How to Apply for a Temporary Loan at Capitec

How to Apply for a Temporary Loan at Capitec

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South African retail bank, Capitec Bank, offers clients temporary loans and is a great benefit in case of emergency when you desperately need instant cash. Capitec Temporary Loan is a credit facility loaded into your capitec account. You can access this cash anytime when you need it. The purpose of this article is to show you how to apply for a temporary loan at Capitec.

ALSO READ: Capfin Loans: How to apply for a Capfin Loan

Capitec Temporary Loans are subject to credit approval. This means that as an applicant, you need to qualify in order to be granted a Capitec loan. You can get a Capitec Temporary Loan up to R4000. The cash will be available to your account immediately and you only have to pay for the amount you use. Though this temporary loan needs to be paid back in full each month, you are required to reapply for temporary loan at Capitec every time as your limit will be reviewed every 12 months at nearest Capitec branch.

How to Apply for a Temporary Loan at Capitec

To apply for a temporary loan at Capitec, you need to know the amount you need. You can apply for Capitec Bank temporary short-term loan via online banking, their cellphone app, or by dialling their short code *120*3279#. If you are interested in a personal loan, you can visit your nearest branch. You can choose a personal loan of up to R250 000 cash over 84 months based on your affordability and credit profile.

Documents You Need When Applying for A Loan

  • You must be 18 years or older.
  • Original identification document.
  • Latest salary slip.
  • Three months bank statement showing your latest 3 consecutive salary deposits into an account in your name

Image Courtesy: temporaryloan.co.za

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