Capitec Bank

As one of South Africa’s leading lenders, Capitec offers a range of affordable, flexible financial solutions to suit your needs, whatever these may be.

With their Bank Better, Live Better promotions you can enjoy a host of value-added services and advice from some of the best financial minds in the country.

A bank that’s always growing

Over the past 19 years, Capitec has expanded not only its customer base but its range of offerings too.

Whether you’re looking to open a savings account or want to consolidate overly complex and draining loans, Capitec should be your partner of choice.

Their range of financial products and services will exceed all of your expectations and ensure you achieve all of your goals. They’re also known for their cost-saving approach to some of South Africa’s most loved financial products.

Need some financial advice?

When it comes to finances, they’re not all in the know. Capitec is driven to create meaningful, lasting change in the lives of customers through education.

Whether in the form of educational brochures and booklets or events, they want you to know what it takes to create and maintain healthy finances.

They not only offer some of the most cost-competitive financial products but they encourage saving and investing and strive to make it easier for you to reach your financial goals.

Whether you just want to open an account and save on banking fees or you’re ready to make your dream of owning your own home a reality, Capitec is ready to support you. While they’re competitively priced, their products and services compromise neither quality nor service.

Capitec has a diverse range of services from the most basic saving account to excellent home and vehicle finance products, they’re the bank that does it all at a fraction of the cost.

Debt consolidation with Capitec

If you’re carrying multiple debts in the form of store and credit card balances or short-term loans and are struggling to keep track of it all, Capitec can offer you a promising solution.

Their debt consolidation loans will allow you to borrow up to R250 000 to pay off all of your existing debts and simplify your finances.

These loans come with flexible repayment terms that will be personalised to suit your budget and low-interest rates. These rates will be disclosed to you once your financial situation and credit inquiry has been reviewed.

Is consolidating the right option for you?

Debt consolidation isn’t a one-size-fits-all solution for debt. If you have many small, unsecured debts and are burdened with high payments and lots of admin, this may be a good option for you.

A consultant from Capitec will review your application and decide if you’d benefit from consolidating.

You’ll also enjoy credit insurance that will give

you peace of mind and ensure you and your family are protected from heavy debts in the event that you can no longer pay.

Cost of debt consolidation

The interest rate that you’ll be charged will be worked out when you make your initial application. Capitec does not have any initiation fees on consolidation loans.

You must, however, have a fairly good credit rating to qualify for consolidation. This means that if you’ve missed any repayments or have had a creditor take action against you, you will be denied.