Capitec Bank Education Loan

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Capitec Bank Education Loan

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Learn more details about the loan Capitec Bank Education Loan

Education plays a vital role in shaping individual lives. It is a prime need for any individual. But sometimes the high expense may affect you. An education loan arranges the credit for you and gives you the chance to repay it over some time.

Capitec Bank has an education loan that covers up to R500 000. This loan allows you to pay tuition fees and other educational expenses at any institution that is South African-registered.

  • Cover educational expenses: Capitec educational loan allows you to pay tuition fees and other expenses such as the cost of textbooks. But it must appear on the invoice from the institution.
  • Loan amount: You can borrow up to R500 000 to pay expenses at any South African-registered institution.
  • Repay term: You will get up to a term of 84 months to repay the loan.
  • Prime interest rate: This interest rate is customizable on your income and credit profile. It comes with a market prime interest rate.

To check how to apply for this loan, you can press the button below. 

About the Capitec Bank Education Loan

To pay tuition fees and other educational expenses at any South African-registered institution, a Capitec education loan allows one to borrow up to R500 000 revolving credit. The interest rate for this loan is customizable on your income and profile and comes with a repayment term of up to 84 months.

The loan amount can be used on primary school, high school, university, online courses, technical vocational education and training (TVET) colleges. You can pay tuition fees and other expenses such as the cost of textbooks with this loan if it appears on the invoice from the institution. You can apply for this loan online or at any branch by following 3 simple steps.

 About the Capitec Bank

Capitec Bank is a South African retail bank that provides financial banking services to individuals and businesses. It enables you to bank digitally and make your life easier so that you can live better. The bank operates locally with nationwide branches. Capitec Bank is renowned for providing value to its customers, affordable pricing, and good interest rates on deposits.

Services that Capitec Bank offers:

  • Transact: Capitec simplifies day-to-day banking by enabling you to do banking activities in real time. You can shop online and pay with your phone or a card which allows you to move cashless.
  • Save: Capitec Bank has 4 free savings plans and share investment options to secure your future. Those saving plans are tailored and designed in such ways to meet your needs.
  • Insure: To keep you financially protected in uncertain situations of life, Capitec Bank’s introduced an Insure plan. This is designed to cover you or your family in the events of death, disability, retrenchment, unemployment, inability to earn other than disability, or death. This plan includes funeral coverage for up to 21 of your family members.
  • Credit: Capitec Bank has personalized credit solutions for individuals and businesses. You can get access to money instantly for personal needs, credit card expenses, purchasing a home or vehicle, education, home renovation, and settling medical expenses.

Capitec Bank is committed to providing transparent and affordable banking to customers. There are no hidden fees you will get a clear picture of everything you are paying for. All the banking activities can be managed 24/7 by using the mobile app.

Besides those, you can earn rewards from the Capitec Live Better program. This program is designed with cashback on monthly spending and a discount on spending at a partner’s network.

Why choose the Capitec Bank Education Loan?

Capitec is one of the leading banks in South Africa. It has come up with various credit solutions for individual and business needs. Education loan is one of them. This loan can be chosen for various reasons.

First of all, You can borrow up to R500 000 to pay educational expenses such as tuition fees and textbooks. You can repay the loan in a flexible term of up to 84 months. It comes with a customizable prime interest rate.

Besides those, the application process is very easy. It will take 3 simple steps to apply for this loan.  Another advantage is that you only pay for what you use.

Capitec Bank is very reputed for customer satisfaction.

Click on the button and find the step-by-step guide to apply for this loan.