Capitec loan is a type of payday loan or emergency loan that gives applicant funds to sort out the arising situation, although there are so many processes that the applicant needs to pass through, and there is some requirement the applicant needs to meet up with. To get the capitec loan, you must have an earning of about 8000 runs as it allows you to able to apply for the loan, as an applicant you need to check out your credit score, your income, and even your debt-to-income ratio to be able to pay back the loan you borrowed in due time.

You can even take the capitec loan without a payslip as all you need to do is make sure you have a business of your own and if you already have a business, then you must register the business as an incorporated or closed corporation. But if you have had issues with the application, you can call their agent to put you through. Meanwhile, you can even apply for the capitec loan through an SMS, follow through and you would find out all you need to know about capitec loans.

Does Capitec Have ATM Loans

Capitec loans have ATM loans, but the ATM is used mainly to pay back a temporary loan this time around. You can use the capitec ATM anywhere in the world that accepts VISA cards across southern Africa.

How Do I Settle My Capitec Loans?

If you want to settle your capitec loan, all you need to do is contact our collections team on 0860667718 for a settlement quote or you can choose to visit the branch office close to you for help.

How Do I Apply For A Capitec Loan Through SMS?

Applying for a capitec loan takes a few procedures to follow, there are so many ways in which you can apply for the loan, one of those ways is through your SMS, how do I apply is very simple, either you choose to SMS your 13-digit identification number to 30679 and answer the queries being asked, or you can choose to email centralisedcollection@capitecbank.co.za with your loan account number in the subject line, and lastly, you can either choose to drop a call on the number 0860667718 and one of the capital agent will see you through your difficulties.

Can I Get A Loan At Capitec Without A Pay slip?

You can take a capitec loan without a payslip but in the circumstances that you get income from your business or entrepreneur. Nevertheless, if you have a business of your own, then it must be registered as either an incorporated or closed corporation.

How Much Must You Earn To Qualify For A Loan At Capitec

There are levels in which you must have reached to be able to collect a capitec loan, you need an earning of about 8000 rands. It is enough to give you the chance to apply. But you need to check if you meet all of the other requirements. Also, you should also put it at the back of your mind that you can only get a personal loan from capitec.

How Do I Know If I Qualify For The Loan?

There are so many requirements you need to meet up with before you should think of it before collecting a loan. However, there is a different requirement for different lenders and there are listed below

  • Credit score and history: the individual that wants to ask for a loan should make sure her credit score is high and very good as credit score is an important factor firm who lends money look out for.
  • The income of the applicant
  • Debt to income ratio
  • Collateral
  • Origination fee is also another factor to consider whenever you want to take loans.