Capitec Consolidation Loan

Established in 2001, and registered on the JSE in 2002, their client bank has increased to nearly 15 million customers.

They’re a modern, flexible lender that strives for simplicity, excellence, and continual improvement in all that they do.

Helping you bank and live better

Their approach to customers is to help them simplify their finances and make the best possible decisions.

This is evident not only by the range of informative articles, brochures, and campaigns they’ve created but also by their employee's handling of customer requests.

When banking with Capitec you’ll enjoy excellent customer service from representatives that know what they’re doing and can help you make the right financial decisions from the simplest to the most complex of matters.

A bank that’s big on financial education

Capitec is big on financial education and strives to ensure all South Africans are empowered through financial education.

From understanding what credit is to knowing the difference between good and bad credit, they’re determined to continue making a positive impact on the lives of their customers through education.

This is a refreshing approach considering the competitive nature of South Africa’s banking sector.

Ready to get started?

A good place to start when looking to join Capitec is by reviewing their product offerings online and requesting a quote for credit.

They have many guides and articles that can help you in understanding their offering more carefully and deciding on what options suit you best.

While their low-cost savings account is one of their most popular products, their range has been expanding and they now offer everything from vehicle finance to debt consolidation loans.

These loans allow you to take control of your money, lower the amount you pay toward debt every month, and free up some cash flow. This extra money can then be used for everyday expenses so that you no longer have to struggle to make it till month-end.

Debt consolidation you can rely on

Capitec’s debt consolidation loans allow you to borrow up to R250,000 with loan terms up to 84 months. If you want a personalised quote, simply visit their website and fill in their credit estimation form.

What debts can you consolidate?

Capitec allows you to consolidate just about any debt. This includes your car loan, personal loans, store cards, and credit cards into one, easier to manage personal loan. If you’re paying too much towards your debt, struggling to manage them, or just want to simplify your finances, a consolidation loan may be able to help you.

What you need to know

Debt consolidation isn’t for everyone. In addition, if you’re choosing a longer loan term, you’ll end up paying more for your debts in the end. This is particularly true if you consolidate store accounts that generally have shorter terms.

Other products on offer

Capitec offers a host of other financial products and services including their much-talked-about bank better, live better initiatives which offer a range of value-added services and bonuses that you can enjoy just by becoming a part of their family.

This includes fuel cash backs, learning something new with their Educate24 or GetSmarter benefits, and even consulting with a doctor from the comfort of your own home. If you’re looking for a forward-thinking banking partner, Capitec has a lot to offer.

Unlock your financial freedom

A debt consolidation loan from Capitec could unlock up to R250,000 with a repayment term of up to 84 months. Interest rates are fixed and could start from as low as 11.75%.