Capitec Bank Education Loan
Do you think studying without money is impossible ? if so try the Capitec bank education loan of up to R500 000 to pay for tuition and educational expenses at any South African registered institution.
Where can you use Capitec bank education loan ?
- Primary school
- High school
- University
- Online courses
- Technical Vocational Education and Training (TVET) colleges
How capitec Bank education loan works?
- Choose an access facility for all additional expenses
- Get up to R500 000 revolving credit
- Only pay for what you use
How to Apply for Capitec bank education loan?
- Go to Capiec bank branch and request to apply for education loan.
- Go to Capitec bank App and look for loans and credit
- Go to Capitec bank website and search for “Education loan”
Why choose Capitec bank Education loan?
- Cover tuition fees and other expenses (textbooks, etc., as long as they appear on the invoice from the institution you must pay)
- We pay the institution on your behalf
- Get up to R500 000
- Up to 84 months to pay
- An interest rate from prime
Who qualify for Capitec bank education loan?
To apply, you must be 18 years or older and have valid SA ID document/smart ID card. The credit assessment will be based on our credit granting rules and your personal credit profile and affordability. You may also need to provide:
- Your latest 3 consecutive salary slips
- A bank statement showing your latest 3 consecutive salary deposits (only if your salary is not paid into your Capitec account)
- No proof of residential address is needed; however, you may be asked to provide supporting documents to complete your application
What documents needed to apply for Capitec bank education loan?
You will need:
- Valid SA ID document/smart ID card
- Your latest 3 consecutive salary slips
- A bank statement showing your latest 3 consecutive salary deposits (only if your salary is not paid into your Capitec account)
- A standard invoice or quote from one of our listed partners, not older than 30 days
- No proof of residential address is needed; but you may be asked to provide supporting documents to complete your application