning Initiative (OLI):<\/strong>\n    <p>OLI offers free online courses and resources designed to improve learning outcomes through research-based methodologies.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : FutureLearn:<\/strong>\n    <p>FutureLearn partners with universities and institutions to offer a diverse range of free online courses. Certificates are available for a fee.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses: Alison:<\/strong>\n    <p>Alison offers a wide range of free online courses, including diploma and certificate programs, covering various subjects.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses: Open Yale Courses:<\/strong>\n    <p>Yale University provides free access to a selection of introductory courses through Open Yale Courses.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : UC Berkeley Online:<\/strong>\n    <p>UC Berkeley offers free online courses on a variety of subjects, ranging from computer science to humanities.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses  : Google Digital Garage:<\/strong>\n    <p>Google Digital Garage provides free courses on digital skills, including online marketing, data analysis, and more.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : Codecademy:<\/strong>\n    <p>Codecademy offers free coding courses, interactive exercises, and coding projects to help individuals learn programming languages.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : LinkedIn Learning (formerly Lynda.com):<\/strong>\n    <p>LinkedIn Learning provides a variety of video courses on professional development, technology, and creative skills. It offers a free trial period.<\/p>\n  <\/li>\n<\/ol><\/div>","protected":false},"excerpt":{"rendered":"<p>Move to a simpler way to get credit. Get an estimate online or use our banking app to apply for a loan of up to R250 000. You\u2019ll get a personalised offer based on your affordability, and you can choose between the amount you want, the lowest monthly instalment or the lowest interest rate, starting &#8230; <a title=\"Capitec loan\" class=\"read-more\" href=\"https:\/\/forms24.co.za\/data\/capitec-loan\/\" aria-label=\"Read more about Capitec loan\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8864","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages\/8864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/comments?post=8864"}],"version-history":[{"count":0,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages\/8864\/revisions"}],"wp:attachment":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/media?parent=8864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}